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Sold on 07/17/2009
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3963 Locust St, Riverside, CA 92501

$1,088,000

Last sold 07/17/2009 for $222K

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 3963 Locust St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 6,477 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Historical downtown Riverside colonial bungalow 4 plex on Tree lined Street. All Units are Large and all have Separate meters (1) 2 Car Garage. Mirror Image 4 plex is also for sale. Each listed for $229,000. Can buy Separate, however great opportunity to purchase 2 four plexes.
Listed by
Listing Agent - Renee Whitman
Listing Office - First Team Real Estate
Source: CRMLS mls logo
MLS#P689107 • last updated 15 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style One
Type Residential Income
Status Closed
Lot Size (Acres) 0.15
Lot Size (SqFt) 6477
Tax Area 9000
Year Built 1940
Exterior
Building Area 2370
# Parking Spaces 4
# Garage Spaces 2
Amenities / Utilities
Sewer/ Septic Sewer Paid
Water Source Public
Location
County Riverside
Subdivision Other, OTHR
Directions University West, Lt Turn On Locust
APN 214301010
Multifamily Details
Vacancy Allowance Rate 3
Expense: Trash 552
Operating Expense 3204
Cap Rate 10.52
Expense: Insurance 1008
Expense: Water/ Sewer 540
Gross Income 2275
Gross Multiplier 8.39
Gross Scheduled Income 27300
Expense: Gardener 360
Lot/ Land Details
$1.08M
Range: $826K-$1.34M
Last 30 days 
Rental est.: $1,628/month
Gross rent multiplier: 11.4
  • Dec 2010
    mls logo MLS # P689107
  • Dec 20, 2010 Sold
    $222,500
  • May 27, 2009 Listed
    $229,000 (-41.3%)
  • Jul 2009
    Public Records
  • Jul 17, 2009 Sold
    $222,500 (-2.8%)
  • Sep 2002
    Public Records
  • Sep 17, 2002 Sold
    $390,000
  • Year Property taxes Tax assessment
  • 2024
    $3,296 +0.4%
    $287,186 +2.0%
  • 2023
    $3,282 +1.8%
    $281,556 +2.0%
  • 2022
    $3,224 +1.0%
    $276,036 +4.04%
  • 2021
    $3,191 +0.7%
    $265,318
  • 2020
    $3,168
    $265,318
  • 3963 Locust St
    $222K
  • 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
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 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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