3540 Watkins Drive
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 8, 2026 | Sold | ||
| Sold | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed by Vylla Home, Inc. | $695,000 | |
| Listed by Vylla Home, Inc. | |||
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UCR Riverside – Spacious 4-Bedroom Home on Oversized Corner Lot
Welcome to this fantastic 4-bedroom, 2-bathroom home located just steps from the UCR. This home offers flexibility, space, and functionality—ideal for families or students, there is a lot of potential here.
Positioned on a quiet and spacious corner lot, the property features numerous upgrades including double-pane windows throughout portions of the house, the roof is less than 8 years old, Inside, you’ll find tile flooring throughout the kitchen and living room and laminate flooring in the bedrooms, offering a clean, low-maintenance surface that pairs perfectly with the home’s modern, inviting feel.
The kitchen features a built-in oven, cooktop, and refrigerators are all less than 8 years old, perfect for meal prep, hosting, or day-to-day living. Each of the four bedrooms provide ample space and natural light and all the bedrooms open up the backyard for easy access to the covered patio area making this home comfortable for multiple occupants, whether it's family members or tenants.
Step outside and experience the true highlight of this property: the oversized backyard. Thoughtfully landscaped with citrus trees and flowering bushes, the outdoor space is perfect for relaxing, studying, or entertaining guests. A large covered patio provides the ideal setting for gatherings, BBQs, or simply enjoying Riverside’s sunny days in the shade.
For recreation, the Islander Community Pool is just a short walk away, offering a great spot to cool off during warm summer days. For dining, shopping, and entertainment, University Village is less than a mile away and features restaurants, movie theaters, and retail options.
Commuters will appreciate the home’s proximity to the 60 freeway—just minutes away—as well as easy access to the 91 and 215 freeways, providing smooth routes throughout the Inland Empire and beyond.
Whether you're searching for a forever home or an income-generating property near campus, this Riverside gem has it all. Don’t miss your opportunity to own a spacious home in a great area.
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| Jul 3, 2018 | Sold | ||
| Sold | |||
| May 17, 2018 | Listed by REALTY MASTERS & ASSOCIATES | $429,900 | |
| Listed by REALTY MASTERS & ASSOCIATES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017