$1,100,000
3717 Roosevelt Street presents a well-located 3+1 multifamily opportunity in one of Riverside's most stable residential corridors. The property consists of three 2-bed / 1-bath units plus and additional non-conforming 2-bed / 1-bath unit, offering an attractive unit mix and strong income potential. Current rents remain slightly below market, providing a clear path to upside through standard turnover and light interior improvements, with pro forma gross income projected at $100,800 annually. Operating costs are lean, and the 1960s construction profile supports efficient, predictable management with minimal deferred maintenance concerns. Positioned near major employment centers, retail hubs, and key transportation routes, the asset delivers a compelling blend of stability, cash-flow growth, and long-term appreciation-making it an ideal acquisition for investors seeking well-located, manageable multifamily in the heart of Riverside.
Listed by DARREN CORREA with LE INVESTMENT GROUP (909) 256-7889
Property Type
Apartment
Status
Active
MLS Number
IV26090701
Year Built
1966
Lot Size
9,148 sq ft
Click to interact with map
5571 Central Ave, Riverside
Listed by Armando G De La Torre with Cyril Financial Group
3076 Lemon, Riverside
Listed by RICH MERLIN with RICH MERLIN REALTY
6800 Arlington, Riverside
Listed by MILES TURNER with Tower Agency
4600 Sunnyside Dr, Riverside
Listed by TED JENKINS with Vista Sotheby's International Realty
3928 Everest, Riverside
Listed by DARLENE OLIVAREZ with Beechwood Realty
3904 Monroe, Riverside
Listed by Pred Kostic with Domus Realty Group
9079 Colony Pl, Riverside
Listed by Ruby Pineda with Blue Monkey Realty
3633 Kansas Ave, Riverside
Listed by Meha Chopra with Douglas Elliman of Ca Inc
