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    Two-Unit Single Family Property Title is generated by Realmo AI

    3540 Nelson, Riverside, CA 92506

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    For Sale
    $940,000

    Single Family Residence - Riverside, CA

    Type:Single Family Residence
    Property size:
    2,384 SF
    Lot size:
    13,939.00 Acres
    Price / SF:
    $394/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 3540 Nelson

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    5
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room, Sauna
    Parking
    2
    Pool private
    1
    Interior features
    Recessed Lighting, Open Floorplan, Granite Counters
    Exterior features
    Fence, Pool, Community Features Included: Gutters, Street Lights, 0-1 Unit/Acre
    Fencing
    Fenced
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Microwave, Oven - Gas, Range, Range - Gas, Washer
    Standard status
    Active
    APN
    225332002
    Size
    2,384 SF
    Lot size
    13,939.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air, Gas (Cooling)

    Building Details

    Year built
    1952
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    JENNIFER MARTEL

    Listing agent JENNIFER MARTEL License #01703480

    Listing office NATIONAL REALTY GROUP 6700 INDIANA AVENUE SUITE 130, Riverside, CA

    Listing date Jun 2, 2026

    MLS# IV26120423 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.

    HighLights

    • 2 homes on 1 lot with a combined living area of 2,384 sq ft: 1,584 sq ft main house and 800 sq ft additional fully permitted home
    • Main house: 3 bedrooms, 2 baths with a fully remodeled kitchen featuring granite counters and recessed lighting
    • Secondary unit: 2 bedrooms, 2 baths (800 sq ft) for extended family, guests, rental income, or a private home office
    • Private backyard amenities include a pool and fenced yard, plus a sauna in the home
    • RV parking available; home includes central heating and central air with gas cooling
    • Appliances include gas cooktop/range and oven, dishwasher, microwave, and washer; year built 1952 with open floorplan

    Overview

    This property features two homes on one lot, providing a practical setup for multi-generational living, guests, or rental income. The main residence includes 3 bedrooms and 2 bathrooms and highlights a fully remodeled kitchen. The additional fully permitted home offers 2 bedrooms and 2 bathrooms, making it well suited for extended family, a home office, or continued leasing flexibility. Outside, the main home’s private backyard includes a sparkling pool, adding a strong everyday-use feature for Southern California living. RV parking is also available for added convenience.

    Located in Riverside, CA, the property is presented as having no HOA, which can support greater day-to-day freedom for owners. The listing notes the homes are just minutes from shopping, dining, schools, and major commuter routes, helping support accessibility for both occupants and tenants.

    From an investment standpoint, the presence of a fully permitted secondary unit and an income-ready layout can appeal to buyers seeking diversified use under one ownership. Owner-occupants may value the ability to live in one home while leveraging the second residence for rental income, guest overflow, or a private workspace. The combination of move-in-ready updates, a pool, and RV parking may also broaden tenant appeal depending on the intended use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3897434
    Latitude
    33.9497299

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    FAQs

    What type of property is this?
    Duplex - Two permitted homes on one lot with pool amenities and RV parking, offering flexible owner-occupant or rental potential.
    Where is this duplex located?
    The property is located at 3540 Nelson Riverside, CA.
    What is the asking price?
    The asking price for this property is $940,000.
    What are key features of this property?
    This property features: 2 homes on 1 lot with a combined living area of 2,384 sq ft: 1,584 sq ft main house and 800 sq ft additional fully permitted home; Main house: 3 bedrooms, 2 baths with a fully remodeled kitchen featuring granite counters and recessed lighting; Secondary unit: 2 bedrooms, 2 baths (800 sq ft) for extended family, guests, rental income, or a private home office
    (951) 684-2600
    We can help!
    Listing Contact
    JENNIFER MARTEL
    Real Estate License ID: 01703480
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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.

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