3717 Roosevelt, Riverside, CA 92503
3717 Roosevelt, Riverside, CA 92503
3717 Roosevelt, Riverside, CA 92503
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$1,100,000
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9,147 Sqft Lot
Active Under Contract

3717 Roosevelt Riverside, CA 92503

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John Alagna

John Alagna

+1(909) 821-2781

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID IV26090701

HOA Y/N No

Year Built 1966

Lot Size 9,147 Sqft

Property Sub-Type Apartment

Property Description

3717 Roosevelt Street presents a well-located 3+1 multifamily opportunity in one of Riverside's most stable residential corridors. The property consists of three 2-bed / 1-bath units plus and additional non-conforming 2-bed / 1-bath unit, offering an attractive unit mix and strong income potential. Current rents remain slightly below market, providing a clear path to upside through standard turnover and light interior improvements, with pro forma gross income projected at $100,800 annually. Operating costs are lean, and the 1960s construction profile supports efficient, predictable management with minimal deferred maintenance concerns. Positioned near major employment centers, retail hubs, and key transportation routes, the asset delivers a compelling blend of stability, cash-flow growth, and long-term appreciation-making it an ideal acquisition for investors seeking well-located, manageable multifamily in the heart of Riverside.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Heating Central

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Curbs, Street Lights, Sidewalks

Private Pool No

Building

Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Yard

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 234112013

Energy Description 200.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by DARREN CORREA LE INVESTMENT GROUP 714-310-2840, DRE #02066621

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John Alagna

John Alagna

Agent | License ID: 02073190

+1(909) 821-2781

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3717 Roosevelt