$1,390,000
Est. payment /mo
6 Beds
5 Baths
9,148 Sqft Lot
Pending
6869 Marguerita Riverside, CA 92506
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID IV26116704
Bedrooms 6
Lot Size 9,148 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
ANOTHER INCREDIBLE 4 UNIT GARDEN STYLE PROPERTY ! If you are looking for a beautiful investment property, then this one is for you. This is a once in a lifetime opportunity to buy units that are new construction. Riverside is a Pro Housing city and a great place to invest in multi-family, we love landlords here. You can 1031 exchange yourself out of your current headache in Los Angeles and invest in a city that welcomes new growth and opportunity. All units are vacant. Set your own market rents. Close escrow and rent them out immediately, no work to be done. Most investment properties on the market are old and are in need of major repair with illegal units. There is no deferred maintenance on this property. There are no recorded covenants or restrictions from the city on this property. You can AirBNB or run it as a different business. This property is located on an expansive lot. **The main house in the front is the original home but re-imaged with new kitchen, white shaker cabinets, quartz countertops, remolded bathroom, luxury vinyl flooring, new ducted mini-split a/c and heating system, new roof, new stucco. Very spacious, consisting of 2 bedrooms and 1 bathroom. (Pics of the front unit coming soon). The front yard has been re-soded with new grass. The other 3 units are Brand New Construction, all electric and Solar ready. They consist of 9 ft ceilings, the same beautiful white shaker cabinets, quartz counter tops, luxury vinyl flooring, and all appliances except the refrigerators, black accent finishes throughout, ceiling fans, and separate room for washer/dryer hookups
Location
State CA
County Riverside
Zoning Assessor
Direction East of Mary / South of Indiana
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 229123010
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by ROBIN RICHARD, DRE#01194371 INLAND CITIES REALTY
NEARBY SCHOOL & BUSINESS
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