Listed by: RYAN MCKEE, NEST REAL ESTATE
$650,000
●
House -
Off Market
6940 Malibu Drive
Riverside, CA 92504
3 Beds
2 Baths
1,758 Ft²
$3,192
Est. Monthly
About This Property
Welcome to this incredible 3-bedroom, 2-bathroom gem! Situated on a
great sized lot, this charming single-story home offers a long
driveway with plenty of room for potential RV parking, vehicles,
toys, and more. This home features a functional kitchen with ample
storage, complete with an attached laundry room. The generously
sized secondary bedrooms and primary bedroom provide comfort and
space for all. Enjoy tree-lined streets in this inviting
neighborhood. Other notable features include the outdoor shed,
ceiling fans, back patio, and the detached garage which can also
service a multitude of options including exploring the option of an
ADU, and more!! Located in proximity to schools, parks,
freeways, shopping and more. Act now, before it's too late!
Unit Size
1,758 Ft²
Days on Market
71 days
Land Size
0.20 acres
Price per sqft
$370
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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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: 2 years ago (CRMLS #IV24240803)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 6, 2025 | Sold | ||
| Sold | |||
| Jan 8, 2025 | In contract | - | |
| In contract | |||
| Nov 27, 2024 | Listed by NEST REAL ESTATE | $649,900 | |
| Listed by NEST REAL ESTATE | |||
| Apr 13, 2022 | No longer available | - | |
| No longer available | |||
| Mar 20, 2022 | In contract | - | |
| In contract | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Riverside Airport
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Listed by: RYAN MCKEE, NEST REAL ESTATE
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV24240803
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV24240803
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