EXCEPTIONAL INVESTMENT OPPORTUNITY IN DOWNTOWN RIVERSIDE'S HISTORICAL DISTRICT! Located just moments from iconic MISSION INN HOTEL & SPA, this well situated 6-UNIT property offers charm, conveniance, and strong rental appeal in one of Riverside'most desirable areas. The Unit Mix includes:TWO 2-BEDROOM/1-BATH UNITS & FOUR STUDIO UNITS Situated in the heart of Downtown Riveside Tenants enjoy close proximity to shopping, dining, entertainments, and appriciate easy access to the 91, 60 and 15 Freeways. Whether you are looking to expand your portfolio or secure a prime Multi-Unit property in a historic and high-demand location, this is an Outstanding Opportunity.
- MLS# SW26039350
- Date Listed02/19/2026
- Bedrooms -
- Bathrooms
- Lot Size 0.21 acres (9,100 sq. ft)
- County Riverside
- Square Feet 7,100 sq. ft
- Price Per Sq. Ft $139.44
Exterior / Lot Features
- Roof -
- Lot Size Acres 0.21
- Lot Size SQFT 9,100.00
- Lot Features Six To Ten Units Acre
Directions
off the 91 fwy east, turn left and follow to Locust on cul-de-sac
Financial Considerations
- Tax Amount $3,309
- Terms Cash, Conventional, FHA, VA Loan
Schools near 92501
Explore the local neighborhood highlights and top-rated schools near 92501 in Riverside, CA.
Nearby Schools
Source: School Digger
Riverside County Community School
Public • 1 - 12 • Serves this home
0.35 mi
Distance
Public • 7 - 8 • Serves this home
1.39 mi
Distance
Public • 10 - 13 • Serves this home
0.35 mi
Distance
Riverside County Community School
Public • 1 - 12 • Serves this home
0.35 mi
Distance
Public • PK - PK
0.35 mi
Distance
Public • PK - 6
1.74 mi
Distance
Patricia Beatty Elementary School
Public • PK - 6
1.83 mi
Distance
Public • PK - 6
2.34 mi
Distance
Public • PK - 6
2.52 mi
Distance
Public • PK - 6
2.52 mi
Distance
Public • PK - 6
2.88 mi
Distance
Pacific Avenue Elementary School
Public • PK - 6
3.35 mi
Distance
Public • PK - 6
3.38 mi
Distance
Public • 7 - 8 • Serves this home
1.39 mi
Distance
Flabob Airport Preparatory Academy
Public • 6 - 12
2.54 mi
Distance
University Heights Middle School
Public • 7 - 8
3.41 mi
Distance
Public • 7 - 8
3.67 mi
Distance
Public • 7 - 12
3.77 mi
Distance
Public • 7 - 8
4.19 mi
Distance
Public • 7 - 8
4.4 mi
Distance
Public • 5 - 12
6.01 mi
Distance
Public • 7 - 8
6.79 mi
Distance
Public • 7 - 8
7.4 mi
Distance
Public • 10 - 13 • Serves this home
0.35 mi
Distance
Gateway College And Career Academy
Public • 9 - 12
1.39 mi
Distance
Abraham Lincoln Continuation High School
Public • 10 - 12
1.64 mi
Distance
Public • 9 - 12
2.55 mi
Distance
Public • 9 - 12
3.5 mi
Distance
Raincross High (continuation) School
Public • 9 - 12
4.4 mi
Distance
Public • 9 - 12
4.43 mi
Distance
Public • 9 - 12
5.04 mi
Distance
Nueva Vista Continuation High School
Public • 10 - 12
5.48 mi
Distance
Public • 9 - 12
5.53 mi
Distance
Private • KG - 12
3.4 mi
Distance
Private • 09 - 12
3.77 mi
Distance
Private • KG - 12
8.83 mi
Distance
Bright Futures Academy, Riverside
Private • KG - UG
9.21 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price |
|---|---|---|---|---|
| 4473 Main Street | 3 | 1 | Jun 29, 2026 | $305,000 |
| 4039 4th Street | 3 | 2 | Jun 29, 2026 | $359,900 |
| 4048 9th Street | 2 | 1 | Jun 29, 2026 | $285,000 |
| 4437 10th Street | 3 | 2 | Jun 29, 2026 | $425,000 |
| 4583 University Avenue | 3 | 1 | Jun 29, 2026 | $449,900 |
| 4174 El Dorado Street | 4 | 1 | Jun 29, 2026 | $313,000 |
| 3991 Redwood Drive | 3 | 3 | Jun 29, 2026 | $499,000 |
| 4080 Rice Road | 2 | 2 | Jun 29, 2026 | $429,900 |
| 4143 Miramonte Place | 3 | 3 | Jun 29, 2026 | $465,000 |
| 4158 Redwood Drive | 3 | 2 | Jun 29, 2026 | $417,000 |
Local Neighborhood Highlights for 92501
Discover key demographics, population statistics, and environmental insights for the Riverside, CA area.
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 22,107 | 324,101 | 2,509,689 | 335,858,263 |
| Population Density | 3,911 | 3,992 | 348 | 95 |
| People per Household | 3 | 3.2 | 3.2 | 2.6 |
| Median Age | 35.1 | 33.8 | 36.3 | 39.1 |
| Median Income | $64,005 | $71,599 | $70,543 | $66,222 |
| Average Income | $25,779 | $27,391 | $29,227 | $35,475 |
| Cost of Living Index | 118 | 127 | 126 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 42°F | 42.7°F | 38.4°F | 22.6°F |
| July Avg. High Temp | 93.5°F | 94.1°F | 97.8°F | 86.2°F |
| Annual Precipitation | 10.67" | 10.22" | 12.55" | 38" |
93/100
Walker's Paradise
Walk Score ®
48/100
Some Transit
Transit Score ®
69/100
Bikable
Bike Score ®
Overview
Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.
Transit Summary
15 nearby routes: 12 bus, 3 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 21/100, Bike Score: 39/100.
Property Change History
Points of Interest near 3848 Locust, Riverside, CA 92501
528 ft
Distance
686 ft
Distance
898 ft
Distance
1003 ft
Distance
686 ft
Distance
898 ft
Distance
898 ft
Distance
950 ft
Distance
1003 ft
Distance
528 ft
Distance
686 ft
Distance
898 ft
Distance
1003 ft
Distance
898 ft
Distance
1003 ft
Distance
898 ft
Distance
0.2 mi
Distance
898 ft
Distance
739 ft
Distance
792 ft
Distance
792 ft
Distance
739 ft
Distance
792 ft
Distance
792 ft
Distance
898 ft
Distance
950 ft
Distance
0.2 mi
Distance
0.21 mi
Distance
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Frequently Asked Questions for 3848 Locust
Source: Realty.com
3848 Locust, Riverside, CA 92501 in Riverside, CA 92501 is a multi family listed at $990,000. Highlights include 7,100 sq. ft., 0.21 acre lot, $139 per sq. ft.. Realty.com has 6 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 6 photos of 3848 Locust.
The full address for this home is 3848 Locust, Riverside, CA 92501.
3848 Locust has been listed on Realty.com since Thu February 19, 2026
Daily errands do not require a car. A few nearby public transportation options. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 21/100, Bike Score: 39/100.
There are 3 schools assigned to this home. Check out the schools near 3848 Locust. Riverside County Community School (Grades: 1 - 12), Central Middle School (Grades: 7 - 8), Riverside County Youthbuild (Grades: 10 - 13)
Listing provided courtesy of:
Century 21 Affiliated
(tel: 951-491-7000)
Listing agent:
Ardavan Mofid
(tel: 310-948-6071)
(#SWMODFARD)
This content last refreshed on 2026-08-17 12:02:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.