3974 5th Street, Riverside, CA 92501

About this home

Discover a unique income-generating property in the heart of Downtown Riverside! This beautifully remodeled Craftsman-style home, originally built in 1922, offers exceptional flexibility for homeowners, investors, or buyers seeking rental income. The property features 10 potential rentable rooms, including 6 bedrooms, with multiple living areas and private entrances. The main level includes a spacious living room with fireplace, two bedrooms, and a bathroom. A separate entrance leads to an additional living area with a living room, kitchenette, two bedrooms, and bathroom. The second level features a living room, den, two bedrooms, and a third bathroom, while exterior stairs lead to an additional bedroom and loft. A mother-in-law suite with private access and bathroom provides an ideal space for a tenant, extended family member, or guest. Recent improvements include new kitchen cabinets and countertops in 2019, a new roof on the house and garage in 2020, luxury vinyl plank and tile flooring, a remodeled kitchen with granite countertops and stainless steel appliances, and updated central air conditioning and heating. The gated property offers a detached four-car garage, additional parking, and rear alley access. Located within walking distance of Downtown Riverside restaurants, the historic Mission Inn, public library, Riverside City College, Riverside Convention Center, shopping, dining, entertainment, and local attractions, the location adds to the property's rental appeal. An appraisal is available for prospective buyers. Whether you're seeking a primary residence with income potential, multigenerational living, or an investment opportunity, this distinctive Downtown Riverside property offers character, flexibility, and income-generating potential.