3717 Roosevelt St, Riverside, CA 92503
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3717 Roosevelt St Riverside, CA 92503

$950,000
  • 8 Beds
  • 4 Baths
  • 2,764 Sq.Ft.
For Sale
$950,000 Get Pre-Qualified

Map preview of 3717 Roosevelt St, Riverside, CA 92503

Property Overview: 3717 Roosevelt St Riverside, CA has 8 bedrooms, 4 bathrooms, 2,764 living square feet and 9,148 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W. 17th Street, San Bernardino and 27205 Main Street, Highland. We are proud to present an exceptional opportunity to acquire a well-maintained 3+1 unit property located at 3717 Roosevelt Street in Riverside. This ±2,764 SF building sits on a generous ±9,148 SF lot and is conveniently located near the intersection of Magnolia Avenue and Van Buren Boulevard. The property boasts a convenient location within walking distance of the Arlington Library and is within a close proximity to popular destinations like the Tyler Galleria Mall, Cal Baptist University and La Sierra University with easy access to the 91 Freeway, La Sierra Metrolink train station, Downtown Riverside, and a variety of shopping centers, restaurants, and retailers, all just a short distance away. Showcasing mature and lush landscaping, 3717 Roosevelt resides on a palm tree-lined street. The property features surface vehicle parking and ample street parking. Some units have been updated and feature kitchens with appliances, tile flooring throughout, wall air conditioning and heating, security screen doors, ceiling fans and private patios, porches and front and back yards. Neighboring cities include Corona, Norco, Woodcrest, Pedley, Jurupa Valley, Eastvale, Colton, San Bernardino and Moreno Valley. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3717 Roosevelt Street is an admirable Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Listed by ERIC CHEN | BRE #01489184 | CB RICHARD ELLIS
Last checked: 9 minutes ago | Last updated: March 30th, 2024 | Source CRMLS | DOM: 26
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Home details

Lot Sq. Ft
9,148
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Apartment
Status
Active
MLS#
CV24055922
City
Riverside
County
Riverside
Time on Site
33 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $74,880
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.28%
  • Gross Rent Multiplier: 12.69
  • Gross Scheduled Income: $74,880
  • Net Operating Income: $50,172
  • Gross Operating Income: $71,136
  • Vacancy Allowance: $3,744
Annual Expense Breakdown
  • Total Operating Expense: $20,964
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $10,757
  • Trash: $0
  • Gardener: $840
  • Insurance: $1,444
  • Maintenance: $2,845
  • Professional Management: $3,557
  • Water/Sewer: $720
  • Other Expenses: $800
  • Other Expense Description: Reserves

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Property Details for 3717 Roosevelt St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 2-5 Units/Acre, Landscaped
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 234112013
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Merge onto CA-91 E, Exit Van Buren Blvd, Turn Left onto Indiana Ave, Turn Left onto Primrose Drive, Turn Right onto Roosevelt Street
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Riverside Agent

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Sale History for 3717 Roosevelt St

Last sold for $380,000 on October 30th, 2015
  • March, 2024

  • Mar 29, 2024

    Date

    Active

    CRMLS: CV24055922

    $950,000

    Price

  • October, 2015

  • Oct 30, 2015

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

  • February, 2003

  • Feb 26, 2003

    Date

    Sold (Public Records)

    Public Records

    $286,000

    Price

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Tax History for 3717 Roosevelt St

Assessed Value (2020): $411,322
Year Land Value Improved Value Assessed Value
2020 $162,364 $248,958 $411,322

Home Value Compared to the Market

This property vs the competition

3717 Roosevelt St is listed 36.5% higher than the median list price for the city of Riverside which has a median list price of $695,990. The median price per/sqft for Riverside is $364 and this home is listed at $343.7 per/sqft which puts the price per square foot 5.58% lower than the median price per square foot for the city of Riverside.

About 3717 Roosevelt St

Detailed summary of property

3717 Roosevelt St is a apartment located in Riverside, CA 92503 and is currently for sale. This apartment offers 8 bedrooms, 4 bathrooms, roughly 2,764 living square feet, and sits on an approximately 9,148 square foot lot. 3717 Roosevelt St was first listed on ArdentRealEstateGroup.com on March 30, 2024. The homeowner is currently asking $950,000. The median priced home in Riverside is $695,990 with a median price per square foot of $364. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 36.5% higher than the median priced home. Local competing homes currently for sale include 221 E Sunkist St, 823 W Orange St and 856 N Arrowhead Ave. While the average home in Riverside, CA is selling in 49 days, 3717 Roosevelt St has a days on market of 26 days. There are currently 652 homes for sale in the Riverside real estate market and 614 of them are single family homes while 33 of them are condos and 5 are townhomes. For more information on this home for sale at 3717 Roosevelt St Riverside, CA 92503 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3717 Roosevelt St

Public county record property details
Beds
1
Baths
1
Year built
1966
Sq. Ft.
633
Lot Size
9,583
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
13
APN
234-112-013

The source for these homes facts are from public records.

92503 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$715,555
Median List Price/Sq.Ft.
$362
Median Sold Price
$632,000
Median Sold Price/Sq.Ft.
$409
Total Inventory
125
Median Sale to List Price %
101.94%
Avg Days on Market
17
Loan Type
Conventional (45.45%), FHA (27.27%), VA (0%), Cash (12.12%), Other (15.15%)

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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.