5787 Warren Street, Riverside, California 92503, Riverside, 92503 - bed, bath

5787 Warren Street, Riverside, California 92503 home-pic-0
ACTIVE$945,000
5787 Warren Street, Riverside, California 92503
0Bed
0Bath
1,890Sqft
6,534Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income Potential: The property features three separate units on one lot, providing significant income potential through renting out two units while living in the third.
Top Cons:
Age of Property: Built in 1955, the property may require ongoing maintenance and potential upgrades due to its age.

Compared to the nearby listings

Price:$945.0K vs avg $685.8K (+$259,250)83%
Size:1,890 sqft vs avg 1,758 sqft67%
Price/sqft:$500 vs avg $37792%

More Insights

Built in 1955 (70 years old).
Condition: The property was built in 1955. The kitchens appear dated with older cabinets and appliances. The bathrooms show some updates, particularly the tiling in one, but the fixtures and overall style suggest a renovation that occurred some time ago. While the property seems maintained, it requires minor updates to bring it up to modern standards.
Year Built
1955
Close
-
List price
$945K
Original List price
$995K
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
PW25063013
Home ConditionFair
Features
Good View:
Patio
View-

About this home

A must see move-in 3 unit property in one lot! Live in one and rent the other 2 for extra income. Property includes: Front house; 2 bedrooms, 2 baths with tile flooring and has its own private yard, own laundry access, separate electric and gas meter. 2nd unit is a 1 bedroom, 1 bath, has it's own laundry area and small yard. 3rd unit is a separate house in the back, 2 bedrooms, 1 bath, has its own laundry area, small yard. Long driveway for RV access or additional parking. Newer roof. New fencing all around the property. Each unit has covered car ports for parking. Large storage shed included in the sale of the property. Walking distance to schools, parks and stores. Plenty of parking on the street. Front doors for the front units are facing East/West.

Condition Rating
Fair

The property was built in 1955. The kitchens appear dated with older cabinets and appliances. The bathrooms show some updates, particularly the tiling in one, but the fixtures and overall style suggest a renovation that occurred some time ago. While the property seems maintained, it requires minor updates to bring it up to modern standards.
Pros & Cons

Pros

Income Potential: The property features three separate units on one lot, providing significant income potential through renting out two units while living in the third.
Separate Utilities: The front house has separate electric and gas meters, simplifying tenant management and utility billing.
Parking: Long driveway for RV access or additional parking, plus covered carports for each unit, addressing a common tenant need.
Recent Upgrades: Newer roof and new fencing around the property enhance its value and reduce immediate maintenance concerns.
Location: Walking distance to schools, parks, and stores, making it attractive to families and tenants seeking convenience.

Cons

Age of Property: Built in 1955, the property may require ongoing maintenance and potential upgrades due to its age.
Potential Management Overhead: Managing three separate units can be time-consuming and may require professional property management services.
Unit Sizes: One unit is a 1 bedroom, which may limit its appeal to certain tenant demographics compared to larger units.

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