Property Details
About this Property
Whether you're an investor or a buyer seeking a multi-unit property to live in while generating rental income, this is an opportunity you won’t want to miss. The potential for house hacking is enormous—live in one of the units while collecting rents from the others, or enjoy the steady, reliable income stream as an investor. The current property generates a strong net operating income (NOI) of $85,971 annually, making it a high-yield investment with exceptional growth potential in a booming area. With a cap rate of **6.9%**, this property represents a highly attractive opportunity for anyone looking to capitalize on Riverside's growing real estate market. This exceptional triplex is a rare gem in Riverside, offering a prime opportunity for both savvy investors and buyers looking to house hack. Situated just minutes away from the 91 and 215 freeways, as well as the vibrant Downtown Riverside area, this property offers unrivaled access to major commuter routes and city amenities. Riverside City College, the University of California Riverside (UCR), California Baptist University, shopping, dining, and entertainment options are a few minutes away, this location is truly at the heart of it all. The property features three distinct units, each with unique potential. One of the detached
MLS Listing Information
MLS #
CRDW24239040
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Appliances
Other
Heating
Central Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 2 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 3 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2029 Patterson St is a Triplex in Riverside, CA 92507. This – square foot property sits on a 13,068 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,248,888 and was built in 2024. This address can also be written as 2029 Patterson St, Riverside, CA 92507.
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This listing information is up-to-date as of November 23, 2024. For the most current information, please contact Gerardo Garcia Macias, (949) 867-0007
