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3985 Kansas Ave, Riverside, CA 92507
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3985 Kansas Ave Riverside, CA 92507

$720,000 Sold Price as of 06/11/2021
  • 7 Beds
  • 5 Baths
  • 2,966 Sq.Ft.
Sold
$720,000 Sold Price as of 06/11/2021 Refinance Your Mortgage
Map preview of 3985 Kansas Ave, Riverside, CA 92507

Property Overview: 3985 Kansas Ave Riverside, CA has 7 bedrooms, 5 bathrooms, 2,966 living square feet and 7,841 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus 4th bedroom) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100.00 P/M; the 2nd unit with 2be/1ba can rent for $1,450.00 & the 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity. BUYER TO ASSUME TENANTS. Seller recently signed a one year lease until April 2022 which is when rents can be increase again.

Listed by MICHAEL NUGENT | BRE #01329276 | REALTY MASTERS & ASSOCIATES
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 45

Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1946
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
IV21064140
City
Riverside
County
Riverside
Time on Site
1150 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 3
  • # 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: $1,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 3985 Kansas Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate
  • All Bedrooms Down, Family Room, Kitchen
Kitchen Information
  • Has Appliances
  • Dishwasher, Gas Range, Microwave, Water Heater
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 221024028
  • Year Built Source: Seller
  • Property is Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: GPS
Neighborhood Information
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights
View more facts & features

Local Riverside Agent

Sale History for 3985 Kansas Ave

Last sold for $720,000 on June 11th, 2021

  • June, 2021

  • Jun 11, 2021

    Date

    Sold

    CRMLS: IV21068811

    $720,000

    Price

  • May 14, 2021

    Date

    Pending

    CRMLS: IV21068811

    $719,990

    Price

  • Apr 27, 2021

    Date

    Price Change

    CRMLS: IV21068811

    $719,990

    Price

  • Apr 2, 2021

    Date

    Active

    CRMLS: IV21068811

    $788,800

    Price

  • Listing provided courtesy of CRMLS

    Income opportunity ~ NO RENT CONTROL. Agents; please share PDF file under supplements in MLS with units' drafted lay-out and share with your clients to better understand the structures. These three units in the Heart of #RiversideCalifornia : 3985, 3983 & 3981 Kansas Avenue, Riverside Ca. 92507. 1ST UNIT: 3985 Kansas Ave. has 3 bedroom (Plus a bonus room) 2 bathrooms and measures 1,283 square feet (THIS IS THE CORNER UNIT WHICH IS IN GOOD CONDITIONS BUT HAS NOT BEEN RECENTLY RENOVATED); 2ND UNIT: 3983 Kansas Ave. has 2 bedrooms and 1 bathroom and measures 873 square feet. This unit offers new laminate, tile and carpet flooring, new windows, new electrical with recess lighting and fixtures, new bathrooms, new kitchen, new plumbing & drains, new fence in the rear and the side, new closets and termite has been completed; 3981 Kansas Ave. has 2 bedroom, 2 bathrooms and measures 873 as well (THIS UNIT HAS JUST BEEN RENOVATED AS WELL). This is a central location across the street from Bobby Bonds Park & Cesar Chavez Center, conveniently situated between the 91 and 60 freeways and a very short drive to RCC and UCR. Property has great long term tenants with impecable record. Immediate cap rate increase to 6.5% when rents become adjusted to current fair market. Corner house can rent for $2,100; the 2be/1ba can rent for $1,450.00 and 2be/2ba unit may rent for $1,550.00 "No rent control" Great opportunity. BUYER TO ASSUME TENANTS. Seller recently signed a one year lease until April 2022 which is when rents can be increase again.

  • June, 2021

  • Jun 11, 2021

    Date

    Sold

    CRMLS: IV21064140

    $720,000

    Price

  • May 14, 2021

    Date

    Pending

    CRMLS: IV21064140

    $719,890

    Price

  • May 5, 2021

    Date

    Price Change

    CRMLS: IV21064140

    $719,890

    Price

  • Apr 27, 2021

    Date

    Price Change

    CRMLS: IV21064140

    $719,990

    Price

  • Mar 27, 2021

    Date

    Price Change

    CRMLS: IV21064140

    $788,880

    Price

  • Mar 27, 2021

    Date

    Active

    CRMLS: IV21064140

    $828,880

    Price

  • October, 2016

  • Oct 7, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2016

  • Sep 28, 2016

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3985 Kansas Ave

Assessed Value (2020): $247,707
Year Land Value Improved Value Assessed Value
2020 $67,554 $180,153 $247,707

Home Value Compared to the Market

This property vs the competition

3985 Kansas Ave sold on June 11, 2021 for 6.65% higher 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 $242.71 per/sqft which puts the price per square foot 34.93% lower than the current median sale per square foot for the city of Riverside.

About 3985 Kansas Ave

Detailed summary of property

3985 Kansas Ave is a triplex that recently sold in Riverside, CA 92507. This triplex offered 7 bedrooms, 5 bathrooms, roughly 2,966 living square feet, and sits on an approximately 7,841 square foot lot. 3985 Kansas Ave was first listed on ArdentRealEstateGroup.com on March 27, 2021. The homeowner sold the property for $720,000. 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 6.65% higher than the current median priced home. Local homes that are currently for sale include 8383 Hemlock Ave, 7786 Mckinley Ave and 14172 Arrow Blvd. While the average home in Riverside, CA is selling in 48 days, 3985 Kansas Ave has a days on market of 45 days. There are currently 708 homes for sale in the Riverside real estate market and 658 of them are single family homes while 44 of them are condos and 6 are townhomes. For more information on this home for sale at 3985 Kansas Ave Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3985 Kansas Ave

Public county record property details
Beds
4
Baths
2
Year built
1946
Sq. Ft.
1,683
Lot Size
7,840
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
92
APN
221-024-028

The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,392
Median List Price/Sq.Ft.
$364
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$334
Total Inventory
139
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (63.16%), FHA (10.53%), VA (0%), Cash (13.16%), Other (10.53%)

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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