$510,000
●
House -
Off Market
1288 N Orange Street
Riverside, CA 92501
2 Beds
1 Bath
996 Ft²
$2,578
Est. Monthly
About This Property
Lots of opportunity with this property. Sitting on over .5 acres of
useable land and currently a 2 bedroom, 1 bathroom home with a
detached garage and a studio at the back with it's own bathroom
(buyer to verify any and all permits).This property can be
purchased with the adjacent parcel next door (1314 N. Orange
Street, asking price of $649,900). Located at the northern gateway
into the city of Riverside. This area is known for it's history,
environmental resources, and strong community connection, the
Northside is one of the city's oldest neighborhoods. These homes
are located within the Northside Specific Plan which is a major
focus of growth and development within the city. Don't miss
this opportunity to invest in Riverside's future.
Unit Size
996 Ft²
Days on Market
162 days
Land Size
0.51 acres
Price per sqft
$527
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1938
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #IV24207827)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 18, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Listed by Windermere Tower Properties | $525,000 | |
| Listed by Windermere Tower Properties | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Northside
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: BRENT LEE, Windermere Tower Properties
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV24207827
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV24207827
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