2431 12th Street, Riverside, California 92507, Riverside, 92507 - bed, bath
ACTIVE$880,000
2431 12th Street, Riverside, California 92507
0Bed
0Bath
2,214Sqft
10,454Lot
Year Built
1977
Close
-
List price
$880K
Original List price
$880K
Price/Sqft
$397
HOA
-
Days on market
-
Sold On
-
MLS number
OC24159430
Home ConditionGood
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $880.0K(67th), sqft - 2214(50th), beds - undefined(50th), baths - undefined(50th).
Amazing Duplex opportunity to own a in a growing Riverside neighborhood! This Duplex presents an ideal chance for both homeowners and savvy investors to own this remodeled duplex. This property boasts two units, each unit featuring, 3 bedrooms, 2 bath with a spacious living room, remodeled kitchen and each unit is able to have a one car garage that includes inside laundry facilities. Complemented by a fenced yard and plenty of driveway parking. All conveniently located minutes away from the 91 freeway, Cal Baptist University, UCR, shopping, Riverside Community Hospital and the Mission Inn Hotel & Spa just to name a few.
Condition Rating
Good
The property, built in 1977, has undergone significant and recent interior renovations, making it move-in ready. The kitchen features modern white shaker cabinets, dark countertops, a contemporary black double-basin sink with a brushed nickel faucet, and a visible stainless steel gas range. Bathrooms are updated with new white vanities, fixtures, and clean white tub/shower combos. Throughout the units, there is consistent wood-look tile flooring, fresh neutral paint, modern light fixtures, and recessed lighting, giving the interiors a contemporary and well-maintained appearance. While the cosmetic updates are excellent and appear very recent, the original build year of 1977 suggests that some major underlying systems (e.g., HVAC, plumbing, electrical) may not have been fully replaced or are older, and the exterior, while maintained, does not appear newly constructed. This aligns with a 'Good' rating, indicating a property extensively renovated within the last 5-15 years, offering high quality and functionality without immediate renovation needs.
Pros & Cons
Pros
Income-Generating Asset: This duplex offers dual rental income streams, making it an attractive opportunity for both owner-occupants seeking supplemental income and savvy investors.
Remodeled Interiors: Each unit features a recently remodeled kitchen, providing modern aesthetics and functionality, which enhances tenant appeal and reduces immediate renovation costs.
Strategic Location: Situated minutes from the 91 freeway, Cal Baptist University, UCR, Riverside Community Hospital, and shopping, ensuring high rental demand and tenant convenience.
Desirable Unit Configuration: Each unit boasts a 3-bedroom, 2-bathroom layout, a highly sought-after configuration for families or multiple tenants, maximizing rental potential.
Tenant-Friendly Amenities: Includes individual 1-car garages with inside laundry facilities, a fenced yard, and ample driveway parking, adding significant value and appeal to prospective tenants.
Cons
Age of Construction: Built in 1977, the property is over 45 years old, which may indicate older infrastructure (e.g., plumbing, electrical, roof) that could require future maintenance or upgrades beyond the remodeled kitchens.
Unspecified HVAC Systems: The description does not mention central air conditioning or heating, which could be a significant drawback for tenant comfort and energy efficiency, especially in Riverside's climate.
Potential for Additional Updates: While kitchens are remodeled, other areas of the units or the property's exterior may require further updates or deferred maintenance, potentially incurring additional capital expenditure for a new owner.