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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Benjamin Rubalcava, DRE #01877582 • Re/Max Partners

$ 724,999

Est. payment | -/mo

3 Beds

2 Baths

1,781 SqFt

Save

$ 724,999

Est. payment | -/mo

Save

3 Beds

2 Baths

1,781 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 1,781 sqft

Price per Sqft $407

MLS Listing ID CRIG26134128

Bedrooms 3

Full Baths 2

Year Built 1943

Lot Size 7,841 Sqft

Property Sub-Type Single Family Home

Source California Regional MLS

Property Description

Rare Opportunity with Future Upside! This unique property features two beautifully finished homes on one lot, thoughtfully positioned on opposite sides of the property to maximize privacy and functionality. Both residences are fully operational and showcase quality workmanship, creating an ideal setup for multigenerational living, rental income, or owner-occupancy with supplemental income potential. As an added bonus, the seller has already consulted with an architect and obtained conceptual plans illustrating the potential placement of a third home on the property (buyers should verify all development possibilities with the appropriate agencies). Whether you're looking for a turnkey investment, a family compound, or a property with future expansion potential, this offering combines immediate usability with exciting long-term possibilities. Cap rate reflects a stabilized, pro forma analysis based on market rents and reassessed property taxes, resulting in a 5.9% projected return.

Location

State CA

County Riverside

Area 252 - Riverside

Rooms

Kitchen Microwave, Oven - Gas

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Laundry Other

Exterior

Fence 2

Pool 31, None

View Local/Neighborhood

Roof Type Shingle

Building

Story One Story

Water District - Public

Others

Tax ID 221051020

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

4187 Dwight AVE Riverside, CA 92507