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Sold on 08/07/2026
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3848 Locust, Riverside, CA 92501

$970,000

Last sold 08/07/2026 after 170 Days

  • —

    bed

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    bath

Multi-family not for sale
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About 3848 Locust

Property type Multi-family
Neighborhood
Year built 1971
HOA fee $0/month
Lot size 9,100 Sqft
Parking 4 garage spaces
Rental estimate
Property description
EXCEPTIONAL INVESTMENT OPPORTUNITY IN DOWNTOWN RIVERSIDE'S HISTORICAL DISTRICT! Located just moments from iconic MISSION INN HOTEL & SPA, this well situated 6-UNIT property offers charm, conveniance, and strong rental appeal in one of Riverside'most desirable areas. The Unit Mix includes:TWO 2-BEDROOM/1-BATH UNITS & FOUR STUDIO UNITS Situated in the heart of Downtown Riveside Tenants enjoy close proximity to shopping, dining, entertainments, and appriciate easy access to the 91, 60 and 15 Freeways. Whether you are looking to expand your portfolio or secure a prime Multi-Unit property in a historic and high-demand location, this is an Outstanding Opportunity.
Listed by
Listing Agent - Ardavan Mofid
Listing Agent Contact: 909-223-7214
Listing Office - CENTURY 21 Affiliated
Source: CRMLS mls logo
MLS#SW26176331 • last updated 4 weeks ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.2089
Lot Size (SqFt) 9100
Property Tax 3308.68
Year Built 1971
Interior
Laundry None
Exterior
Building Area Square Feet, 7100
# Parking Spaces 4
# Garage Spaces 4
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool None
Location
County Riverside
Community Features Curbs
Directions Off The 91 Fwy East, Turn Left And Follow To Locust On Cul-de-sac
APN 214292018
Multifamily Details
Operating Expense 700
Expense: Water/ Sewer 45
Gross Income 6700
Lot/ Land Details
Average Studio Area 450
Rental est.: $1,638/month
Gross rent multiplier: 49.4
  • Aug 2026
    mls logo MLS # SW26176331
  • Aug 12, 2026 Sold
    $970,000 (-2.0%)
  • Feb 18, 2026 Listed
    $990,000 (+110.6%)
  • Apr 2014
    Public Records
  • Apr 30, 2014 Sold
    $470,000
  • Apr 2014
    mls logo MLS # PW13077367
  • Apr 30, 2014 Sold
    $470,000 (-5.1%)
  • Apr 25, 2013 Listed
    $495,000 (-5.7%)
  • Aug 2004
    Public Records
  • Aug 4, 2004 Sold
    $525,000 (+198.3%)
  • Aug 2002
    Public Records
  • Aug 20, 2002 Sold
    $176,000
  • Year Property taxes Tax assessment
  • 2024
    $6,404 +0.4%
    $576,141 +2.0%
  • 2023
    $6,377 +1.8%
    $564,845 +2.0%
  • 2022
    $6,262 +1.4%
    $553,771 +4.04%
  • 2021
    $6,177 +0.7%
    $532,270
  • 2020
    $6,131
    $532,270
  • 3848 Locust
    $970K
  • Downtown Riverside
    $645K -12% y/y
  • 92501
    $600K -6% y/y
  • Riverside
    $695K +2% y/y
No chart available
Statistics calculated by Movoto

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6/10
Bryant 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 9/9/2026. 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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