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Sold for $1,891,450 on 04/04/25
  • Listing Provided by: 

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with: NONMEMBER MRML
    $1,891,450

    3520 Crestmore Rd, Riverside, CA 92509

    22beds
    10baths
    6,702sqft
    Multi Family
    Built in 1947
    -- sqft lot
    $1,845,800 Zestimate®
    $282/sqft
    $1,973 Estimated rent

    Home value

    $1,845,800

    $1.66M - $2.05M

    $1,973/mo

    Zestimate® history
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    $11,882/mo

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    $11,882/mo

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    What's special

    We are proud to exclusively present a unique 8-unit + 1-non-conforming-unit multifamily investment opportunity located at 3520 Crestmore Road in Jurupa Valley, CA. Situated just west of the thriving Downtown Riverside, this property benefits from its strategic position north of Mission Avenue and west of the Santa Ana River, as well as its proximity to major freeways (60, 91 and 215). 3520 Crestmore Road offer investors a rare chance to acquire a large, oversized lot comprised of individual bungalow style houses within in a well sought-after neighborhood. 3520 Crestmore Road consist of ±6,702 rental square feet with an additional 1,200 non-conforming rental square feet on a ±78,408 square foot lot. The property features low-maintenance landscaping, tenant-paid-for utilities, professional management, ample off-street parking, mountain views, and an oversized lot with the potential ability to add Accessory Dwelling Units (buyer to verify with city). Individual units feature a private detached garages (in select units), individual storage units (in select units), in-unit washers and dryers, air conditioning and heating, and private fenced in yards. Riverside’s strategic location within Southern California positions it as a compelling destination for working professionals. The city’s convenient access to major freeways like the 60, 91, and 215 offers seamless connectivity to Riverside County, San Bernardino County, Los Angeles County, and beyond. This prime location, coupled with a dynamic community, draws a diverse talent pool. Top employers in the healthcare, manufacturing, retail, education and government industries, contribute to Riverside’s thriving economy. The city’s cost of living, while competitive with other Southern California areas, makes it an attractive option for working-class professionals seeking a balance between affordability and quality of life. Residents also enjoy easy access to a variety of cultural attractions within a 20-mile radius. These include the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the convenient Downtown Metrolink Station, the iconic Riverside Fox Theatre, Riverside City College, and the prestigious University of California, Riverside. This combination of career opportunities, cultural amenities, and a strategic location makes Riverside a highly sought-after place to live and work.

    Zillow last checked: 8 hours ago

    Listing updated: April 06, 2025 at 03:15pm

    Listing Provided by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    General NONMEMBER, DRE #01923766

    NONMEMBER MRML

    Source: CRMLS,MLS#: CV24251686MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 22
    • Bathrooms: 10
    Heating
    • Central, Wall Furnace
    Cooling
    • Central Air, Wall/Window Unit(s)
    Appliances
    • Included: Dryer, Washer
    • Laundry: Inside
    Features
    • Flooring: Tile, Vinyl
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 6,702
    • Total interior livable area: 6,702 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 1.80 Acres
    • Features: 6-10 Units/Acre
    Details
    • Parcel number: 179320045
    • Zoning: A-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1947

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks
    Location
    • Region: Riverside

    HOA & financial

    Other financial information
    • Total actual rent: 177120

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    4/4/2025Sold$1,891,450-7.7%$282/sqft
    Source: CRMLS #CV24251686
    4/2/2025Pending sale$2,050,000$306/sqft
    Source: CRMLS #CV24251686
    1/22/2025Contingent$2,050,000$306/sqft
    Source: CRMLS #CV24251686
    12/19/2024Listed for sale$2,050,000$306/sqft
    Source: CRMLS #CV24251686
    4/5/2024Listing removed--
    Source: CRMLS #EV24052101

    Public tax history

    Tax history is unavailable.

    Neighborhood: Rubidoux

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $1,845,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,845,800