16 days on rocket

2029 Patterson St, Riverside, CA, 92507

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2029 Patterson St, Riverside$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAttached Carport
Garage2 spaces
Year Built1916
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #NP24212367
Lot Size0.30 Acres
StatusActive

About 2029 Patterson St

Welcome to 2029 Patternson Street, an exceptional triplex investment opportunity situated on a 13,068 sq ft lot. A newly constructed ADU, completed in 2024, offers 1,199 sq ft of living space, including 3 bedrooms, 2.5 bathrooms, a 2-car garage, and separate utilities, with a projected rental income of $3,400 per month. The front two units provide a total of 1,762 sq ft of living space. The downstairs unit consists of approx. 1,162 and offers 3 bedrooms, 2 bathrooms, in-unit laundry, and is currently rented on a month-to-month basis for $2,700. The upstairs unit is a 1-bedroom, 1-bathroom unit, approx. 600 Sq. ft. also rented month-to-month for $1,750. Both front units share utilities. The property features a newly paved driveway and a brand-new sliding gate, providing additional privacy and security.

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Stories: 2

Listing Office:

  • Office Name: Berkshire Hathaway HomeService
  • Office Phone: (949) 554-4155
  • Listing Agent: Aaron Khosh

Interior Features

Interior Information:

  • Flooring Type: Vinyl
  • Interior: Ceiling Fan(s), Open Floorplan, Quartz Counters, Recessed Lighting
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Attached Carport

Lot Features

Lot Information:

  • Lot Size: 0.30 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • John W. North High School, Public District Grades 9-12
  • Riverside Virtual, Public District Grades KG-12
  • University Heights Middle School, Public District Grades 7-8
  • Longfellow Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Cross streets Third and Kansas Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000

Tax Information:

  • Annual Amount: $3,615
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Riverside, CA.

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Riverside, CA

City

Med. Sold Price

$654.9K

Med. Price/SqFt

$374

Avg. Days On Market

32

# of Sold Homes

177

2029 Patterson St vs Riverside

16 DAYS ON ROCKET

-16 Days

$1,250,000

+$595K More

KEY TAKEAWAY

This property is $595K more than the Median Sold Price in Riverside, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #NP24212367

Listing Office:

  • Office Name: Berkshire Hathaway HomeService
  • Office Phone: (949) 554-4155
  • Listing Agent: Aaron Khosh

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 13, 2014Home Sold
$270,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,615$319,071
2020$3,614$315,800
2018$3,478$303,540
2017$3,069$297,590

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-880158
3
/10

  • Longfellow Elementary School

  • 3610 Eucalyptus Ave

  • 0.28 miles

  • Public District Grades KG-6

Middle School

school-card-donut-880159
4
/10

  • University Heights Middle School

  • 1155 Massachusetts Ave

  • 1.18 miles

  • Public District Grades 7-8

High School

school-card-donut-880160
5
/10

  • John W. North High School

  • 1550 3rd St

  • 0.60 miles

  • Public District Grades 9-12

school-card-donut-880161
6
/10

  • Riverside Virtual

  • 4011 14th St

  • 1.52 miles

  • Public District Grades KG-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,128. Typical income of Riverside, CA residents is between $35k-100k annually. Typical family type is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Riverside County›Riverside›92507›2029 Patterson St

This home is located at 2029 Patterson St in Riverside, CA and zip code 92507 in the Eastside neighborhood. This home, which was built in 1916, sits on a 0.30 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $1,250,000.

Over 69 listings were sold over their listed price in September 2024 in Riverside, CA. In the same period over 65 listings were sold below the listed price and 43 listings were sold for the listed price. Between August 2024 and September 2024, Riverside, CA real estate market has seen decrease in the number of listings by 2.7%. In September 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $654,996.

From Rocket Homes Real Estate and based on county public records data.

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