Price Reduced ListingInvestment Opportunity in Desirable Gated Community - Tenant Occupied Through Current Lease Term ending Mar 31 2027. This is an Exceptional opportunity to add a well-maintained, income-producing property to your investment portfolio. Located within a sought-after gated community, this spacious 3-bedroom, 2.5-bath residence offers approximately 1,691 square feet of living space on a 2,613-square-foot lot and is currently tenant occupied, providing immediate rental income potential. Originally designed as one of the community's model homes, the property showcases numerous upgrades throughout, including granite countertops, rich cherry wood cabinetry, crown molding, recessed lighting, panelized doors, and attractive laminate flooring. The functional open-concept layout creates an inviting living environment that appeals to long-term tenants and owner-occupants alike. The well-appointed kitchen features custom cabinetry, granite counters, ample storage, and durable tile flooring, making it both stylish and practical for everyday living. A convenient half-bath is located on the main level for guests. All bedrooms are situated upstairs, providing privacy and separation from the main living areas. The spacious primary suite features laminate flooring and an ensuite bathroom highlighted by a beautifully tiled walk-in shower and dual-sink vanity. Secondary bedrooms offer generous closet space, ceiling fans, and easy access to the upstairs guest bath, which includes granite finishes and a tiled tub/shower surround. Additional features include a dedicated laundry room, attached two-car garage, newer HVAC system, updated garage door, and newer water heater, helping minimize future maintenance concerns. Residents enjoy access to community amenities, including a sparkling pool, playground, and beautifully maintained common areas. Conveniently located near shopping, dining, schools, and major commuter routes, this property offers strong tenant appeal and long-term investment potential. Whether you're expanding an existing portfolio or acquiring your first investment property, this turnkey residence presents an excellent opportunity to own a quality asset in a highly desirable community. Property is tenant occupied and will be sold with tenants in place. A solid opportunity for investors seeking an established rental property with existing income potential and great CAP rate.
| MLS # | OC26134236 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $245 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 61 |
| Listing Provided By | First Team Real Estate | Bryan Martin |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,691 |
| Garage | 2 |
| Story(s) | 2 |
| Units | 1 |
| Acreage | 0.06 |
| Property View | Yes |
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Crown Molding, Separate Formal Dining Room, High Ceilings, Open Floorplan, Stone Counters, Two Story Ceilings, All Bedrooms Up, Primary Suite |
| Window Features | Blinds, Double Pane Windows, Drapes, Insulated Windows, Screens |
| Appliances | Six Burner Stove, Dishwasher, Gas Oven, High Efficiency Water Heater, Ice Maker, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
| Roof | Spanish Tile |
|---|---|
| Construction Materials | Stucco |
| Foundation Details | Slab |
| Lot Features | Landscaped, Level, Yard |
| Fencing | Vinyl |
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway, Driveway Up Slope From Street, Garage Faces Front, Garage, Garage Door Opener, Paved |
| Garage Yes / No | Yes |
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
| Community Features | Curbs, Gutters, Storm Drains, Street Lights, Suburban, Sidewalks, Pool |
|---|
| State | CA |
|---|---|
| County | Riverside |
| City | Riverside |
| Zip Code | 92503 |
| Area | 252 Riverside |
| Listing VS Median (in 92503) | |
Price: $535,000 low | high Med: $617,495 sqft: 1,691 low | high Med: 1,380 $ / sqft: $316 low | high Med: $464 On site: 61 low | high Med: 83.5 | |
| State | CA |
|---|---|
| County | Riverside |
| City | Riverside |
| Zip Code | 92503 |
| Area | 252 Riverside |
| Listing VS Median (in 92503) | |
Price: $535,000 low | high Med: $617,495 sqft: 1,691 low | high Med: 1,380 $ / sqft: $316 low | high Med: $464 On site: 61 low | high Med: 83.5 | |