Description
Just listed and ideally located just minutes from downtown riverside, this well-maintained four-unit multifamily property offers investors immediate cash-flow with a strong **7.17% cap rate** and a **10.75 grm**. the building features an ideal and versatile unit mix, including one 2-bedroom/1-bath two-story townhouse, one 2-bedroom/1-bath flat, one 1-bedroom/1-bath unit, and a studio apartment—providing a diverse range of rental options for prospective tenants.
the property offers 2,210 square feet of rental space on a 7,840 square foot lot and is separately metered for electricity and gas, ensuring streamlined utility management. tenants enjoy convenient amenities such as garage parking for each unit and access to an onsite laundry facility, enhancing tenant satisfaction and long-term retention.
with its strong in-place income, solid unit mix, and highly desirable location near shops, restaurants, and transit in downtown riverside, this is a rare opportunity for both new and experienced investors seeking a stabilized asset with immediate returns and long-term upside. (can be purchased with 4-plex next door at 4228 10th st riverside)
Property Type
Residential IncomeCounty
RiversideStyle
Residential IncomeAD ID
49683982
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Shingle
- Fireplace: None
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
-
Exterior Features
Building Information
- Year Built: 1941
- Building Area Total: 2,210
- Roof: Shingle
Pool Features
- None
Laundry Features
- Common Area
Fencing
- Brick
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.18
- Lot Size Source: Assessor
- Lot Size Square Feet: 7840
-
Listing Information
Listing Price Information
- Original List Price: 950,000
- Listing Contract Date: 2025-05-08
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 215071004
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 252 - Riverside
- Postal Code Plus 4: 3112
- Directions: Just South of Mission Inn Ave. West of Market St.
- Zoning: R1065
- Source Property Type: Residential Income
- Area: 252 - Riverside
- Property SubType: Apartment
Building and Construction
- Property Age: 84
- Common Walls: 1 Common Wall
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 05/23/2025 @ 10:46
- MLS: CV25102575
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 2,210 sqft, 7,840 sized lot, and 4 parking. are nearby neighborhoods.