3561 Russell Street
Riverside, CA 92501
0.25 acres | #PW24207635
Description
Duplex (2 Units) Near Downtown Riverside
Unlock the potential of this duplex, ideally situated near downtown Riverside and the newly developed Exchange mixed-use area! This property offers a unique opportunity for investors, with the added possibility of constructing an Accessory Dwelling Unit (ADU).
Prime Location: Located within an Opportunity Zone (buyer to verify), this duplex is just moments from downtown Riverside's vibrant amenities, entertainment, and cultural landmarks. Enjoy being within walking distance to the Historic Mission Inn, Riverside Art Museum, and the lively Main Street. Whether it's dining at local restaurants, shopping, or experiencing the renowned Festival of Lights, this location has it all.
ADU Potential: The property features a detached garage, which can be converted into an ADU studio, offering even more flexibility for rental income or personal use. Additionally, the expansive lot provides room to explore the option of constructing one or more additional ADUs—perfect for extended family or a home office. The property also includes 2 gas meters, 1 electric meter, and 1 water meter.
Investment Opportunity: This property presents a promising opportunity for investors, located in a high-demand rental area. With over 10,000 square feet of land, there’s plenty of space for further development. Pro forma rent is an estimate only (buyer to verify through their own research).
Important Buyer Information:
Zoned R1-7000 SFR, per the City of Riverside (buyer to verify)
Buyers are encouraged to conduct due diligence on all matters, including but not limited to property and lot size, permit history, zoning, school assignments, property condition, and metering.
No blind offers, please.
This is a rare opportunity to invest in a growing area with plenty of potential!
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- InteriorAllBedroomsDown
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- MLS #PW24207635
- MLS #PW24207635
- CountyRiverside
- Original List Price$649,000
- Utility SourcePublic
- Cost649000
- Property SubtypeDuplex
- Acres0.25
- Year Built1949
- Stories1
- Parking Spaces2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Robert Esparza (#PWROBESP)
Listing Office: Transunited Realty Group (#PB21805)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
