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Sold on 09/15/2014
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3410 Prospect Ave, Riverside, CA 92501

$680,000

Last sold 09/15/2014 for $680K

  • —

    bed

  • —

    bath

  • 5,500

    Sqft ($124/Sqft)

Multi-family not for sale
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About 3410 Prospect Ave

Property type Multi-family
Neighborhood
Year built 1930
HOA fee $0/month
Lot size 9,148 Sqft
Movoto estimate
Parking 8 garage spaces
Rental estimate
Property description
One - Two Story walk up building with two adjacent buildings totaling 8 units on two parcels of land. The addresses are 3410 Prospect Ave and 4609-11-15 Olivewood. The property consists of 2 -2 bedroom units; 5 - 1 bedroom units and 1 single. The property is located with walking distance to downtown Riverside and Riverside City College. The property offers a laundry room with an open gravel parking area adjacent to the units. All units are rented. The rents are low for the area. PLEASE DO NOT DISTURB THE TENANTS!!!! ALL OFFERS ARE SUBJECT TO INTERIOR INSPECTION.
Listed by
Listing Agent - JOSEPH PASSERINO
Listing Office - IPS REALTY GROUP
Source: CRMLS mls logo
MLS#IV14036687 • last updated 12 years ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Levels/Style Two
Status Closed
Lot Size (Acres) 0.21
Lot Size (SqFt) 9148
Year Built 1930
Interior
Laundry Area
Flooring Partially Carpeted
Appliances Gas Range
Window Features Wood Frame Windows
Exterior
Foundation Concrete Slab
Roof Composition
Building Area 5500
Parking Unassigned
# Uncovered Spaces 8
# Parking Spaces 8
# Garage Spaces 8
Lot Description 11-15 Units/Acre
Amenities / Utilities
Sewer/ Septic Sewer Paid
Water Source District/Public
Spa None
Pool None
Location
View None
County Riverside
Community Features Curbs
APN 219044003
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 1000
Operating Expense 28537
Expense: Insurance 2500
Total Expenses 28537
Expense: Maintenance 2000
Expense: Water/ Sewer 2400
Gross Income 5665
Gross Operating Income 6458166
Expense: Electric 2000
Gross Multiplier 10.09
Gross Scheduled Income 70380
Expense: Gardner 800
Expense: Fuel 800
Lot/ Land Details
Average Studio Area 500
$680K
Range: $612K-$748K
Last 30 days 
Rental est.: $1,628/month
Gross rent multiplier: 34.8
  • Jun 2019
    Public Records
  • Jun 10, 2019 Sold
    $537,500 (-21.0%)
  • Sep 2014
    mls logo MLS # IV14036687
  • Sep 15, 2014 Sold
    $680,000
  • Feb 20, 2014 Listed
    $695,000
  • Sep 2014
    Public Records
  • Sep 12, 2014 Sold
    $680,000 (-2.2%)
  • Year Property taxes Tax assessment
  • 2024
    $9,749 +0.4%
    $892,410 +2.0%
  • 2023
    $9,706 +1.9%
    $874,913 +4.04%
  • 2022
    $9,529 +1.5%
    $840,940 +2.0%
  • 2021
    $9,387 +0.8%
    $824,452 +1.04%
  • 2020
    $9,316
    $816,000
  • 3410 Prospect Ave
    $680K
  • Downtown Riverside
    $615K -8% y/y
  • 92501
    $609K -1% y/y
  • Riverside
    $682K +2% y/y
No chart available
Statistics calculated by Movoto

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6/10
Pachappa Elementary School
public Grades K-6
Riverside Unified School District
4/10
Central Middle School
public Grades 7-8
Riverside Unified School District
7/10
Polytechnic High School
public Grades 9-12
Riverside Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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