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Key Details
Sold Price $595,000
Property Type Townhouse
Sub Type Townhome
Listing Status Sold
Purchase Type For Sale
Square Footage 1,273 sqft
Price per Sqft $467
MLS Listing ID CV25052736
Style Craftsman/Bungalow
Bedrooms 2
Full Baths 2
Year Built 1943
Property Sub-Type Townhome
Property Description
Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Banks Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of
Location
State CA
County Riverside
Zoning R2
Interior
Heating Wall/Gravity
Cooling Wall/Window
Flooring Tile
Laundry Electric, Washer Hookup
Exterior
Parking Features Garage - Single Door, Garage Door Opener
Garage Spaces 2.0
Fence Wood
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Mountains/Hills
Roof Type Composition,Shingle
Building
Story 1
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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