3335 3rd Street, Riverside, California 92501, Riverside, 92501 - 4 bed, 3 bath
ACTIVE$675,000
3335 3rd Street, Riverside, California 92501
4Beds
3Baths
1,395Sqft
6,098Lot
Year Built
1910
Close
-
List price
$675K
Original List price
$695K
Price/Sqft
$484
HOA
-
Days on market
-
Sold On
-
MLS number
AR25046000
Home ConditionExcellent
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $675.0K(64th), sqft - 1395(18th), beds - 4(64th), baths - 3(64th).
The property has two units - one with 2 bedrooms - one and a half bathrooms - the second has two bedrooms and one bathroom - there is land for an AdU - the seller has the plans and gives them to the buyer and in addition the entire structure was repaired from the foundation - with roof permits new floors, new electricity and new plumbing, new kitchen, all with permits Each one has a central climate
Condition Rating
Excellent
Despite being built in 1910, this property has undergone an extensive and recent renovation, as explicitly stated in the description: 'the entire structure was repaired from the foundation - with roof permits new floors, new electricity and new plumbing, new kitchen, all with permits.' The images confirm modern updates throughout, including new laminate flooring, fresh paint, modern light fixtures, new grey shaker cabinets, and granite countertops in the kitchen. Each unit also features central climate control. The property appears virtually new inside, meeting current quality standards with no visible deferred maintenance, aligning with the 'Excellent' criteria for a fully renovated property.
Pros & Cons
Pros
Income-Generating Duplex: The property features two distinct units (2 bed/1.5 bath and 2 bed/1 bath), offering immediate rental income potential or flexible multi-generational living arrangements.
Comprehensive Renovation: Extensive structural and cosmetic repairs have been completed, including the foundation, roof, new floors, updated electricity, new plumbing, and new kitchens, significantly reducing immediate maintenance concerns for a buyer.
ADU Development Potential: The property includes land suitable for an Accessory Dwelling Unit (ADU), with the seller providing existing plans, which offers significant future value appreciation and increased income potential.
Permitted Upgrades: All major renovations, including foundation, roof, electrical, plumbing, and kitchen, were completed with permits, ensuring compliance with building codes and quality of work.
Modern Comforts: Each unit is equipped with central climate control, providing essential comfort and a desirable amenity for residents in the Riverside climate.
Cons
Historic Property Age Perception: Despite extensive renovations, the property's original build year of 1910 might still raise concerns for some buyers regarding the long-term integrity or potential for unforeseen issues not explicitly covered by the recent repairs.
Compact Living Spaces: With a total of 1395 sqft split between two 2-bedroom units, the individual living areas are relatively modest, which may limit appeal to tenants or owner-occupants desiring more spacious accommodations.
Absence of Scenic Views: The property description explicitly states 'view: None,' which could be a minor disadvantage for buyers who prioritize properties with scenic outlooks or desirable vistas.