$385,000
●
House -
Off Market
9849 54th Street
Riverside, CA 92509
3 Beds
1 Bath
1,216 Ft²
$577,753
RealtyHop Estimate
46.27%
Since Jan 1, 2020
National-US
Primary Model
About This Property
Welcome to Jurupa Valley! This home has been in the same family
since 1966. The land has incredible potential, as does the home.
There will need to be some TLC given to this house to make it a
home and if you're looking for value in the land, this is a perfect
option for you! The property includes 1.16 acres of usable land
which could possibly be divided for more than one home. The current
road leading up to the home is a dirt road that ends at about the
middle of the property line, however, there is a variance that has
been approved to extend 54th Street through to Rutile Street where
it can meet up with the other side of 54th Street. The home has
some of the windows replaced with double pane windows installed.
The living area and 2 original bedrooms feature hardwood flooring,
original to the home. The 3rd bedroom and 2nd bathroom do not
have hardwood flooring and may or may not have been permitted. The
lot for this property is a large, rectangular-shaped lot that lends
itself perfectly to keeping horses. There is plenty of open space
to do whatever you choose. If you're looking for rural
living, this is where you want to be.
Unit Size
1,216 Ft²
Days on Market
43 days
Land Size
1.16 acres
Price per sqft
$325
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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: 5 months ago (CRMLS #IV19264263)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 27, 2024 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by M POWER MORTGAGE INC. | $550,000 | |
| Listed by M POWER MORTGAGE INC. | |||
| | |||
|
Welcome to this fixer-upper at 9849 54th St, Riverside, CA. This 3-bedroom, 1-bath home is in need of significant repairs and renovations. The property is currently in a distressed and worn condition, with extensive work required throughout. It will not qualify for FHA financing due to its condition. Please note that the seller will not be covering any repair costs, so be prepared for a substantial investment to bring this home back to its potential. This is a great opportunity for those looking for a project with vision and commitment.
| |||
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Mira Loma
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Listed by: CHARLOTTE MC KENZIE, COLDWELL BANKER RES. BROKERAGE
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19264263
Last Updated: 5 months ago
Data Source: CRMLS, MLS# IV19264263
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