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3771 Harvill Lane, Riverside, California 92503, Riverside, 92503 - bed, bath

3771 Harvill Lane, Riverside, California 92503 home-pic-0
ACTIVE$1,799,000
3771 Harvill Lane, Riverside, California 92503
0Bed
0Bath
7,340Sqft
10,018Lot
Year Built
1977
Close
-
List price
$1.8M
Original List price
$1.7M
Price/Sqft
$245
HOA
-
Days on market
-
Sold On
-
MLS number
DW25226777
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros.

Exceptional 8-unit 4 (1 bed 1 bath) 2 (2 bed 1 bath) & 2 (3 bed 1 1/2 bath) multifamily property located in the City of Riverside, offering strong rental appeal and desirable amenities. The community features a shared laundry room equipped with an additional water heater, in addition to one main shared water heaters servicing 4 units. The other 4 units have an in-apartment water heater. Each unit is fitted with its own central A/C, providing reliable comfort for tenants. The property also includes 10 garages, plus 4 additional parking spaces offering ample parking options. For added convenience and storage flexibility, there are two on-site storage areas that can be used for maintenance, tenant storage, or rental income potential. This is a rare opportunity to own a well-equipped income-producing property with valuable infrastructure and long-term upside.

Nearby schools

3/10
Phillip M. Stokoe Elementary School
Public,•PK-5•1.5mi
8/10
Lake Hills Elementary School
Public,•K-5•1.7mi
7/10
Corona Ranch Elementary School
Public,•K-6•2.0mi
7/10
Woodrow Wilson Elementary School
Public,•K-6•5.2mi
7/10
Ronald Reagan Elementary
Public,•K-6•6.4mi
5/10
Ysmael Villegas Middle School
Public,•6-8•0.0mi
5/10
Home Gardens Academy
Public,•K-8•1.0mi
7/10
El Cerrito Middle School
Public,•6-8•3.7mi
2/10
Auburndale Intermediate School
Public,•7-8•4.1mi
6/10
Citrus Hills Intermediate School
Public,•7-8•4.8mi
6/10
Hillcrest High School
Public,•9-12•1.3mi
8/10
Centennial High School
Public,•9-12•3.0mi
8/10
Santiago High School
Public,•9-12•4.2mi

Price History

Date
Event
Price
10/17/25
Listing
$1,699,900
10/17/25
Price Change
$1,799,000
Condition Rating
Fair
The property was built in 1977, making it 47 years old. While the units appear clean and maintained, the kitchens feature white cabinets, basic laminate or granite-look countertops, and white appliances that are functional but dated in style. The bathrooms also show older vanity styles, basic fixtures, and tile flooring. The tile flooring throughout the living areas and kitchens, while durable, is not a modern aesthetic. The property has likely undergone some basic refreshes or renovations 15-30 years ago to keep it rentable, but it has not had a recent, extensive renovation. Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Diverse Unit Mix: The property offers a desirable mix of 1-bedroom, 2-bedroom, and 3-bedroom units, catering to a broad tenant demographic and enhancing rental appeal.
Ample Parking: With 10 garages and 4 additional parking spaces for 8 units, the property provides exceptional parking availability, a significant advantage for tenants.
Individual Central A/C: Each unit is equipped with its own central A/C system, offering reliable comfort and individual climate control for tenants, which is a strong amenity.
On-site Amenities: The presence of a shared laundry room and two flexible on-site storage areas adds convenience for tenants and potential for additional income or operational efficiency.
Strong Investment Potential: Explicitly described as an 'income-producing property with valuable infrastructure and long-term upside,' indicating a solid opportunity for investors.

Cons

Property Age & Potential Capital Expenditures: Built in 1977, the property is nearly 50 years old, suggesting that major systems (e.g., roof, plumbing, electrical) may require significant capital investment or upgrades in the near future.
Mixed Water Heater System: While some units have individual water heaters, four units rely on a main shared water heater, which could lead to potential issues with hot water supply, efficiency, or higher operational costs for the landlord.
Proximity to Moderately Rated School: The property is located very close to Ysmael Villegas Middle School, which has a rating of 5, potentially impacting desirability for families prioritizing top-rated educational institutions in the immediate vicinity.

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