$583,000
●
House -
Off Market
17045 Ridge Canyon Drive
Riverside, CA 92506
6 Beds
4 Baths
3,183 Ft²
$878,652
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model
About This Property
If you're looking for a nice single story t live in and have rental
income this property has it all. Sitting on 1.5 acres this rural
home with a pool has 4 bedrooms with a Master bed and bath
separated from the other rooms. Step out the back and take a dive
in the pool. A large family room is separated from the living room
by the kitchen. Lots of room for large parties, even if you have
two groups. Watch TV in one and play games in the other. Yes, you
can do that here. The 2 car garage has a separate work room that
includes an unpermitted bathroom.
The investment opportunity comes from the duplex that sits at the bottom of the property. Each unit has 1 bedroom and 1 bath. Rents are low now due to family but owner has been offered over $1000 each. One unit was in great shape while the other needs carpet. All of this with room for RV's and boats. Property has one APN but two addresses. The second address for the duplex is 17047 and is the one showing under this APN.
I almost forgot to mention the view. Sit in the living room and look out over the city lights. You can see forever on a clear day. Feel like you're on top of the world.
The investment opportunity comes from the duplex that sits at the bottom of the property. Each unit has 1 bedroom and 1 bath. Rents are low now due to family but owner has been offered over $1000 each. One unit was in great shape while the other needs carpet. All of this with room for RV's and boats. Property has one APN but two addresses. The second address for the duplex is 17047 and is the one showing under this APN.
I almost forgot to mention the view. Sit in the living room and look out over the city lights. You can see forever on a clear day. Feel like you're on top of the world.
Unit Size
3,183 Ft²
Days on Market
118 days
Land Size
1.50 acres
Price per sqft
$188
Property Type
House
Property Taxes
-
HOA Dues
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Year Built
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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: 4 months ago (CRMLS #IV19133464)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2019 | Sold | ||
| Sold | |||
| Jun 5, 2019 | Listed by NATIONAL REALTY GROUP | $599,900 | |
| Listed by NATIONAL REALTY GROUP | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
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HOA + Taxes
About Woodcrest
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Listed by: JEFF MAAS, NATIONAL REALTY GROUP
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19133464
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IV19133464
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