8894 Cypress Ave
Riverside, CA 92503

Bd   — Ba   1,822 Sqft
Growth Investment Group is proud to offer this rare opportunity for an investor to acquire an amazingly well cared for multi-family investment property in a tremendous rental area of Riverside. 3-units which means easier to qualify for a first time home buyer. This prime location is perfectly situated near the Galleria at Tyler Mall and California Baptist University. The property consists of 3 beautifully renovated units sitting on a 7,405 square foot lot. Nestled in between Tyler Street, Van Buren Blvd and the 91 FWY this property is near many upscale restaurants and attractions that Riverside has to offer. The property is located just 3miles from The Galleria at Tyler Mall and only 3.5 miles from both La Sierra University & California Baptist University, making it a highly desirable area of Riverside. This is an extremely rare investment that features an easy maintenance unit mix with the front 2 units being 1Bed + 1Bath, and the rear unit being 1Bed + 1Bath. All units are individually metered for electricity and gas. Each unit is equipped with a privately fenced yard. This property has been extremely well maintained with new paint & windows throughout. The property is located 3.5 miles from California Baptist University & La Sierra University while also only 3 miles from the The Galleria at Tyler Mall. The property is strategically situated in between Tyler Street, Van Buren Blvd and the 91 FWY.
  • Neighborhood: Arlanza
  • Days on Movoto: 20
  • Year Built: 1950
  • HOA:
  • $/Sqft: $247
  • Lot: 7,416 Sqft
  • Property Type: Multi Family
  • MLS#: AR17048568
  • MLS:
  • Listing Office: Growth Investment Group, Inc.
  • Listed By: Handoko Chen
  • Movoto last checked CRMLS for new data 54 minutes ago
  • CRMLS last updated this listing 2 weeks ago

Home Features

Overview
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Property History

Status
Date
Price
Listed
Mar 9, 2017
$450,000
#AR17048568
Price Change
Sep 12, 2016
$349,000
Price Change
Aug 29, 2016
$355,000
Price Change
Aug 15, 2016
$359,000
Price Change
Jun 27, 2016
$369,000
Listed
Jan 7, 2016
$380,000
#DW16005147

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YOU
ARE
HERE
8894 Cypress Ave
  • $450,000
  • For Sale

    20 days

  • — Bd
  • — Ba
  • 1,822 Sqft
  • $247/Sqft
  • 7,416 Sqft Lot
  • Built 1950
As of , there are 151 properties listed for sale in ZIP code 92503 and 611 properties listed for sale in the city of Riverside, CA. Those 611 properties include 578 single family homes and 33 condos. This property at 8894 Cypress Ave in 92503 is currently listed for $450,000. This is 6% above the median price of $425,000 for Riverside and 3% below the median of $465,000 for 92503. 8894 Cypress Ave is approximately 1,822 Sqft, which is 12% below the Riverside median of 2,069 and 15% below the 92503 ZIP code median of 2,144. This property's price per square foot is $247, which is 17% above the median price in 92503 of $212 and 13% above the Riverside median of $219 per square foot.
Built in 1950, this multi family house at 8894 Cypress Ave is approximately 1,822 square feet and comes with 4 parking spots. It is listed on 03/09/2017 with a cost per Sqft of $247. 8894 Cypress Ave is located in the Arlanza neighborhood in the Alvord Unified School District. The closest school is Arlanza Elementary School.

8894 Cypress Ave has been on the market for 20 days. The median days on the market for properties in this area is 42 with a median list price of $425,000 and median cost per square foot of $219. It's currently listed as active under the MLS #AR17048568.

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