Listed by: BRAD ALEWINE, COMPASS
$645,000
●
House -
Off Market
6746 Nicolett Street
Riverside, CA 92504
3 Beds
2 Baths
1,559 Ft²
$3,143
Est. Monthly
About This Property
MAGNOLIA CENTER- One owner custom built "California Cottage"
located on a quiet tree-lined street in the heart of Central
Riverside's most popular neighborhood! Close to community
amenities such as shopping, recreation, schools and just a short
drive to Downtown! Quality construction and extraordinary
maintenance and care are well exhibit in this pristine residence!
Large formal living room with fireplace; Formal dining
area; Large remodeled gally kitchen with solid-surface
counter-tops, Maple Cabinets and charming corner breakfast nook
with views of the back yard. Three generous bedrooms
including the primary suite with walk-in closet, ensuite bath and
French Doors to the back yard. Indoor laundry room; Hardwood
floors throughout protected for years by wall-to-wall carpeting;
Genuine divided light wood windows and plantation style
shutters throughout; Newer heat and air-conditioning and
roof; Detached 2-car garage plus a carport off the side of the
house over the driveway; Large covered patio and fully fenced
backyard!
Unit Size
1,559 Ft²
Days on Market
38 days
Land Size
0.20 acres
Price per sqft
$410
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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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: 3 years ago (CRMLS #IV24110364)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2024 | Sold | ||
| Sold | |||
| May 31, 2024 | Listed by COMPASS | $639,900 | |
| Listed by COMPASS | |||
Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Magnolia Center
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Listed by: BRAD ALEWINE, COMPASS
Last Updated: 3 years ago
Data Source: CRMLS, MLS# IV24110364
Last Updated: 3 years ago
Data Source: CRMLS, MLS# IV24110364
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