Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3407 Kansas Ave Riverside, CA 92507-8808
    Back to Search
    Property profile & analytics

    3407 Kansas Ave, Riverside, CA 92507-8808

    View on Map
    • Apartment buildings
    • 3,323 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Oct 11, 2024
    Property ID
    US09-3212607
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 3407 Kansas Ave

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Zone code
    R1065
    Property type
    Apartment buildings
    APN
    211-102-013
    APU
    211102013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 11, 2024 — Group Xiv Properties LP Group Xiii Properties LP Intrafamily Transfer $845k · Standard Insurance Co
    Aug 10, 2021 $1,600,000 Group Xiii Properties LP Dan Connors Grant Deed $1.6M · Western Alliance Bank
    Sep 9, 2013 — Connors,d & C A B Family Trust Connors Dan Damily Trust Quit Claim Deed · related —
    Apr 1, 2011 $432,000 Connors Dan Family Trust Grant Bobbie L Trust Grant Deed —
    Mar 23, 2011 — Bobbie L Grant Grant,robert J Affidavit Of Death · related —
    Aug 19, 1994 — Robert J Etal Grant Grant,robert J Etux Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $750,000
      6.5%
      $695,000
      7%
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $428,000
      Market price range: $175k - $704k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,080,000
      MEDICAL BUILDING
      $970,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.358
    Latitude
    33.981
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,264
    $104,040
    $728,280
    $832,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      2342 5th St

      APARTMENT HOUSE (5+ UNITS)
      2342 5th St, Riverside, CA 92507-4150
      View Details
    • Value Estimation
      $595,000
      0.53 Acres

      1177 Linden St

      APARTMENT HOUSE (5+ UNITS)
      1177 Linden St, Riverside, CA 92507-0852
      View Details
    • Value Estimation
      $645,000
      1,890 SF

      920 Via Cartago

      APARTMENT HOUSE (5+ UNITS)
      920 Via Cartago, Riverside, CA 92507-0211
      View Details
    • Value Estimation
      $1,680,000
      8,090 SF

      1025 Via Zapata

      APARTMENT HOUSE (5+ UNITS)
      1025 Via Zapata, Riverside, CA 92507-0216
      View Details
    • Value Estimation
      $2,390,000
      14,464 SF

      1120 Linden St

      APARTMENT HOUSE (5+ UNITS)
      1120 Linden St, Riverside, CA 92507-0836
      View Details
    • Value Estimation
      $1,325,000
      6,544 SF

      5925 Sycamore Cyn Blvd

      APARTMENT HOUSE (100+ UNITS)
      5925 Sycamore Cyn Blvd, Riverside, CA 92507-8463
      View Details

    Similar Nearby for Sale

    • $1,800,000

      Riverside Multifamily Investment Opportunity

      Two 4-plex buildings in Riverside with value-add potential.
      421 Devener St, Riverside, CA 92507
      View Details
    • Contact for pricing
      5,712 SF

      Two Riverside 4-Plex Apartment Buildings

      Two 4-plex apartment buildings totaling eight units in Riverside.
      421 Devener St, Riverside, CA 92507
      View Details
    • Contact for pricing

      3681 Cranford Avenue, Riverside, CA 92507

      Apartment buildings
      3681 Cranford Ave, Riverside, CA 92507
      View Details
    • Contact for pricing

      Riverside Multifamily Investment Opportunity

      22,798 SF multifamily property with recent renovations and rental upside.
      1480 7Th St, Riverside, CA 92507
      View Details
    • Contact for pricing
      3,264 SF

      Riverside Multifamily Investment Opportunity

      Five-unit multifamily property in Riverside with stable income potential.
      1195 Spring St, Riverside, CA 92507
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,148 SF

      Riverside Office Space Available

      Office space featuring offices, open workspace, and storage in Riverside.
      1825 Chicago Ave, Riverside, CA 92507
      View Details
    • Contact for pricing
      8,971 SF

      Riverside Office Space for Rent

      Office space featuring multiple offices, reception, and conference room.
      3480 Vine St, Riverside, CA 92507
      View Details
    • Contact for pricing
      7,482 SF

      Free Standing Industrial Building

      Industrial building with office space and freeway access for lease.
      6131 Quail Valley Ct, Riverside, CA 92507
      View Details
    • $1.95 SF/Yr
      55,002 SF

      Riverside Office Space for Lease

      Office spaces with balconies and freeway access available for lease.
      1600 Iowa Ave, Riverside, CA 92507
      View Details
    • Contact for pricing
      10,355 SF

      Industrial Buildings with Yard Space

      Two buildings with substantial yard space, close to freeways.
      1731-1755 Massachusetts Ave, Riverside, CA 92507
      View Details
    • Contact for pricing
      81,140 SF

      Riverside Freestanding Warehouse with Secured Yard

      81,373 SF warehouse with secured yard for lease.
      1188 Mt Vernon Ave, Riverside, CA 92507
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3407 Kansas Ave
    Riverside, CA 92507-8808
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3407 Kansas Ave, Riverside, CA, 92507
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!