ActiveResidential · sale

3318 Celeste

Riverside, CA 92507

$725,000

  • 4 beds
  • 4 baths
  • 2,234 sq ft
  • 0.24 acres
  • Built 1962

Listed by RE/MAX HORIZON · MLS #IV26140475

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1962.

Garage parking

2 garage spaces listed.

Property size

0.24 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Location Location Location Rare opportunity to own a spacious 2234 sq ft home in one of the most desirable neighborhoods adjacent to UC Riverside Featuring 4 bedrooms and 4 bathrooms this versatile property is ideal for owneroccupants multigenerational living student housing or investors seeking strong rental potential in one of Riversides most indemand marketsThe flexible floor plan includes two primary suites one with its own private exterior entranceperfect for extended family guests a home office or the opportunity to generate additional rental incomeRecent UpgradesHouse repiped 2021New HVACair conditioning system 2022Sewer pipe relining 2025New dishwasher 2025Inside youll find a welcoming formal living room with a cozy fireplace a separate family room and a generously sized kitchen with abundant cabinetry and counter space that opens to the main living areasideal for both everyday living and entertaining A dedicated indoor laundry room adds convenience and functionalitySituated on an expansive 10454 sq ft lot the backyard offers endless possibilities to create your dream outdoor retreat whether you envision a garden entertaining space play area or future enhancementsThe location is truly exceptional Just a short walk to UC Riverside this home is an outstanding option for families parents purchasing for a student or investors looking to capitalize on consistent rental demand Convenient access to Interstate 60 and State Route 91 makes commuting throughout the Inland Empire quick and easyOutdoor recreation is just minutes away with the popular Box Springs Mountain C Trail and the beautiful UC Riverside Botanic Gardens nearby Youll also enjoy close proximity to shopping dining parks and the vibrant arts entertainment and restaurant scene in Downtown RiversideFamilies will appreciate access to highly regarded schools including Riverside STEM Academy Harada Elementary School University Heights Middle School and North High SchoolWhether youre searching for a spacious forever home housing for a UCR student or a highperforming investment property this exceptional residence delivers the perfect combination of location flexibility comfort and longterm value Click on the 360 prompt take a virtual tour
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THE NEIGHBORHOOD

Explore the location.

3318 Celeste, Riverside, CA 92507

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1962
Full baths
4
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Refrigerator,Dryer,Washer
Pool
No
Pool features
None
Parcel
251202008
Elementary school
Harada
Middle school
University
High school
North
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$3,020.83
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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3318 Celeste, Riverside, CA 92507 · MLS #IV26140475

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Listing information

MLS #IV26140475 · California Regional MLS

Listing brokerage: RE/MAX HORIZON
Listing agent: YOLANDA SCURLOCK

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.