4603 Jurupa Avenue, Riverside, California 92506, Riverside, 92506 - bed, bath
ACTIVE$905,000
4603 Jurupa Avenue, Riverside, California 92506
0Bed
0Bath
2,088Sqft
16,553Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Income Property: Comprising three bungalow-style apartment homes, this property offers immediate rental income potential, making it attractive for both investors and owner-residents seeking diversified revenue streams.
Top Cons:
Age of Property: Built in 1955, the property is nearly 70 years old, which may imply potential for older infrastructure (e.g., plumbing, electrical systems not explicitly mentioned as upgraded) that could require future maintenance or replacement.
Compared to the nearby listings
Price:$905.0K vs avg $905.0K (+$0)50%
Size:2,088 sqft vs avg 2,448 sqft40%
Price/sqft:$433 vs avg $43350%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this property has been 'recently modernized' with significant upgrades including new floors, appliances, and bathroom vanities, as well as newer dual-paned windows. The interior image shows fresh paint and new flooring, indicating a move-in ready condition. While the original structure is older, the extensive renovations bring its condition up to a 'good' standard. The presence of window AC units instead of central HVAC is a minor detractor from an 'excellent' rating, but the overall recent updates make it a well-maintained property with minimal wear and tear.
Year Built
1955
Close
-
List price
$905K
Original List price
$929K
Price/Sqft
$433
HOA
-
Days on market
-
Sold On
-
MLS number
PW25095760
Home ConditionGood
Features
View-
About this home
Perfect for Investors and Owner residents, available for sale are three bungalow style apartment homes situated on an oversized lot, located in the Historic Wood's Street suburb of Riverside, CA. Recently modernized, the exterior has received new automated garage door as well as newer dual paned windows. Interiors have also received upgrades with new floors, appliances, and bathroom vanities. Possible additional upside in income by converting three existing garages into A.D.U.'s (Buyer to verify)
Nearby schools
6/10
Pachappa Elementary School
Public,•PK-6•1.0mi
5/10
Alcott Elementary School
Public,•K-6•2.3mi
5/10
Bryant Elementary School
Public,•K-6•2.4mi
4/10
Sierra Middle School
Public,•7-8•0.7mi
2/10
Central Middle School
Public,•7-8•1.3mi
5/10
Ramona High School
Public,•9-12•1.7mi
7/10
Polytechnic High School
Public,•9-12•2.0mi
Condition Rating
Good
Built in 1955, this property has been 'recently modernized' with significant upgrades including new floors, appliances, and bathroom vanities, as well as newer dual-paned windows. The interior image shows fresh paint and new flooring, indicating a move-in ready condition. While the original structure is older, the extensive renovations bring its condition up to a 'good' standard. The presence of window AC units instead of central HVAC is a minor detractor from an 'excellent' rating, but the overall recent updates make it a well-maintained property with minimal wear and tear.
Pros & Cons
Pros
Multi-Unit Income Property: Comprising three bungalow-style apartment homes, this property offers immediate rental income potential, making it attractive for both investors and owner-residents seeking diversified revenue streams.
Significant Value-Add Potential: The property presents a substantial opportunity to increase income and value by converting the three existing garages into Accessory Dwelling Units (ADUs), subject to buyer verification and local regulations.
Recent Modernizations: The property has undergone extensive recent upgrades, including new automated garage doors, newer dual-paned windows, new flooring, appliances, and bathroom vanities, enhancing its appeal and reducing immediate maintenance needs.
Oversized Lot: Situated on a generous 16,553 sqft lot, the property offers ample outdoor space, potential for additional amenities, or future expansion possibilities (subject to zoning and permits).
Desirable Historic Neighborhood: Located in the Historic Wood's Street suburb of Riverside, the property benefits from a charming and established neighborhood, which can contribute to stable tenant demand and property appreciation.
Cons
Age of Property: Built in 1955, the property is nearly 70 years old, which may imply potential for older infrastructure (e.g., plumbing, electrical systems not explicitly mentioned as upgraded) that could require future maintenance or replacement.
ADU Conversion Costs & Verification: While offering significant upside, the conversion of garages to ADUs will require substantial capital investment, permits, and buyer due diligence to verify feasibility and associated costs, which can be a complex and expensive undertaking.
Mixed School Ratings: The property is located near schools with varying ratings, including some lower-rated options (e.g., Central Middle School with a rating of 2), which could be a consideration for families prioritizing top-tier public education.