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3959 Wallace St, Riverside, CA 92509
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3959 Wallace St Riverside, CA 92509

$475,000 Sold Price as of 11/08/2021
  • 5 Beds
  • 3 Baths
  • 1,300 Sq.Ft.
Sold
$475,000 Sold Price as of 11/08/2021 Refinance Your Mortgage
Map preview of 3959 Wallace St, Riverside, CA 92509

Property Overview: 3959 Wallace St Riverside, CA has 5 bedrooms, 3 bathrooms, 1,300 living square feet and 9,148 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment income with this recently remodeled duplex. Front unit was almost completely gutted including sewer, re-piping, remodeled bathroom, drywall, kitchen cabinets, countertop, and much more. The roof is a few years new. Must see to appreciate. Long term tenants pay their own utilities of gas, water, and trash. A short distance from main downtown and many shopping amenities. The area is growing with new constructions and developments. Two separate units on a lot with the front unit having 3 bedrooms and 2 bathrooms, and the back unit has 2 bedrooms and 1 bathroom. Rent is below current market rent and upside potential for new owner. Don't miss this opportunity to own this duplex.

Listed by Tom Bui | BRE #01316773 | BluKey Investments Corp.
Co-listed by Antoine Tran | BRE #01993930 | BluKey Investments Corp.
Last checked: 5 minutes ago | Last updated: November 2nd, 2022 | Source CRMLS | DOM: 16

Home details

Lot Sq. Ft
9,148
HOA Dues
$0/mo
Year built
1926
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC21167984
City
Riverside
County
Riverside
Time on Site
1010 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Leased Units: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $31,200
  • Net Operating Income: $28,600
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $2,600
  • Electric: $1,800
  • Trash: $0
  • Insurance: $800
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 3959 Wallace St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Room Information
  • Flooring: Laminate, Tile
  • All Bedrooms Down
Interior Features
  • Granite Counters
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Block
  • Other Structures: Two On A Lot
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport, Driveway, Garage
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 181101008
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer, Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: From CA-91, Take exit 64 University Ave. Continue onto Mulberry St. Turn left onto University Ave. University Ave turns slightly right and becomes Redwood Dr. Turn left onto Mission Inn Ave. Turn left onto Wallace St.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Riverside Agent

Sale History for 3959 Wallace St

Last sold for $475,000 on November 8th, 2021

  • November, 2022

  • Nov 2, 2022

    Date

    Canceled

    CRMLS: PW22152178

    $620,000

    Price

  • Jul 11, 2022

    Date

    Active

    CRMLS: PW22152178

    $620,000

    Price

  • Listing provided courtesy of CRMLS

    Investors, first time home buyers, nice duplex in a quiet and nice neighborhood, close to downtown Riverside, freeway,

  • November, 2021

  • Nov 10, 2021

    Date

    Sold

    CRMLS: OC21167984

    $475,000

    Price

  • Sep 23, 2021

    Date

    Pending

    CRMLS: OC21167984

    $459,000

    Price

  • Aug 25, 2021

    Date

    Active Under Contract

    CRMLS: OC21167984

    $459,000

    Price

  • Aug 7, 2021

    Date

    Active

    CRMLS: OC21167984

    $459,000

    Price

  • Aug 4, 2021

    Date

    Coming Soon

    CRMLS: OC21167984

    $459,000

    Price

  • May, 2021

  • May 26, 2021

    Date

    Sold

    CRMLS: IV21013833

    $282,000

    Price

  • May 26, 2021

    Date

    Price Change

    CRMLS: IV21013833

    $282,000

    Price

  • Apr 13, 2021

    Date

    Active Under Contract

    CRMLS: IV21013833

    $350,000

    Price

  • Apr 8, 2021

    Date

    Price Change

    CRMLS: IV21013833

    $350,000

    Price

  • Mar 30, 2021

    Date

    Price Change

    CRMLS: IV21013833

    $399,999

    Price

  • Mar 29, 2021

    Date

    Active

    CRMLS: IV21013833

    $450,000

    Price

  • Mar 7, 2021

    Date

    Hold

    CRMLS: IV21013833

    $450,000

    Price

  • Mar 2, 2021

    Date

    Active

    CRMLS: IV21013833

    $450,000

    Price

  • Mar 2, 2021

    Date

    Hold

    CRMLS: IV21013833

    $450,000

    Price

  • Feb 21, 2021

    Date

    Active Under Contract

    CRMLS: IV21013833

    $450,000

    Price

  • Feb 18, 2021

    Date

    Hold

    CRMLS: IV21013833

    $450,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: IV21013833

    $450,000

    Price

  • Listing provided courtesy of CRMLS

    Duplex located minutes away from Mount Rubidoux. The front unit is a 3 bedroom, 1 bath home that features dual pane windows, a newer roof, and a newer central air system installed just a couple of years ago. The front unit also a has a fireplace. The rear unit is a 2 bedroom, 1 bath home that features tile flooring throughout. Both homes have been rented to long term tenants. Each unit has a separate gas meter, there is a gated driveway that can be utilized by both tenants at the front. This duplex is located on large lot with over 9000 square feet. At the rear of both units there is a fenced off backyard area that can also be utilized by both tenants. There is a block fence on the front and side of the home. This duplex is located minutes from downtown Riverside, Mount Rubidoux, Riverside Community College, and the 60 freeway. Take advantage of an opportunity to purchase this income property today! Looking for an investor to take over the current property. CASH offers only.

  • January, 2002

  • Jan 31, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3959 Wallace St

Assessed Value (2020): $35,720
Year Land Value Improved Value Assessed Value
2020 $13,385 $22,335 $35,720

Home Value Compared to the Market

This property vs the competition

3959 Wallace St sold on November 8, 2021 for 32% 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 $353.08 per/sqft which puts the price per square foot 5.34% lower than the current median sale per square foot for the city of Riverside.

About 3959 Wallace St

Detailed summary of property

3959 Wallace St is a multi family that recently sold in Riverside, CA 92509. This multi family property offered 5 bedrooms, 3 bathrooms, roughly 1,300 living square feet, and sits on an approximately 9,148 square foot lot. 3959 Wallace St was first listed on ArdentRealEstateGroup.com on August 4, 2021. The homeowner sold the property for $475,000. 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 32% lower than the current median priced home. Local homes that are currently for sale include 700 W 53rd St, 800 W Imperial and 4720 6th Ave. While the average home in Riverside, CA is selling in 49 days, 3959 Wallace St has a days on market of 16 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 3959 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 3959 Wallace St

Public county record property details
Beds
3
Baths
1
Year built
1926
Sq. Ft.
960
Lot Size
8,712
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
29
APN
181-101-008

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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(714) 706-1823

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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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