$333,000
●
House -
Off Market
3486 Gay Way
Riverside, CA 92504
4 Beds
1 Bath,
1
Half Bath
1,595 Ft²
$448,661
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model
About This Property
Investor's delight! This is the flip opportunity you been searching
for. Looking for a home to rehab and make your own? This is a
perfect match. This home has a great floor plan and huge potential.
This property sits on a corner lot in a beautiful and quiet
community. Location Location Location. This is the opportunity to
buy the fixer in a great neighborhood. Sweat equity for days. The
home showcases 4 bedrooms and 2 bathrooms, a very large lot with
room for a pool, kids to play, parents to entertain and so much
more. The home needs a rehab for sure, the canvas is blank and the
potential is huge.
Unit Size
1,595 Ft²
Days on Market
35 days
Land Size
0.22 acres
Price per sqft
$201
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955
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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 #OC20091345)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Oct 16, 2020 | In contract | - | |
| In contract | |||
| Sep 30, 2020 | Listed | $475,000 | |
| Listed | |||
| | |||
|
HOT PROPERTY!! This beauty is located minutes from the 91 freeway and a few blocks from California Baptist University! This house is located in a great neighborhood of Riverside. The neighborhood is well maintained with lots of tree lined streets that just adds to the beauty of the neighborhood. This is a 4br 2ba completely updated home with all NEW paint, NEW flooring, New appliances, New bathroom fixtures, NEW AC Unit, and the kitchen has also been updated! This house has a great flow and lots of natural lighting from all the windows throughout the house. This a beautiful house that is ready for someone to call it Home! This house will not last! The manager has listed the unit size as 1595 square feet.
| |||
| Jun 17, 2020 | Sold | ||
| Sold | |||
| May 13, 2020 | Listed by HomeSmart, Evergreen Realty | $320,000 | |
| Listed by HomeSmart, Evergreen Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Ramona
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Currently no similar homes aroundNearby Rentals
Listed by: Curtis Rodriguez, HomeSmart, Evergreen Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20091345
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20091345
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