4320 Ambs Dr, Riverside, CA 92505

Property Description

This exceptional property offers outstanding income-producing potential and is ideal for multigenerational living. Conveniently located across from an elementary school and just minutes from La Sierra University, it features two separate residences with a combined 2,518 square feet of living space The first home offers 1,318 square feet, including a new 500-square-foot addition, and features 3 bedrooms, 2 bathrooms, a spacious primary suite, and a dedicated laundry room. The second home, newly constructed in 2020, also includes 3 bedrooms, 2 bathrooms, a primary suite, and a laundry room, providing modern comfort and privacy. A standout feature of the property is the newly built 900-square-foot workshop/RV garage (35' x 25') with 14-foot ceilings and a full bathroom, making it ideal for a workshop, RV storage, recreational vehicles, or additional storage. Additional improvements completed in 2020 include a 500-square-foot covered patio and an expansive concrete driveway, offering ample parking and easy access. Situated on a generous 20,909-square-foot lot, the property includes two automatic gated entrances for added security and convenience. The beautifully landscaped grounds feature a variety of mature fruit trees, including orange, mandarin, guava, passion fruit, lemon, medlar, three Guamúchil trees, and pomegranate. Each residence has its own electrical meter, making this property perfect for owner-occupancy while generating rental income from the second home. With its prime location near schools, shopping, and other local amenities, this is a rare investment opportunity. Buyer to verify with the City's Planning Department, but the property may have the potential to accommodate up to four additional residential units.