4041 Mcarthur, Riverside, California 92503, Riverside, 92503 - bed, bath
ACTIVE$645,000
4041 Mcarthur, Riverside, California 92503
0Bed
0Bath
1,960Sqft
10,890Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property is a duplex, offering two distinct units for rental income, appealing to investors or owner-occupants seeking passive income.
Top Cons:
Property Age: Built in 1962, the property is over 60 years old, potentially indicating older infrastructure (e.g., plumbing, electrical) not explicitly updated in the description.
Compared to the nearby listings
Price:$645.0K vs avg $653.2K ($-8,250)50%
Size:1,960 sqft vs avg 1,758 sqft75%
Price/sqft:$329 vs avg $36417%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, the property's kitchen features dated wood cabinets and an older aesthetic, requiring a full renovation. The bathroom is severely outdated with distinct blue and black tile, strongly suggesting a renovation from 30-50+ years ago, and would require a complete gut and remodel. While the roof and central heating/AC are newer, these critical interior spaces require substantial rehabilitation to meet current standards and appeal, pushing the overall condition into the 'poor' category despite being livable.
Year Built
1962
Close
-
List price
$645K
Original List price
$660K
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
IV25243327
Home ConditionPoor
Features
Pool
Patio
View-
About this home
Duplex with a pool! Each unit has 2 bedrooms and one bathroom plus a garage and their own fenced yards. Newer roof and central heating and AC. Great long term tenants.
Nearby schools
4/10
Liberty Elementary School
Public,•PK-6•0.4mi
4/10
Jackson Elementary School
Public,•PK-6•0.8mi
3/10
Foothill Elementary School
Public,•PK-5•1.1mi
4/10
Myra Linn Elementary School
Public,•K-5•1.5mi
4/10
Collett Elementary School
Public,•PK-5•2.0mi
3/10
Chemawa Middle School
Public,•7-8•0.7mi
3/10
Wells Middle School
Public,•6-8•1.4mi
6/10
Arizona Middle School
Public,•6-8•2.6mi
5/10
Arlington High School
Public,•9-12•1.3mi
4/10
Norte Vista High School
Public,•9-12•2.2mi
4/10
La Sierra High School
Public,•9-12•2.3mi
Condition Rating
Poor
Built in 1962, the property's kitchen features dated wood cabinets and an older aesthetic, requiring a full renovation. The bathroom is severely outdated with distinct blue and black tile, strongly suggesting a renovation from 30-50+ years ago, and would require a complete gut and remodel. While the roof and central heating/AC are newer, these critical interior spaces require substantial rehabilitation to meet current standards and appeal, pushing the overall condition into the 'poor' category despite being livable.
Pros & Cons
Pros
Income-Generating Duplex: The property is a duplex, offering two distinct units for rental income, appealing to investors or owner-occupants seeking passive income.
Desirable Amenity (Pool): Includes a pool, a highly sought-after feature that enhances property value and tenant appeal, especially in warmer climates.
Key Capital Improvements: Features a newer roof and central heating and AC, reducing immediate capital expenditure and maintenance concerns for a new owner.
Tenant-Centric Unit Features: Each unit boasts a private garage and fenced yard, providing valuable amenities for tenants such as privacy, storage, and parking.
Established Tenancy: Benefits from 'great long term tenants,' indicating stable occupancy and reliable rental income with potentially lower turnover costs.
Cons
Property Age: Built in 1962, the property is over 60 years old, potentially indicating older infrastructure (e.g., plumbing, electrical) not explicitly updated in the description.
Potential for Under-Market Rents: The presence of 'long term tenants' may suggest current rents are below market value, limiting immediate income optimization for a new investor without rent adjustments.
Unspecified Interior Condition: The description lacks specific details on the interior condition or recent renovations of the units, implying potential for dated finishes or necessary cosmetic upgrades.