$655,000
●
House -
Off Market
3920 Melody Lane
Riverside, CA 92504
4 Beds
3 Baths
1,791 Ft²
$3,192
Est. Monthly
About This Property
Welcome to 3920 Melody Lane, a 4-bedroom, 3-bathroom home with dual
primary suites, sitting on a private tree-lined street in one of
Riverside's most convenient locations. Inside you're greeted with
updated flooring, fresh paint, new light fixtures, and refreshed
bathrooms which give the home a clean, move-in ready feel. The open
layout invites natural light throughout, and the original kitchen
is functional and ready for your personal touch. Outside, a private
lot with mature trees offers space and seclusion that's hard to
find. No HOA. Minutes from California Baptist University, downtown
Riverside, and the 91 freeway, with shopping and dining close by.
Unit Size
1,791 Ft²
Days on Market
48 days
Land Size
0.18 acres
Price per sqft
$363
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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 #CV26121070)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 21, 2026 | Sold | ||
| Sold | |||
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Listed by Coldwell Banker Icon | $649,999 | |
| Listed by Coldwell Banker Icon | |||
| Apr 24, 2025 | Price Decreased |
$599,900
↓ $40K
(6.3%) | |
| Price Decreased | |||
| Nov 17, 2024 | Price Decreased |
$640,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
Show More
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
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ft²
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HOA + Taxes
About Ramona
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Listed by: Ariana Dooley, Coldwell Banker Icon
Last Updated: 4 months ago
Data Source: CRMLS, MLS# CV26121070
Last Updated: 4 months ago
Data Source: CRMLS, MLS# CV26121070
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