3737 Shamrock Avenue

Riverside, CA 92501

$669,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $409 / sqft

1921

calendar_month Built

Property Description

Introducing your historic Craftsman investment home near downtown Riverside. This home offers over 1600 sq ft with 4 great size bedroom's and 3 full bathroom's currently being leased out for $2800 but can be leased for more! This area is experiencing significant growth with a city approved investment of over $23 million for Fairmount Park which is only a couple minutes away from the growing Downtown Riverside. This development makes it a desirable hotspot and an excellent area to park your money. The home itself comes with approved permits to convert the garage into a 1 or 2 bed bedroom accessory dwelling unit (ADU) with its own entrance and backyard. This ADU has the potential to be leased for $2000+, providing additional income opportunities. The location of the home is ideal, offering easy access to multiple freeways. Additionally, the property has been upgraded while still retaining its original character, providing a unique blend of modern amenities and traditional charm. It's important to mention that while the ADU has been approved, the conversion process has not yet been completed and we will only provide the approved permit/ architect rending's with the purchase of the home. The home has already been split to have two separate parking lots, two seperate yards for each unit, and 2 mailboxes. While the ADU will be a great investment opportunity since you are nearby to 2 local colleges nearby, you also have the option of making the 4th bedroom in the front house it's own private studio to rent since you can access the 4th bedroom through the back of the home, and it has it's own entrance from the outside. The 4th bedroom has it's own bathroom, and a small room inbetween that currently serves as a cofee bar with its own sink and area for a small fridge and induction stove. This is truly a GOLDMINE property waiting for the right investor to buy and HOLD and rent out for years to come to multiple families, student's, etc. Overall, this Craftsman home near downtown Riverside offers a promising investment opportunity in a rapidly developing area.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate
Fireplace Information
Features Living Room
Interior Information
Features Bar, Built-in Features, Quartz Counters
Cooling Type See Remarks

Listing Information

Address 3737 Shamrock Avenue
City Riverside
State CA
Zip 92501
County Riverside
Listing Agent Cynthia Moreno DRE#02065245
Courtesy Of REALTY MASTERS & ASSOCIATES
MLS CV23196632
List Price $669,000
Status Active
Type Residential Income
Subtype Single Family Residence
Structure Size N/A
Lot Size 8,712
Year Built 1921
DOM 190

Exterior Information

Other Structures
Structures Guest House Detached,Two On A Lot

Maps

Listing information courtesy of: Cynthia Moreno, REALTY MASTERS & ASSOCIATES . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 29th, 2024 at 10:13 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.