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Sold on 07/17/2009
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3981 Locust St, Riverside, CA 92501

$1,162,000

Last sold 07/17/2009 for $222K

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    bed

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    bath

Multi-family not for sale
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About 3981 Locust St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 6,501 Sqft
Movoto estimate
Rental estimate
Property description
Historical downtown Riverside. Well maintained Colonial Bungalow on tree lined street Units are large with large kitchens and Full Baths. Front unit is as large as most 1 bedrooms. Can be sold Separate or with 2963 Locust. 1 2 Car Gargage. ( 2 fourplexes for $458,000) Each fourplex is $229,000, 2 separate parcels. Walking Distance to shops, stores and downtown. Separate Gas amd Electric Meters
Listed by
Listing Agent - Renee Whitman
Listing Office - First Team Real Estate
Source: CRMLS mls logo
MLS#P689108 • 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) 6501
Tax Area 9000
Year Built 1940
Exterior
Construction Unknown
Building Area 2370
# Parking Spaces 5
Lot Description Treed Lot
Amenities / Utilities
Sewer/ Septic Sewer Paid
Water Source Public
Location
County Riverside
Subdivision Other, OTHR
Directions West Side Of The 91, University West To Lt Turn On Locust
APN 214301011
Multifamily Details
Vacancy Allowance Rate 3
Expense: Trash 552
Operating Expense 3204
Cap Rate 10.65
Expense: Insurance 1008
Expense: Water/ Sewer 540
Gross Income 2300
Gross Multiplier 8.3
Gross Scheduled Income 27600
Expense: Gardener 360
Lot/ Land Details
$1.16M
Range: $883K-$1.44M
Last 30 days 
Rental est.: $1,628/month
Gross rent multiplier: 11.4
  • Dec 2010
    mls logo MLS # P689108
  • Dec 28, 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
    $3,161 +0.4%
    $287,186 +4.04%
  • 2023
    $3,148 +1.9%
    $276,036
  • 2022
    $3,090 +1.1%
    $276,036 +4.04%
  • 2021
    $3,057 +0.8%
    $265,318
  • 2020
    $3,034
    $265,318
  • 3981 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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