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    3370 Pachappa Hl Riverside, CA 92506

    Sponsored
    For Sale
    $749,000

    Single Family Residence, Bungalow - Riverside, CA

    Type:Single Family Residence
    Property size:
    2,005 SF
    Lot size:
    6,098.00 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 7:06 pm

    Property Features for 3370 Pachappa Hl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Kitchen, Laundry
    Bedrooms
    3
    Bathrooms
    3
    APN
    219241001
    Parking
    6
    Parking features
    Driveway, Garage, Guest
    Interior features
    Ceiling Fan(s), Granite Counters, Window Features: Shutters, Double Pane Windows, Blinds
    Exterior features
    Fence, Community Features Included: Street Lights, Sprinklers In Front, 0-1 Unit/Acre, Sprinklers Drip System
    Fencing
    Fenced
    Appliances
    Dishwasher, Oven - Gas, Range, Range - Gas, Refrigerator, Washer
    Size
    2,005 SF
    Lot size
    6,098.00 Acres

    Utilities

    Heating system
    Baseboard, Central
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Vinyl
    Building materials
    Stucco, Wood Siding
    Roof type
    Asphalt
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    TRICIA HORD

    Windermere Inland properties (951) 369-8002

    Listing agent TRICIA HORD (951) 369-8002 License #01955062

    Listing date Feb 27, 2026

    MLS# IV26037839 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Income-Generating Two-Unit Home

    This versatile single-family home functions as a two-unit income property, presenting strong cash-flow potential and flexible use. The upper unit features 2 bedrooms and 2 bathrooms within approximately 1,135 square feet. It includes an updated kitchen and baths, indoor laundry, dual-pane windows with shutters and blinds, newer bedroom carpet, mountain views, and direct garage access, along with three additional parking spaces. The lower unit offers 1 bedroom and 1 bathroom in approximately 870 square feet, complete with a full kitchen, in-unit laundry, and a private entrance. Separate parking, a patio, and fruit trees enhance usability and tenant appeal. Fresh exterior paint provides curb appeal and a clean, updated look. Situated on a lot of approximately 0.14 acres, this property is located in Riverside, CA. It is suitable for owner-occupants looking to live in one unit and lease the other, accommodating multigenerational living, or maximizing dual rental income. Conveniently located near everyday amenities, this property delivers flexibility, functionality, and long-term investment value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3840787
    Latitude
    33.9604208

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with rental income potential near everyday amenities.
    Where is this duplex located?
    The property is located at 3370 Pachappa Hl Riverside, CA.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Two-unit income property with strong cash-flow potential.; - Upper unit: **2 bedrooms, 2 bathrooms, updated kitchen and baths, mountain views, direct garage access, and three additional parking spaces.**; - Lower unit: 1 bedroom, 1 bathroom, full kitchen, in-unit laundry, and private entrance.
    (951) 784-2500
    Request Owner's contact information
    3370 Pachappa Hl Riverside, CA 92506
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    Riverside, CA 92506
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3370 Pachappa Hl Riverside, CA 92506
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    We can help!
    Listing Contact
    TRICIA HORD
    Real Estate License ID: 01955062
    (951) 784-2500 (951) 452-0477 (951) 369-8002
    Learn more
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