1993 Marlborough Avenue, Riverside, California 92507, Riverside, 92507 - bed, bath
ACTIVE UNDER CONTRACT$1,100,000
1993 Marlborough Avenue, Riverside, California 92507
0Bed
0Bath
3,000Sqft
6,970Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Investment Potential: This property features three distinct units (4-bed, 3-bed, and 1-bed ADU) on one lot, offering significant income generation opportunities and flexible living arrangements, ideal for long-term investment or owner-occupancy with rental income.
Top Cons:
Shared Outdoor Space: While there is a beautifully landscaped yard, the description does not specify private outdoor areas for each individual unit, which may be a drawback for tenants seeking exclusive outdoor living space.
Compared to the nearby listings
Price:$1.10M vs avg $717.5K (+$382,500)67%
Size:3,000 sqft vs avg 2,457 sqft83%
Price/sqft:$367 vs avg $37350%
More Insights
Built in 2025 (0 years old).
Condition: This property was built in 2025 and is explicitly described as 'newly built with all of the finest finishes and modern updates.' The images confirm brand new, modern kitchens featuring shaker-style cabinetry (white or dark grey), quartz countertops, stainless steel appliances, and contemporary fixtures like farmhouse sinks and pull-down faucets. Bathrooms are also new and modern. The property boasts new laminate flooring throughout, recessed lighting, energy-efficient HVAC, dual-paned windows, and paid solar panels, indicating no deferred maintenance and minimal physical depreciation. All aspects align perfectly with the 'Excellent' condition criteria.
Year Built
2025
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$367
HOA
-
Days on market
-
Sold On
-
MLS number
OC25240085
Home ConditionExcellent
Features
ViewNeighborhood
About this home
Three homes. One property. Endless possibilities! This property offers 3 units on one lot - perfect for long-term investment. The first home is 1550sf with 4 bedrooms, 2 bathrooms, and an attached 2-car garage - the perfect single-level home! The second unit is a 950sf 3 bedroom/2 bathroom, and the third is a junior ADU with one bed and bath. This property is newly built with all of the finest finishes and modern updates, including open concept living areas, paid solar panels, a beautifully landscaped lawn and yard, dual-paned windows, updated appliances, and energy-efficient HVAC. The kitchens and baths consist of crisp white cabinetry and the floors are sturdy laminate, showcasing the quality of work put into this newly-completed compound. The corner lot affords plenty of parking. Live in one and rent the others, or lease out the whole property - this is a great investment or buy-and-hold opportunity.
Condition Rating
Excellent
This property was built in 2025 and is explicitly described as 'newly built with all of the finest finishes and modern updates.' The images confirm brand new, modern kitchens featuring shaker-style cabinetry (white or dark grey), quartz countertops, stainless steel appliances, and contemporary fixtures like farmhouse sinks and pull-down faucets. Bathrooms are also new and modern. The property boasts new laminate flooring throughout, recessed lighting, energy-efficient HVAC, dual-paned windows, and paid solar panels, indicating no deferred maintenance and minimal physical depreciation. All aspects align perfectly with the 'Excellent' condition criteria.
Pros & Cons
Pros
Multi-Unit Investment Potential: This property features three distinct units (4-bed, 3-bed, and 1-bed ADU) on one lot, offering significant income generation opportunities and flexible living arrangements, ideal for long-term investment or owner-occupancy with rental income.
Brand New Construction: Built in 2025 (or newly completed as per description), the property boasts modern construction standards, ensuring minimal immediate maintenance and contemporary design elements throughout.
Energy Efficiency: Equipped with paid solar panels, dual-paned windows, and energy-efficient HVAC, the property offers reduced utility costs and a smaller environmental footprint, appealing to cost-conscious residents.
Modern Finishes & Open Concept: The interiors feature high-quality, modern finishes, including crisp white cabinetry, sturdy laminate flooring, and open concept living areas, providing an attractive and functional living environment.
Ample Parking & Corner Lot: Positioned on a corner lot, the property provides abundant parking, a crucial amenity for a multi-unit residence, enhancing convenience for all tenants and guests.
Cons
Shared Outdoor Space: While there is a beautifully landscaped yard, the description does not specify private outdoor areas for each individual unit, which may be a drawback for tenants seeking exclusive outdoor living space.
Increased Management Complexity: Managing three separate units, including tenant screening, lease agreements, and maintenance coordination, will require more time and effort compared to a single-family home, potentially necessitating professional property management.
Potential for Noise/Privacy Concerns: With three residential units on a single lot, there is an inherent potential for increased noise transfer and reduced privacy among residents compared to detached housing options.