2427 Northbend Street, Riverside, California 92501, Riverside, 92501 - 2 bed, 2 bath
ACTIVE$399,000
2427 Northbend Street, Riverside, California 92501
2Beds
2Baths
900Sqft
6,970Lot
Year Built
1928
Close
-
List price
$399K
Original List price
$445K
Price/Sqft
$443
HOA
-
Days on market
-
Sold On
-
MLS number
CV24255611
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $399.0K(8th), sqft - 900(8th), beds - 2(50th), baths - 2(50th).
Attention Investors! PRICE REDUCED!!! Duplex fixer. Priced to sell fast! Perfect for investors looking to expand their portfolio. Front house 1 bed/1 bath approx 538 sq ft. Back unit studio with kitchen and bathroom approx 400 sq ft (non-permitted). Back unit has own driveway access. Property needs TLC and is outdated- in need of a full rehab. Being sold As-Is. There are NO showings! Drive-by only. Buyer to purchase site-unseen. Do not disturb tenants!! Will not respond to low-ball offers.
Condition Rating
Poor
Built in 1928, the property is explicitly described as a 'fixer' needing 'TLC' and a 'full rehab.' The images confirm extremely outdated and worn conditions in the kitchen and bathroom, with old fixtures, flooring, and appliances. Major systems are likely original or very old, requiring substantial repairs and rehabilitation to meet modern standards.
Pros & Cons
Pros
Investment Potential: Explicitly marketed towards investors, this duplex offers a clear opportunity for portfolio expansion and income generation.
Significant Price Reduction: The list price has been reduced from $445,000 to $399,000, indicating a motivated seller and potential for a competitive purchase.
Duplex Configuration: As a duplex, the property provides two separate living units, ideal for generating rental income or accommodating multi-family occupancy.
Independent Unit Access: The back unit benefits from its own driveway access, enhancing privacy and appeal for potential tenants.
Value-Add Opportunity: The property's 'fixer' status presents a significant opportunity for an investor to add substantial value through a full rehabilitation, increasing future rental income or resale value.
Cons
Extensive Renovation Required: Described as a 'fixer' needing 'TLC' and a 'full rehab,' the property requires significant capital investment and effort to bring it to modern standards.
Non-Permitted Unit: The back studio unit is explicitly non-permitted, posing legal risks, potential code enforcement issues, and requiring costly legalization or removal.
Restricted Access & Due Diligence: The 'NO showings! Drive-by only. Buyer to purchase site-unseen' policy severely limits a buyer's ability to conduct proper inspections and assess the property's true condition and risks.