4152 Locust St, Riverside, CA 92501

Property Description

This unique property presents an incredible opportunity with three homes on one lot, each featuring its own garage, private laundry hookups, backyard, parking space, and separate gas and electric meters, making utility payments straightforward for all residents. This versatile property is perfect for multigenerational living, allowing families to stay close while enjoying their independence—ideal for parents, adult children, and grandparents to live together yet separately, potentially saving on childcare and elder care expenses.Additionally, this property offers excellent income-generating potential: live in one home and rent out the other two to create a steady income stream and help offset your mortgage. All three homes can be rented out individually, ensuring that each tenant has control over their own utilities. For investors, this property is also perfect as a vacation rental, attracting large groups and families seeking private yet connected accommodations. Its prime location near four colleges, downtown Riverside, and within an hour's drive of Disneyland, Knott's Berry Farm, and multiple beaches makes it highly desirable for short-term stays. Moreover, the layout allows for a home office, creative studio, or workspace while still providing rental income from the other homes. With endless possibilities, this property is also suited for a group home, assisted living facility, or corporate housing, offering executives comfortable and private living arrangements. With such a wide range of options, this property caters to buyers looking for privacy, flexibility, and income potential. Don’t miss out on this amazing opportunity—book an appointment today to see how this unique property can enhance both your lifestyle and investment portfolio! Great Investment & possible value ad, with plenty of room to add an accessory dwelling unit.