We have listed a new property at 11707 Hazeldell Drive in Riverside.
This is a building that have been always used by the owners as an "Income Property" where the main house have been Updated and always used as Rental for Students from "La Sierra University" or other persons as well. This property have been divided in Unit A, Unit B and a separate Suite Unit C on top of the garage in the back of the property. Current Tenants have been there for many years at a very low Rents.
The main House lower level is Unit "A" with 2 bedrooms, 1 full bath, kitchen with Living room and Dining room. The second level is Unit "B" is very large with 2 bedrooms, one is a Master bedroom plus another bedroom with a 3/4 bath, Living Room, Dining Room, Kitchen, Laundry room and new flooring all through out the house. Unit "C" this is an independent separate Suite built on top of the 2 car garage with 1 bedroom with 3/4 bath plus Living Room, Dining Room and Kitchen plus a 2 car garage.Also a very large driveway with plenty of parking space.
Therefore this property offers 5 bedrooms and 4 baths, located on a large corner lot for more privacy with neighbors in the back and the left side of the property and facing " La Sierra" University. Please! contact Listing Agent for access or any additional information.
Please! DO NOT disturb Tenants. Due to COVI-19 Sellers request Offers Subject to Inspection from Pre-Approved Buyers with "Proof of Funds"
This is a great opportunity for an aggressive Investor. At current Updated Market Rents this property can reach 7.5% Cap Rate for an Investor