For Sale
$850,000
3040 Orange, Riverside, CA 92501
Three residential units provide a multifamily configuration in Riverside.
Property Size1,600 SF
Days on Market15
Property Features for 3040 Orange
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Building Size
1,600 SF
Year Built
1946
Stories
1
Units
3
Listing Agency:
PARTNERS 4 LIFE REALTY, INC
Listed By:
LUIS TREJO · License #01349981
(909) 637-6788
Source:
Elliman
Added: Sep 30
Changed: Oct 11
Last Checked: Oct 12 at 7:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PARTNERS 4 LIFE REALTY, INC
Investment Insights
Based on property information with market context.
This Riverside multifamily property is configured as a triplex, with three residential units. The building dates to 1946 and is located at 3040 Orange, Riverside, CA 92501.
The area has a Bike Score of 53, indicating it is bikeable. Its Walk Score is 24, classified as car-dependent, and its Transit Score is 20, indicating minimal transit.
The area has a Bike Score of 53, indicating it is bikeable. Its Walk Score is 24, classified as car-dependent, and its Transit Score is 20, indicating minimal transit.
Key Highlights
- Three‑unit multifamily property
- Built in 1946
- Bike Score of 53; Bikeable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,980
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,600
$559.6K
Cap Rate 7%
$399,714
$399.7K
Cap Rate 9%
$310,889
$310.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$40.7K $25.44/SF
− Vacancy
−$733 −$0.46/SF
EGI
$40.0K $24.98/SF
− OpEx
−$12.0K −$7.49/SF
NOI
$28.0K $17.49/SF
Area
Riverside, CA
Vacancy
1.80%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,600
Cap Rate 7%
$399,714
Cap Rate 9%
$310,889
Alternative Uses
Best Use
Multifamily LT 5
$399.7K
$349.8K – $466.3K
NOI $27,980 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$365.5K
$319.9K – $426.5K
NOI $25,588 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$548.9K
$480.3K – $640.4K
NOI $38,425 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units provide a multifamily configuration in Riverside.
Where is this triplex located?
The property is located at 3040 Orange Riverside, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit multifamily property; Built in 1946; Bike Score of 53; Bikeable
