11073 Arlington Avenue, Riverside, California 92505, Riverside, 92505 - bed, bath
ACTIVE$662,000
11073 Arlington Avenue, Riverside, California 92505
0Bed
0Bath
1,540Sqft
16,553Lot
Price Vs. Estimate
The estimated value ($665,445.59) is $3,445.59 (0%) lower than the list price ($662,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16553, living area = 1540.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1540, other record living area = 1082.
Compared to the nearby listings
Price:$662.0K vs avg $640.0K (+$22,000)59%
Size:1,540 sqft vs avg 1,517 sqft51%
Price/sqft:$430 vs avg $42651%
More Insights
Built in 1939 (86 years old).
Condition: Despite being built in 1939, the property has undergone significant recent cosmetic updates, including fresh paint, modern laminate flooring, recessed lighting, and ceiling fans in the main unit. One bathroom features a stylish, recently renovated walk-in shower with modern tiling and fixtures. The back unit also boasts new paint and cabinets. While the presence of a wall-mounted AC unit and a basic second bathroom indicate that not all major systems or areas have been fully modernized, the property is move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Year Built
1939
Close
-
List price
$662K
Original List price
$662K
Price/Sqft
$430
HOA
-
Days on market
-
Sold On
-
MLS number
IV25277704
Home ConditionGood
Features
Patio
View-
About this home
NOTE: This property is a Multi Family Property. Front unit has 4 bedrooms & 2 Baths, partially remodeled and plenty of space inhouse measures 1,082sqft. House has fresh new paint, laminate floor, ceiling fans and much more. House on back unit is a Studio that can easily be converted to a 1-bedroom which is also newly painted and new cabinets with a Store included. This property has 1 meter and two addresses. House has nice covered patio for entertainment. There is plenty of parking space thru driveway and side of the house for big trucks, RVs and or boats. This property is apt for farm animals. Back unit currently rented for $1,600.00 month to month.
Price History
Date
Event
Price
07/31/15
Sold
$207,000
05/08/12
Sold
$180,000
Condition Rating
Good
Despite being built in 1939, the property has undergone significant recent cosmetic updates, including fresh paint, modern laminate flooring, recessed lighting, and ceiling fans in the main unit. One bathroom features a stylish, recently renovated walk-in shower with modern tiling and fixtures. The back unit also boasts new paint and cabinets. While the presence of a wall-mounted AC unit and a basic second bathroom indicate that not all major systems or areas have been fully modernized, the property is move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16553, living area = 1540.
Income-Generating Multi-Unit: Features a rented back studio unit generating $1,600/month, providing immediate rental income and strong investment potential.
Large, Versatile Lot: An expansive 16,553 sqft lot offers ample space, is suitable for farm animals, and provides extensive parking for large vehicles, RVs, or boats.
Recent Cosmetic Updates: Both units benefit from fresh paint, new laminate flooring, and updated cabinets (back unit), contributing to a move-in ready condition.
Abundant Parking & Storage: Significant off-street parking capacity accommodates multiple vehicles, including large trucks, RVs, and boats, a rare and valuable asset.
Enhanced Outdoor Living: Includes a covered patio, providing a dedicated and comfortable space for outdoor entertainment and relaxation.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1540, other record living area = 1082.
Shared Utility Meter: The property operates on a single utility meter for both units, which can complicate utility billing and management for tenants or owner-occupants.
Age of Construction: Built in 1939, the property's age suggests potential for older infrastructure, systems, and maintenance requirements that may not be immediately apparent despite recent cosmetic updates.
Zoning/Listing Discrepancy: Listed as a 'Single Family Residence' but described as a 'Multi Family Property,' this inconsistency could lead to challenges with financing, insurance, or legal compliance regarding its multi-unit use.