Two-Bedroom Rental
New
For Sale
Contact for pricing
3845 Locust Street, Riverside, CA 92501
Riverside, CA
Property Size779 SF
Lot Size0.17 Acres
Price / SF$3.08
Days on Market4
Property Features for 3845 Locust Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R1065
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Laundry Room, Bedroom 2
Window features
Insulated Windows, ENERGY STAR Qualified WIndows, Double Pane Windows, Wood Frames
Pets allowed
Dogs OK, Cats OK, Number Limit
Interior features
Quartz Counters, Unfurnished, Ceiling Fan(s)
Exterior features
Satellite Dish, Barbecue Private
Appliances
ENERGY STAR Qualified Appliances, Gas Cooktop, Water Heater, Microwave, Refrigerator, ENERGY STAR Qualified Water Heater, Range Hood, Gas Range, Dishwasher
Lot features
Sprinklers In Front, Sprinklers On Side, Landscaped, 0-1 Unit/ Acre, Level, Park Nearby, Front Yard, Walkstreet, Sprinkler System, Back Yard, Sprinklers In Rear, Yard
Elementary school district
Riverside Unified
Middle school district
Riverside Unified
High school district
Riverside Unified
Directions
North on University Blvd, West on Locust
Subdivision
252 - Riverside
Standard status
Active
APN
214291004
Size
779 SF
Lot size
0.17 Acres
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Central, Natural Gas
Cooling system
Central Air, Gas (Cooling), ENERGY STAR Qualified Equipment
Water source
Private
Amenities
private gated front and side yards
indoor laundry area
separate storage room
dual-pane windows
central heating and air conditioning
Building Details
Year built
1943
Floors in Building
1
Number of units
2
Flooring type
Wood, Vinyl
Building materials
Cement Siding, Stucco
Roof type
Wood, Tile, Shingle
Listing Agency:
Keller Williams Realty
(310) 519-1080
Listed By:
Travares Parker · License #02018388
(310) 210-4620
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 6 at 7:06AM
MLS# SB26233147
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.
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Investment Insights
Based on property information with market context.
This 779-square-foot rear residence offers two bedrooms and one bathroom. The kitchen has quartz counters, new cabinetry, and modern appliances; the bathroom includes quartz wall finishes, a shower, and a contemporary vanity. Vinyl and wood flooring, dual-pane windows, updated plumbing, and modern light fixtures are among the interior features. Central heating and air conditioning, an indoor laundry area, and a separate storage room add practical amenities. Private gated areas extend across the front and side yards. The residence was built in 1943 and has R1065 zoning.
Downtown Riverside destinations named nearby include the Fox Theatre, Mission Inn, Riverside Food Lab, local museums, Main Street Farmers Market, a dog park, and hiking trails at Mt. Rubidoux. Freeway access is also noted. The property is in Riverside, California, 92501.
Downtown Riverside destinations named nearby include the Fox Theatre, Mission Inn, Riverside Food Lab, local museums, Main Street Farmers Market, a dog park, and hiking trails at Mt. Rubidoux. Freeway access is also noted. The property is in Riverside, California, 92501.
Key Highlights
- Two‑bedroom, one‑bath rear residence with 779 square feet
- Updated kitchen with quartz counters, new cabinetry, and modern appliances
- Gated front and side yards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,458
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,160
$249.2K
Cap Rate 7%
$177,971
$178.0K
Cap Rate 9%
$138,422
$138.4K
Market Conditions
NOI Build-Up for 779 SF
Gross rent
$23.1K $29.64/SF
− Vacancy
−$439 −$0.56/SF
EGI
$22.7K $29.08/SF
− OpEx
−$10.2K −$13.08/SF
NOI
$12.5K $15.99/SF
Area
Riverside, CA
Vacancy
1.90%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,160
Cap Rate 7%
$177,971
Cap Rate 9%
$138,422
Alternative Uses
Best Use
Apartment 5plus
$178.0K
$155.7K – $207.6K
NOI $12,458 @ 7.0% cap · market cap 519.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$267.3K
$233.9K – $311.8K
NOI $18,708 @ 7.0% cap · market cap 779.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,062
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
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Frequently Asked Questions
What type of property is this?
Residential income property - The rear residence combines updated interiors with gated outdoor space, central heating and air conditioning, and indoor laundry.
Where is this residential income property located?
The property is located at 3845 Locust Street Riverside, CA.
What are key features of this property?
This property features: Two‑bedroom, one‑bath rear residence with 779 square feet; Updated kitchen with quartz counters, new cabinetry, and modern appliances; Gated front and side yards
