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3587 Wallace St, Riverside, CA 92509
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3587 Wallace St Riverside, CA 92509

$630,000 Sold Price as of 12/06/2021
  • 3 Beds
  • 3 Baths
  • 1,800 Sq.Ft.
Sold
$630,000 Sold Price as of 12/06/2021 Refinance Your Mortgage
Map preview of 3587 Wallace St, Riverside, CA 92509

Property Overview: 3587 Wallace St Riverside, CA has 3 bedrooms, 3 bathrooms, 1,800 living square feet and 9,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: CASH FLOW!! This Renovated Triplex will make a great addition to your portfolio. The property is located just minutes away from Downtown Riverside near the 60 & 91 freeway in a high rental demand area. All 3 units are tenant occupied... the third units was recently renovated!!! The property sits on a 9000+ sq ft lot with plenty of parking for up to 10 cars in the front, and has been carefully maintained by the current owners, recent upgrades include, new roof, new paint, double-pane windows, new fence, tankless water heaters, updated kitchens, bathrooms, laminate floors, granite counter tops, and more. New or experienced investors... this is a must see!!!

Listed by Mauricio Roque | BRE #01938342 | eXp Realty of California Inc
Co-listed by Princess Escoto | BRE #02066563 | eXp Realty of California Inc
Last checked: 4 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 3

Home details

Lot Sq. Ft
9,583
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
PW21234268
City
Riverside
County
Riverside
Time on Site
928 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Partially
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $47,400
  • Net Operating Income: $39,600
  • Gross Operating Income: --
  • Other Income 1: $30
  • Other Income Description: Storage rental
Annual Expense Breakdown
  • Total Operating Expense: $7,800
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,044
  • Water/Sewer: $250
  • Other Expenses: $1,044

Property Details for 3587 Wallace St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Outside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
  • All Bedrooms Down, Kitchen, Living Room
Kitchen Information
  • Has Appliances
  • Built-In Range, Tankless Water Heater
Interior Features
  • Copper Plumbing Full, Granite Counters
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Asbestos Shingle
  • Has Fence
  • Excellent Condition, Wood
  • Other Structures: Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned, Unpaved
Lot Information
  • Lot Features: 2-5 Units/Acre, Irregular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Hills
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 179192018
  • Year Built Source: Assessor
  • Architectural Style: Modern
  • Foundation Details: Slab
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Exit Rubidoux from 60 fwy to 34th st. Exit university from 91, right on Wallace
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved
Neighborhood Information
  • Community Features: Storm Drains, Street Lights
View more facts & features

Local Riverside Agent

Sale History for 3587 Wallace St

Last sold for $630,000 on December 6th, 2021

  • December, 2021

  • Dec 6, 2021

    Date

    Sold

    CRMLS: PW21234323

    $630,000

    Price

  • Oct 30, 2021

    Date

    Active

    CRMLS: PW21234323

    $599,000

    Price

  • Listing provided courtesy of CRMLS

  • December, 2021

  • Dec 6, 2021

    Date

    Sold

    CRMLS: PW21234268

    $630,000

    Price

  • Oct 30, 2021

    Date

    Active

    CRMLS: PW21234268

    $599,000

    Price

  • June, 2021

  • Jun 8, 2021

    Date

    Canceled

    CRMLS: PW21068558

    $615,000

    Price

  • May 22, 2021

    Date

    Sold

    CRMLS: PW21068558

    --

    Price

  • Apr 22, 2021

    Date

    Pending

    CRMLS: PW21068558

    $615,000

    Price

  • Apr 16, 2021

    Date

    Active

    CRMLS: PW21068558

    $615,000

    Price

  • Apr 4, 2021

    Date

    Coming Soon

    CRMLS: PW21068558

    $615,000

    Price

  • Listing provided courtesy of CRMLS

    Attention investors and first time home buyers!! Don't miss this great investment opportunity located near the 60/91 freeways, and just minutes away from Downtown Riverside. Live in one unit, rent the other 2 units...... or rent all 3 and enjoy the cash flow!!!! This one-of-a-kind property sits on a 9000+ sq ft lot with plenty of parking for up to 10 cars in the front. This triplex has been carefully maintained by the current owners, recent upgrades include, new roof, new paint, double-pane windows, new fence, tankless water heaters, updated kitchens, bathrooms, laminate floors, granite counter tops, and more. All three units are tenant occupied and actively paying rent. This will be a great addition to your portfolio, it's a must see!

  • June, 2021

  • Jun 2, 2021

    Date

    Canceled

    CRMLS: PW21077451

    $615,000

    Price

  • May 31, 2021

    Date

    Sold

    CRMLS: PW21077451

    --

    Price

  • Apr 27, 2021

    Date

    Pending

    CRMLS: PW21077451

    $615,000

    Price

  • Apr 16, 2021

    Date

    Active

    CRMLS: PW21077451

    $615,000

    Price

  • Apr 13, 2021

    Date

    Coming Soon

    CRMLS: PW21077451

    $615,000

    Price

  • Listing provided courtesy of CRMLS

    Attention investors and first time home buyers!! Don't miss this great investment opportunity located near the 60/91 freeways, and just minutes away from Downtown Riverside. Live in one unit, rent the other 2 units...... or rent all 3 and enjoy the cash flow!!!! This one-of-a-kind property sits on a 9000+ sq ft lot with plenty of parking for up to 10 cars in the front. This triplex has been carefully maintained by the current owners, recent upgrades include, new roof, new paint, double-pane windows, new fence, tankless water heaters, updated kitchens, bathrooms, laminate floors, granite counter tops, and more. All three units are tenant occupied and actively paying rent. This will be a great addition to your portfolio, it's a must see

  • December, 2018

  • Dec 11, 2018

    Date

    Sold

    CRMLS: PW18228569

    $499,600

    Price

  • Nov 6, 2018

    Date

    Pending

    CRMLS: PW18228569

    $499,600

    Price

  • Sep 19, 2018

    Date

    Active

    CRMLS: PW18228569

    $499,600

    Price

  • Listing provided courtesy of CRMLS

    Remodeled one year ego with new roof,new windows,new appliances,new interior and exterior paint,laminate floor,and tile,granite counter tops, tankless water heaters. Agent has partially ownership.

  • December, 2018

  • Dec 10, 2018

    Date

    Sold (Public Records)

    Public Records

    $500,000

    Price

  • October, 2018

  • Oct 31, 2018

    Date

    Sold

    CRMLS: 475868

    $250,000

    Price

  • Listing provided courtesy of CRMLS

    Opportunity Knocking!!!! Great investment in a fantastic neighborhood for income property! This is a property that is not at market rents and could benefit from a facelift. All tenants are month-month. Units back to mobile home park property. Association Amenities: None Lot Location Type: Standard LocationPAVE Model 14 # of Full Baths: 0 Model 15 # of Full Baths: 0 Model 1 # 1/2 Baths: 0 Model 2 # 1/2 Baths: 0 Model 3 # 1/2 Baths: 0 Model 4 # 1/2 Baths: 0 Model 5 # 1/2 Baths: 0 Model 6 # 1/2 Baths: 0 Model 7 # 1/2 Baths: 0 Model 8 # 1/2 Baths: 0 Model 9 # 1/2 Baths: 0 Model 10 # 1/2 Baths: 0 Model 11 # 1/2 Baths: 0 Model 12 # 1/2 Baths: 0 Model 13 # 1/2 Baths: 0 Model 14 # 1/2 Baths: 0 Model 15 # 1/2 Baths: 0 Model 14 Bedrooms: 0 Model 15 Bedrooms: 0 Model 14 # Of Units: 0 Model 14 # Of Units: 0 Model 1 # 1/4 Baths: 0 Model 2 # 1/4 Baths: 0 Model 3 # 1/4 Baths: 0 Model 4 # 1/4 Baths: 0 Model 5 # 1/4 Baths: 0 Model 6 # 1/4 Baths: 0 Model 7 # 1/4 Baths: 0 Model 8 # 1/4 Baths: 0 Model 9 # 1/4 Baths: 0 Model 10 # 1/4 Baths: 0 Model 11 # 1/4 Baths: 0 Model 12 # 1/4 Baths: 0 Model 13 # 1/4 Baths: 0 Model 14 # 1/4 Baths: 0 Model 15 # 1/4 Baths: 0 Model 14 Rent: 0.00 Model 15 Rent: 0.00 Model 1 SQFT: 600 Model 2 SQFT: 600 Model 3 SQFT: 600 Model 4 SQFT: 0 Model 5 SQFT: 0 Model 6 SQFT: 0 Model 7 SQFT: 0 Model 8 SQFT: 0 Model 9 SQFT: 0 Model 10 SQFT: 0 Model 11 SQFT: 0 Model 12 SQFT: 0 Model 13 SQFT: 0 Model 14 SQFT: 0 Model 15 SQFT: 0 Model 1 # 3/4 Baths: 0 Model 2 # 3/4 Baths: 0 Model 3 # 3/4 Baths: 0 Model 4 # 3/4 Baths: 0 Model 5 # 3/4 Baths: 0 Model 6 # 3/4 Baths: 0 Model 7 # 3/4 Baths: 0 Model 8 # 3/4 Baths: 0 Model 9 # 3/4 Baths: 0 Model 10 # 3/4 Baths: 0 Model 11 # 3/4 Baths: 0 Model 12 # 3/4 Baths: 0 Model 13 # 3/4 Baths: 0 Model 14 # 3/4 Baths: 0 Model 15 # 3/4 Baths: 0 Furnishings: None Patio: NOPublic Sewer Special Features: None

  • January, 2017

  • Jan 4, 2017

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

Show More

Tax History for 3587 Wallace St

Assessed Value (2020): $509,592
Year Land Value Improved Value Assessed Value
2020 $122,400 $387,192 $509,592

Home Value Compared to the Market

This property vs the competition

3587 Wallace St sold on December 6, 2021 for 11.26% lower than the current median sold price for the city of Riverside which is $675,000. The median sold price per/sqft for Riverside is $373 and this home is sold at $332.78 per/sqft which puts the price per square foot 10.78% lower than the current median sale per square foot for the city of Riverside.

About 3587 Wallace St

Detailed summary of property

3587 Wallace St is a triplex that recently sold in Riverside, CA 92509. This triplex offered 3 bedrooms, 3 bathrooms, roughly 1,800 living square feet, and sits on an approximately 9,583 square foot lot. 3587 Wallace St was first listed on ArdentRealEstateGroup.com on October 24, 2021. The homeowner sold the property for $630,000. Home in Riverside are selling for a median price of $675,000 and a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 11.26% lower than the current median priced home. Local homes that are currently for sale include 1210 S Bon View Ave, 607 S Plum Ave and 1117 Amalia Ave. While the average home in Riverside, CA is selling in 49 days, 3587 Wallace St has a days on market of 3 days. There are currently 656 homes for sale in the Riverside real estate market and 614 of them are single family homes while 36 of them are condos and 6 are townhomes. For more information on this home for sale at 3587 Wallace St Riverside, CA 92509 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3587 Wallace St

Public county record property details
Beds
3
Baths
3
Year built
1957
Sq. Ft.
1,800
Lot Size
9,583
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
17,18
APN
179-192-018

The source for these homes facts are from public records.

92509 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$369
Median Sold Price
$615,000
Median Sold Price/Sq.Ft.
$379
Total Inventory
105
Median Sale to List Price %
102.07%
Avg Days on Market
26
Loan Type
Conventional (35.48%), FHA (35.48%), VA (3.23%), Cash (16.13%), Other (6.45%)

Thinking of Selling?

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3959 Wallace St, Riverside, CA 92509
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3881 Twining St, Riverside, CA 92509
$531,720 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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