We have sold a property at 11707 Hazeldell Drive in Riverside.
" BEST LOCATION in RIVERSIDE " This Property a 2 story home have been used by the owners as a "Rental Income Property" where the front of the property have been Updated and always used as Rental for Students from "La Sierra University" which is located at front of this property and for other persons as well. This property have the main house and a separate Guest House un top of a 2.5 car garage in the back of the property. Current Tenants have been there for many years at a very low Rents. Rents to be increased at Close of Escrow as follows $$2,700 plus Guest House $1,100 presently able to show anytime. Total projected Income of $3,800 per month. The lower level with a very large Living room with fireplace plus a dining area plus 3 very large bedrooms, 1 full bath plus a 3/4 bath, Large kitchen and breakfast area, The upstairs is is very spacious with 1 very large bedroom, and a full bath, plus another extra room "Den" , and new flooring all through out the house. Guest House is an independent separate Suite built on top of the 3 car garage with an spectacular view!!! 1 bedroom with 3/4 bath plus Living Room, Dining and Kitchen area. Also a very wide and long driveway with plenty of parking up to 10 cars. Also, this property offers a 2.5 car garage size with a new water heater and a new set of rolling garage doors. Therefore! this property is located on a large corner lot covering 2 lots (Lot 10 and Lot 11) with 8,712 SqFt Good privacy with neighbors in the back and the left side only. This property and facing " La Sierra" University. Please! contact Listing Agent make an Offer subject to Inspection. Please DO NOT disturb tenants living on the property. Due to COVI-19 Sellers request to interested parties to make Offers Subject to Inspection from Pre-Approved Buyers with "Proof of Funds" All interested parties must be Pre-Qualify by P.C. Funding Inc. Giovanni Alvarez or call Listing Agent for his information and phone access. Listing Agent has not confirm or verified all these information as stated by Seller, CASH Offers are Welcome! 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