4152 Locust Street, Riverside, CA 92501

$825,000 Asking Price

3 beds
3 baths
2,103  sqft
Built in 1924

This unique property presents an incredible opportunity with three homes on one lot, each featuring its own garage, private laundry hookups, backyard, parking space, and separate gas and electric meters, making utility payments straightforward for all residents. This versatile property is perfect for multigenerational living, allowing families to stay close while enjoying their independence—ideal for parents, adult children, and grandparents to live together yet separately, potentially saving on childcare and elder care expenses.Additionally, this property offers excellent income-generating potential: live in one home and rent out the other two to create a steady income stream and help offset your mortgage. All three homes can be rented out individually, ensuring that each tenant has control over their own utilities. For investors, this property is also perfect as a vacation rental, attracting large groups and families seeking private yet connected accommodations. Its prime location near four colleges, downtown Riverside, and within an hour's drive of Disneyland, Knott's Berry Farm, and multiple beaches makes it highly desirable for short-term stays. Moreover, the layout allows for a home office, creative studio, or workspace while still providing rental income from the other h

Features & Amenities

Interior

Laundry:
Gas Dryer Hookup
A/C:
true, Wall/Window Unit(s)
Heating:
true, Central
Fireplace:
None

Exterior

General:
Backyard, Back Yard, Front Yard
Pool:
None
Parking:
Detached

Construction

General:
1

Location

HOA Amenities:
0.0
School District:
Riverside Unified
County:
Riverside

Lot

Zoning:
R106, 215192008
View:
Other

Utilities

Water:
Public
Sewer:
Public Sewer

This listing courtesy of:
Re/Max Partners, Benjamin Rubalcava

About Riverside, CA

Housing

Number of Units
117,460
Median Home Value
$425,369
Median Rent
$1,318

42.75% of housing units are renter occupied.

3.67% are vacant.

Commute

Car
75.18%
Public Transportation
2.06%
Walk to Work
1.69%
Work from Home
19.74%
Other
0.66%

The median travel time to work is 27 minutes.

People

Population
369,431
Median Age
33.20
Median Household Size
3.32

Education

High School
25.48%
Associate’s Degree
7.98%
Bachelor’s Degree
15.27%
Graduate Degree
10.52%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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