11707 Hazeldell Drive
252 - Riverside Riverside 92505

$658,888
Residential Income built: 1947

Main Photo: 11707 Hazeldell Drive in Riverside: Residential Income for sale (252 - Riverside)  : MLS®# OC21086888
Status:
Active
Prop. Type:
Residential Income
MLS® Num:
OC21086888
Year Built:
1947
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" which is located at front of this property and for other persons as well. This property have been divided into 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. Rents to be increased at Close of Escrow as follows Unit "A" $1,400, Unit "B" $1,300 and Unit "C" now at $$1,100 Total projected Income of $3,800 per month. The main House lower level is Unit "A" with 2 bedrooms, 1 full bath, kitchen with laundry area and breakfast area, Very X-large Living room and Dining area. The second level is Unit "B" is very spacious with 2 bedrooms, one very large bedroom, full bath, plus another bedroom and 3/4 bath and a large kitchen with laundry area , Dining Room, and new flooring all through out the house. Unit "C" this is an independent separate Suite built on top of the 21/2 car garage with an spectacular view!!! 1 bedroom with 3/4 bath plus Living Room, Dining area and Kitchen .Also a very wide and long driveway with plenty of parking space. Also, this property offers a 2.5 car garage size with water access and a new set of doors. 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" All interested parties must be Pre-Qualify by P.C. Funding Inc. Giovanni Alvarez before showing the property or call Listing Agent for his information and phone access. Listing Agent has not confirm or verified all these information as stated by Seller, Seller confirm that this property is considered "Legal Non-Conforming" with the City of Riverside due to the year built in 1947. We encourage Buyers and Agents to do their own investigation and due diligence with the City. 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
Property Sub Type:
Triplex
Property Attached:
No
Lot Area:
8,712 sq. ft.
Bathrooms:
- (Full:-, Half:-)
Year built:
1947 (Age: 74)
General Listing Location:
1947 (Age: 74)
County Or Parish:
Riverside
Tenant Pays:
All Utilities, Cable TV, Electricity, Gas
Common Interest:
None
Gross Income:
3280.0
Gross Scheduled Income:
49200.0
Net Operating Income:
46543.0
Rent Control:
No
Total Actual Rent:
3800.0
Association Fee:
0.0
Land Lease:
No
Electric Expense:
567.0
Fuel Expense:
1.0
Gardener expense:
600.00
Insurance Expense:
888.0
Taxes expense:
2282.0
Operating Expense:
26577.0
Other Expense:
1488.0
Trash Expense:
300.0
Water and Sewer Expense:
640.0
Vacancy Allowance Rate:
10.0
Tax Lot:
9
91 Fwy East exit Pierce St go North on Riverwalk Parkway
-
Bedroom
0 × 0
-
-
Kitchen
0 × 0
-
View:
Neighborhood
Number of Buildings:
2
# of Electric Meters:
1
# of Gas Meters:
1
# of Water Meters:
1
# Units Leased:
3
Community Features:
Foothills
Senior Community:
No
Interior Features:
Bedroom on Main Level
Laundry Features:
Inside
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Corner Lot
Fireplace Features:
Dining Room, Kitchen, Living Room, Master Bedroom
Association Amenities:
Barbecue, Picnic Area, Trail(s)
Levels:
Two
Num Stories:
2
New Constr.:
No
Common Walls:
No Common Walls
# Units:
3
Heating:
None
Fireplace:
Yes
Utilities:
Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Garage Spaces:
2
Uncovered Spaces:
8
Total Parking Spaces:
10
Special Listing Conditions:
Trust
Parcel Number:
141191039
Zoning:
R1065
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Data was last updated June 21, 2021 at 02:40 PM (UTC)