$545,000
●
House -
Off Market
1662 Palermo
Riverside, CA 92507
3 Beds
2 Baths,
1
Half Bath
1,657 Ft²
$2,901
Est. Monthly
$200
HOA / Fees
About This Property
Come to check out this corner lot property at a tree lined newer
community at 92507. It has a welcoming front porch. When you open
the front door, it is a good size living room. Part of the family
room is converted into a bonus room. Still you have a nice area for
dining by the side of the well lit kitchen. All the other 3
bedrooms are located upstairs along with the laundry room for your
convenience. The master suit has a dual vanity, large walk-in
closet, and a separate shower and tub. It has a larger backyard
than most of the units in the same community. Home owner turns it
into a petite farmland, apples, lemon, dragon fruit, jujube, guava,
corn, chili, tomatoes.... . HOA takes care of front yard
maintenance. Conveniently located less than 5 mins from UCR and
downtown Riverside. Easy access to the 60, 91, and 215 freeways.
Unit Size
1,657 Ft²
Days on Market
54 days
Land Size
0.10 acres
Price per sqft
$332
Property Type
House
Property Taxes
-
HOA Dues
$200
Year Built
2007
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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: 9 months ago (CRMLS #WS25271554)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 28, 2026 | Sold | ||
| Sold | |||
| Dec 25, 2025 | In contract | - | |
| In contract | |||
| Dec 5, 2025 | Listed by A-Z REALTY & INVESTMENT CORP | $549,999 | |
| Listed by A-Z REALTY & INVESTMENT CORP | |||
| Aug 9, 2025 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Jul 14, 2025 | Listed | $585,000 | |
| Listed | |||
| | |||
|
Come to check out this corner lot property at a tree lined newer community at 92507. It has a welcoming front porch. When you open the front door, it is a good size living room. Part of the family room is converted into a bonus room. Still you have a nice area for dining by the side of the well lit kitchen. All the other 3 bedrooms are located upstairs along with the laundry room for your convenience. The master suit has a dual vanity, large walk-in closet, and a separate shower and tub. It has a larger backyard than most of the units in the same community. Home owner turns it into a petite farmland, apples, lemon, dragon fruit, jujube, guava, corn, chili, tomatoes.... . HOA takes care of front yard maintenance. Conveniently located less than 5 mins from UCR and downtown Riverside. Easy access to the 60, 91, and 215 freeways.
| |||
Property Highlights
Garage
Air Conditioning
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 Hunter Industrial Park
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Listed by: DONGYAN ZHENG, A-Z REALTY & INVESTMENT CORP
Last Updated: 9 months ago
Data Source: CRMLS, MLS# WS25271554
Last Updated: 9 months ago
Data Source: CRMLS, MLS# WS25271554
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