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$725,000

Est. payment - /mo

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0.72 Acres Lot

New

10351 Wells AVE #1 Riverside, CA 92505

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Armando Minjares

minjaresrealty@gmail.com +1(626) 319-0875

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID IG26190778

HOA Y/N No

Year Built 1948

Lot Size 0.720 Acres

Property Sub-Type Duplex

Property Description

Prime Riverside Investment Opportunity — Two Homes on an Expansive Lot! Exceptional investment opportunity in Riverside! Located at 10351 & 10353 Wells Avenue, this unique property features two separate homes on an impressive 31,363 sq. ft. lot, offering tremendous potential for investors and multi-generational living. The property currently provides existing rental income from two well-maintained units, while the expansive lot presents an exciting opportunity to explore the possibility of adding one or two additional units (Buyer to independently verify development/building potential, zoning, permits, and requirements with the City of Riverside). The front home offers a spacious and inviting living room with recessed lighting and a cozy fireplace, tile and laminate wood flooring, upgraded maple cabinetry, a mini-split HVAC system, pantry/utility room, one-car attached garage, and washer/dryer hookups. Enjoy your own private patio and yard—perfect for relaxing or entertaining family and friends. The rear unit also features upgraded maple cabinetry, washer and dryer hookups, a private yard, and a mini-split HVAC system. Both homes have been thoughtfully upgraded and are well cared for by the current tenants. Additional highlights include a roof replacement completed in 2022 and an abundance of parking, with plenty of room for multiple vehicles, trucks, RVs, recreational toys, and more. Conveniently located near freeways, Galleria Mall, shopping centers, restaurants, and everyday amenities, this property combines current income-producing potential with valuable future possibilities. Opportunities like this are hard to find! Whether you're looking to expand your investment portfolio, generate rental income, or take advantage of the property's substantial land and development potential, this Riverside property is worth a closer look. Don't miss this exceptional investment opportunity!

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Utility Room

Heating Wall Furnace

Cooling Electric, Wall/Window Unit(s)

Flooring Laminate, Tile

Fireplaces Type Living Room

Fireplace Yes

Appliance Dishwasher, Gas Range, Microwave, Refrigerator

Laundry Washer Hookup, Gas Dryer Hookup, Outside

Exterior

Parking Features Door-Single, Driveway, Garage

Garage Spaces 1.0

Garage Description 1.0

Fence Chain Link

Pool None

Community Features Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Total Parking Spaces 1

Private Pool No

Building

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 147220012

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit

Listing Terms Cash, Cash to New Loan, Conventional, Submit

Special Listing Condition Standard, Trust

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Micaela Gaxiola Re/Max Partners 951-212-0853, DRE #01345891

Armando Minjares

Agent License ID: 02161367

+1(626) 319-0875 | minjaresrealty@gmail.com

10351 Wells AVE #1 Riverside, CA 92505

Armando Minjares

Key Details

Location

Interior

Exterior

Building

Others

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10351 Wells AVE #1