6869 Marguerita, Riverside, CA 92506
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Samuel Park

Samuel Park

+1(909) 310-5105
$ 1,390,000
Est. payment /mo
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Pending

6869 Marguerita Riverside, CA 92506

9,147 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

MLS Listing ID IV26116704

HOA Y/N No

Year Built 1952

Lot Size 9,147 Sqft

Property Sub-Type Quadruplex

Property Description

ANOTHER INCREDIBLE 4 UNIT GARDEN STYLE PROPERTY ! If you are looking for a beautiful investment property, then this one is for you. This is a once in a lifetime opportunity to buy units that are new construction. Riverside is a Pro Housing city and a great place to invest in multi-family, we love landlords here. You can 1031 exchange yourself out of your current headache in Los Angeles and invest in a city that welcomes new growth and opportunity. All units are vacant. Set your own market rents. Close escrow and rent them out immediately, no work to be done. Most investment properties on the market are old and are in need of major repair with illegal units. There is no deferred maintenance on this property. There are no recorded covenants or restrictions from the city on this property. You can AirBNB or run it as a different business. This property is located on an expansive lot. **The main house in the front is the original home but re-imaged with new kitchen, white shaker cabinets, quartz countertops, remolded bathroom, luxury vinyl flooring, new ducted mini-split a/c and heating system, new roof, new stucco. Very spacious, consisting of 2 bedrooms and 1 bathroom. (Pics of the front unit coming soon). The front yard has been re-soded with new grass. The other 3 units are Brand New Construction, all electric and Solar ready. They consist of 9 ft ceilings, the same beautiful white shaker cabinets, quartz counter tops, luxury vinyl flooring, and all appliances except the refrigerators, black accent finishes throughout, ceiling fans, and separate room for washer/dryer hookups in each unit. This garden style apartment complex is truly something special and rare as you will not find anything compatible on the market today. These homes were built with 2x6 construction something not heard of in California, your tenants will appreciate having lower utility bills due to the extra thick insulated walls, insulated ceilings and roofs. All 3 units offer EV charging which is a true up sale to your potential tenant. You can't find these types of upgrades in any of the units that are being sold today. The owner only pays water. Tenants pay electric, gas, trash, sewer. Riverside is thriving, close to Downtown Riverside, UCR, RCC, Hospitals, Tyler Mall, 91/15 fwys. This property is truly a rarity and a gem and will not last because it is simply One of a Kind !

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Electric Range, Gas Range, Microwave, Water Heater

Laundry Inside, Laundry Room

Exterior

Pool None

Community Features Urban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 229123010

Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by ROBIN RICHARD INLAND CITIES REALTY 951-642-3642, DRE #01194371

NEARBY SCHOOLS & PROPERTIES

Samuel Park

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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