3904 Monroe, Riverside, California 92504, Riverside, 92504 - 0 bed, 0 bath
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Riverside, California 92504
This Turnkey Multi-Family Asset is listed at $839,000, representing a premium offering aligned with its $803,922 Fair Market Value. The property boasts a Mint Condition Rating following a comprehensive 2025 full renovation, which included a new roof, dual-pane windows, mini-split HVAC, and modern kitchens. Located within walking distance to California Baptist University, the dual-unit configuration ensures high rental demand and excellent "house-hack" potential. This maintenance-free property is a strategic acquisition for Owner-Occupants seeking mortgage offset or Buy-and-Hold Investors targeting stable cash flow in Riverside.
Property is new construction or fully renovated.
Despite the 1951 build date, the property underwent a full renovation in 2025. Key updates include a new roof, upgraded electrical panels, new mini-split HVAC systems, and modern kitchens with new cabinetry and flooring, meeting the criteria for a <5-year renovation in mint condition.
Both units feature extensive 2025 upgrades including a new roof, dual-pane windows, mini-split A/C systems, and upgraded electrical panels, offering a turnkey experience with minimal immediate maintenance costs.
Situated within walking distance to California Baptist University and near the 91 Freeway, the property is ideally positioned to attract a consistent pool of student or professional tenants.
This duplex setup provides excellent versatility for owner-occupants looking to house-hack for mortgage offset or for investors seeking a dual-income stream in a serene neighborhood.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1865, other record living area = 846.
With only a single-car garage shared between two units, tenants may find the lack of protected parking or storage space a drawback, despite the availability of an extended driveway.
Originally built in 1951, the property may still possess aging sub-surface infrastructure, such as original sewer or plumbing lines, which are common concerns for homes of this vintage.
Great investment opportunity in the city of Riverside! This beautifully remodeled duplex features two addresses, 3904 & 3906 Monroe St, and is ideally located in a serene and established neighborhood within walking distance to California Baptist University and with convenient access to the 91 Freeway. Both units are owner occupied. The front unit offers 2 bedrooms and 1 bathroom with approximately 1,003 sq ft, while the rear unit features 2 bedrooms and 1 bathroom with approximately 862 sq ft. Both units have been fully renovated in 2025, showcasing a new roof, waterproof laminate flooring, dual-pane windows, updated kitchen cabinets, new water heaters, mini-split A/C systems, and upgraded electrical panels. This property is perfect for multi-generational living or for an owner-occupant looking to live in one unit while generating rental income from the other. Investors will also appreciate the strong rental potential in a desirable location. The property offers ample parking with an extended driveway that can accommodate multiple vehicles, leading to a one-car garage and an additional covered parking space. A backyard Children Jungle Gym structure is included with the sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,865 | 1,865 | 50% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $839.0K | $720.0K | 67% |
| Price per sq ft | $450 | $428 | 67% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 85 | 33% |
May 6, 2026
$839,000
Initial Listing
May 29, 1997
$85,000
Public Record