Remodeled Duplex With Two
3904 Monroe ST Riverside, CA 92504
3904 Monroe ST, Riverside, CA, 92504
$839,000
For Sale
$839,000
Remodeled duplex with two 2-bedroom units, updated systems, and parking including a one-car garage and covered space.
Property Size1,865 SF
Price / SF$449.87
Days on Market77
Property Features for 3904 Monroe ST
General Information
- Standard status
- Active
- Size
- 1,865 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1951
Listing agency
Domus Realty Group
(949) 677-9776
Listed by
Pred Kostic · License #01868627
(949) 677-9776
Source
Exitrealty
Added: May 7 Updated: Jul 21 at 7:24PM Checked: Jul 21 at 7:24PM
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 Domus Realty Group
Investment Insights
Based on property information with market context.
This remodeled duplex includes two separate addresses, 3904 and 3906 Monroe St. The front unit offers 2 bedrooms and 1 bathroom, and the rear unit also offers 2 bedrooms and 1 bathroom. Both units were fully renovated in 2025 with features that include a new roof, waterproof laminate flooring, dual-pane windows, updated kitchen cabinets, new water heaters, mini-split A/C systems, and upgraded electrical panels. A one-car garage is complemented by an additional covered parking space, with an extended driveway providing room for multiple vehicles.
The property is located in the city of Riverside within walking distance to California Baptist University and with convenient access to the 91 Freeway.
Included with the sale is a backyard children’s jungle gym structure.
The property is located in the city of Riverside within walking distance to California Baptist University and with convenient access to the 91 Freeway.
Included with the sale is a backyard children’s jungle gym structure.
Key Highlights
- Remodeled duplex at 3904 & 3906 Monroe St in Riverside, built in 1951 and offering two 2‑bedroom, 1‑bath units
- Front unit has approx. 1,003 sq ft (2BR/1BA); rear unit has approx. 862 sq ft (2BR/1BA)
- Renovations completed in 2025 include new roof, waterproof laminate flooring, dual‑pane windows, updated kitchen cabinets, and new water heaters
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.4k | $22.20 |
| − Vacancy | −$1.9k | −$1.00 |
| EGI | $39.5k | $21.20 |
| − OpEx | −$11.9k | −$6.36 |
| NOI | $27.7k | $14.84 |
1,865 SF · lease $22.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.4K
$346.0K – $461.3K
NOI $27,678 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$353.8K
$309.5K – $412.7K
NOI $24,763 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$639.2K
$559.3K – $745.7K
NOI $44,741 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Remodeled duplex with two 2-bedroom units, updated systems, and parking including a one-car garage and covered space.
Where is this duplex located?
The property is located at 3904 Monroe ST Riverside, CA.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Remodeled duplex at 3904 & 3906 Monroe St in Riverside, built in 1951 and offering two 2‑bedroom, 1‑bath units; Front unit has approx. 1,003 sq ft (2BR/1BA); rear unit has approx. 862 sq ft (2BR/1BA); Renovations completed in 2025 include new roof, waterproof laminate flooring, dual‑pane windows, updated kitchen cabinets, and new water heaters
