3717 Roosevelt Street, Riverside

$950,000

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2 Beds
1 Bath
.21 Acre
0 Garage

Portfolio Sale Opportunity: This property is available for Individual Purchase or as part of a Portfolio Sale with 394 W. 17th Street, San Bernardino and 27205 Main Street, Highland. We are proud to present an exceptional opportunity to acquire a well-maintained 3+1 unit property located at 3717 Roosevelt Street in Riverside. This ±2,764 SF building sits on a generous ±9,148 SF lot and is conveniently located near the intersection of Magnolia Avenue and Van Buren Boulevard.

The property boasts a convenient location within walking distance of the Arlington Library and is within a close proximity to popular destinations like the Tyler Galleria Mall, Cal Baptist University and La Sierra University with easy access to the 91 Freeway, La Sierra Metrolink train station, Downtown Riverside, and a variety of shopping centers, restaurants, and retailers, all just a short distance away. Showcasing mature and lush landscaping, 3717 Roosevelt resides on a palm tree-lined street. The property features surface vehicle parking and ample street parking. Some units have been updated and feature kitchens with appliances, tile flooring throughout, wall air conditioning and heating, security screen doors, ceiling fans and private patios, porches and front and back yards. Neighboring cities include Corona, Norco, Woodcrest, Pedley, Jurupa Valley, Eastvale, Colton, San Bernardino and Moreno Valley. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3717 Roosevelt Street is an admirable Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

Essential Information

MLS® #
CV24055922
Price
$950,000
Bedrooms
2
Bathrooms
1.00
Acres
0.21
Year Built
1966
Type
Residential Income
Sub-Type
Apartment
Status
Active Under Contract

Community Information

Address
3717 Roosevelt Street
Area
252 - Riverside
City
Riverside
County
Riverside
Zip Code
92503
Community Features
Curbs, Sidewalks
Senior Community
N

Amenities

Parking Spaces
6
Pool
None

Interior

Heating
Wall Furnace
Cooling
Wall/Window Unit(s)
# of Stories
2
Stories
One, Two

Exterior

Lot Description
2-5 Units/Acre, Landscaped

Additional Information

Date Listed
March 20th, 2024
Days on Market
35
Zoning
R3

Listing Details

Agent
Eric Chen
Office
CB RICHARD ELLIS
Property History
Status Changed from Active to Active Under Contract

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.