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3561 Russell Street

Riverside, CA 92501

– beds
– baths
– sqft
10,890 sqft lot
1949 build
– on site

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!

Listed By CRMLS_CA / Robert Esparza / Transunited Realty Group / 7147157466

Last checked: Checking… • Last updated Dec 16, 2024 •

MLS# PW24207635 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1949
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

1101.00
Building Area Units:

Square Feet
Total Number Of Units:

2
# of Buildings:

1
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

1

Interior

Levels:

One
Entry Location:

Front
Room Type:

All Bedrooms Down
Fireplace:

No
Fireplace:

None
Laundry:

Gas Dryer Hookup, Washer Hookup
Laundry:

1

Location

Directions:

60fwy , exit main st, Russell St- Left
Latitude:

33.99453300
Longitude:

-117.36359100

The Property

Property Type:

Residential Income
Subtype:

Duplex
Property Condition:

Updated/Remodeled
Zoning:

A1
Lot Features:

2-5 Units/Acre
Lot Size Area:

10890.0000
Lot Size Acres:

0.2500
Lot Size SqFt:

10890.00
Lot Size Source:

Assessor
View:

None
Fencing:

None
Fence:

No
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

2
Tax Census Tract:

301.03
Tax Lot:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

209080003
Showings Begin:

2024-10-17

Heating & Cooling

Heating:

None
Cooling:

No
Cooling:

None

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Driveway, Garage, Street
Parking Spaces:

2.00
Garage Spaces:

2.00

Extra Units

Average 1 Bed Area:

1
Average 2 Bed Area:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/3/24 Dec 3, 2024	Pending	CRMLS_CA	$649,000
11/5/24 Nov 5, 2024	Sold Subject To Contingencies	CRMLS_CA	$649,000
10/17/24 Oct 17, 2024	Listed / Active	CRMLS_CA	$649,000	20.2%

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This multifamily located in North Riverside, Riverside, CA 92501 is currently pending sale for $649,000. 3561 Russell Street is a – square foot multifamily with – beds and – baths that has been on Estately for 65 days. 3561 Russell Street is in the North Riverside neighborhood of Riverside and has a WalkScore® of 52, making it somewhat walkable. This multifamily is in the attendance area of Fremont Elementary School, Central Middle School, and Poly High School.

Listing Courtesy of: CRMLS_CA and Transunited Realty Group. Based on information from California Regional Multiple Listing Service, Inc. as of 23:56 on Dec 20.

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.