9330 9332 Saffron Court, Riverside, California 92503, Riverside, 92503 - bed, bath
ACTIVE$850,000$1,768/sqft
9330 9332 Saffron Court, Riverside, California 92503
0Bed
0Bath
1,768Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Turnkey Investment: The property is a fully rented duplex with tenants in place, offering immediate and stable rental income from day one.
Top Cons:
Month-to-Month Tenancy: Current long-term tenants are on month-to-month leases, which provides flexibility but also introduces potential for higher turnover or vacancy risk compared to fixed-term leases.
Compared to the nearby listings
Price:$850.0K vs avg $710.0K (+$140,000)82%
Size:1,768 sqft vs avg 1,758 sqft55%
Price/sqft:$481 vs avg $38491%
More Insights
Built in 1960 (66 years old).
Condition: Built in 1960, the property is aged but appears well-maintained with recent cosmetic updates like laminate flooring and fresh paint. However, the kitchens and bathrooms in both units are significantly outdated with older cabinets, basic appliances (some missing), and dated fixtures. The presence of wall heaters and window AC units indicates a lack of central HVAC, which is a major system update needed. While functional and tenant-ready, it requires substantial updates to kitchens, bathrooms, and HVAC to meet modern standards.
Year Built
1960
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$481
HOA
-
Days on market
-
Sold On
-
MLS number
ND25282263
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Great turnkey investment opportunity in a central Riverside location. This fully rented duplex features two units, each offering 2 bedrooms and 1 bathroom with generous closet space and interior laundry hookups. Each unit includes two dedicated parking spaces and access to a shared outdoor area with individual dog runs. Long-term tenants are month-to-month. This property will be sold with tenants in place, providing immediate, stable rental income. An excellent income property with strong cash flow and long-term appreciation potential. Seller financing available.
K
Kristine Brown
Listing Agent
Nearby schools
4/10
Liberty Elementary School
Public,•PK-6•0.5mi
4/10
Jackson Elementary School
Public,•PK-6•0.6mi
3/10
Foothill Elementary School
Public,•PK-5•1.0mi
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•1.3mi
6/10
Arizona Middle School
Public,•6-8•2.7mi
5/10
Arlington High School
Public,•9-12•1.5mi
4/10
Norte Vista High School
Public,•9-12•2.1mi
4/10
La Sierra High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
07/08/19
Sold
$392,000
Condition Rating
Fair
Built in 1960, the property is aged but appears well-maintained with recent cosmetic updates like laminate flooring and fresh paint. However, the kitchens and bathrooms in both units are significantly outdated with older cabinets, basic appliances (some missing), and dated fixtures. The presence of wall heaters and window AC units indicates a lack of central HVAC, which is a major system update needed. While functional and tenant-ready, it requires substantial updates to kitchens, bathrooms, and HVAC to meet modern standards.
Pros & Cons
Pros
Turnkey Investment: The property is a fully rented duplex with tenants in place, offering immediate and stable rental income from day one.
Strong Financial Potential: Explicitly described as an excellent income property with strong cash flow and long-term appreciation potential, appealing to investors.
Central Location: Situated in a central Riverside location, which typically offers good tenant demand and access to amenities.
Desirable Unit Features: Each 2-bedroom, 1-bathroom unit includes generous closet space, interior laundry hookups, two dedicated parking spaces, and access to a shared outdoor area with individual dog runs, enhancing tenant appeal.
Seller Financing Option: The availability of seller financing can significantly broaden the pool of potential buyers and facilitate the transaction.
Cons
Month-to-Month Tenancy: Current long-term tenants are on month-to-month leases, which provides flexibility but also introduces potential for higher turnover or vacancy risk compared to fixed-term leases.
Property Age: Built in 1960, the property's age may imply older infrastructure and systems that could require significant capital expenditures for maintenance or upgrades in the near future.
Lack of Renovation Details: While described as 'turnkey' for income, the listing does not specify any recent renovations or updates to the units, which could mean outdated aesthetics or components that might limit rental upside or attract premium tenants.