Excellent opportunity to own a beautifully updated duplex featuring two spacious 3-bedroom, 2-bathroom units, both to be delivered vacant at closing, offering flexibility for an investor, multi-generational living, or an owner-occupant looking to live in one unit and rent the other. Both units have been expanded with newly constructed primary bedroom and bathroom additions completed in 2026, permitted, approved, and finalized in accordance with City of Riverside requirements. Each residence has its own private address, separate gas and electric meters, individual electrical subpanel, private front and backyard, and one-car garage with automatic garage door opener. The property is fully enclosed with wood and wrought-iron fencing, and each unit has its own automatic wrought-iron entry gate, providing additional privacy and separation. The interiors have been extensively updated with new flooring throughout, recessed lighting, new windows, new doors, window blinds, central A/C and heating, and tankless water heaters. Both kitchens feature new cabinetry, granite countertops, new stove/range, and exhaust fans. Bathrooms feature tile finishes, glass shower doors, new toilets, and new vanities with granite countertops. Bedrooms include mirrored closet doors. Each unit also has its own automatic front-yard sprinkler system, exterior lighting, and attractive landscaping accented by palm trees. Conveniently located near major freeways, shopping centers, schools, dining, and everyday amenities, the property is situated in an area with strong rental demand. With both units delivered vacant, separate utilities, private yards, individual garages, gated entrances, and extensive recent improvements, this property offers an excellent opportunity to establish new rents and choose your own tenants from day one. Two homes. Two private living spaces. One outstanding Riverside investment opportunity.
Duplex featuring a spacious 4-bedroom, 1.5-bath front unit and a separate 2-bedroom, 1-bath rear unit! This property offers a layout that stands out and provides excellent potential for an investor, multi-generational living, or an owner looking to live in one unit while generating rental income from the other. The front unit features a comfortable living room with a ceiling fan, a kitchen with plenty of cabinet space, and generously sized bedrooms. The full bathroom includes a shower/tub combination. The rear unit has been remodeled with new flooring, new carpet, fresh interior paint, and a kitchen featuring white cabinets for a clean, updated look. It offers 2 bedrooms and 1 bathroom with a shower/tub combination. The rear unit also received a new roof approximately five months ago, and the property features newer windows. Situated on a 9,583 sq. ft. lot, there is plenty of outdoor space for both units. A wrought iron fence surrounds the front of the property, while a chain-link fence divides the backyard, giving each unit its own good-sized outdoor area. With two separate units, individual yard spaces, a large lot, and recent improvements, this duplex offers excellent income potential and a great opportunity to add to an investment portfolio. Photos of the back unit were taken prior to tenants moving in
***INCOME OPPORTUNITY - ATTENTION INVESTORS AND MORE!*** Don’t miss this exceptional opportunity to acquire a unique four-unit property (2 units on a lot) near the heart of Downtown Riverside! Situated on a prominent corner lot, this income-producing property features two separate buildings and a highly desirable unit mix consisting of two three-bedroom, two-bathroom residences and two one-bedroom, one-bathroom residences, plus a basement. This versatile configuration is ideal for an investor looking to expand a rental portfolio or an owner-occupant interested in living in one unit while generating income from the others. The charming Craftsman-style building showcases classic architecture, a welcoming covered front porch, mature shade trees and excellent street presence. The second two-story building offers additional residences with separate entrances and convenient access from the surrounding streets and alley. The interiors provide comfortable and functional living spaces with abundant natural light, spacious living rooms, well-appointed kitchens, generously sized bedrooms and a combination of carpet, tile and wood-look flooring. Select improvements include white cabinetry, tasteful countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature generously sized closets, and ceiling fans and wall-mounted climate-control units can be found throughout the property. Additional amenities include a shared laundry facility, gated outdoor areas, paved spaces and multiple parking possibilities. The corner-lot setting provides convenient access and separation between the buildings while mature landscaping adds shade and privacy. Conveniently located near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation and major freeway access, this property offers a compelling combination of location, flexibility and long-term income potential. Whether you are seeking a multi-generational living arrangement, an owner-occupied investment or a valuable addition to your real estate portfolio, this is an opportunity you will not want to miss!
DON’T MISS THIS RARE TWO-HOMES-ON-ONE-LOT OPPORTUNITY! Whether you’re an investor looking for income potential or an owner-user who wants to live in one home and rent the other, this property offers exceptional flexibility. Both residences are ready for immediate occupancy, allowing the new owner to move in or begin establishing market rents right away. Each residence features 2 bedrooms and 1 bathroom and has been refreshed with new interior paint, new flooring, and newly installed wall A/C units, creating a clean, updated and move-in-ready feel. The rear residence offers additional usable space with an attached garage currently converted into an additional bedroom and living area without permits. Buyer to independently investigate and verify permits, square footage, use, rental potential and all property information with the appropriate authorities. Step outside to an expansive backyard offering plenty of room for outdoor entertaining, recreation and future possibilities. Conveniently located near shopping, dining, schools and everyday amenities, with easy access to the 60 Freeway and surrounding Riverside and Inland Empire communities. With two separate 2-bedroom residences, recent improvements and strong rental potential, opportunities like this are hard to find. Ideal for investors, multi-generational living or an owner-occupant looking for additional rental-income potential. Act quickly—this unique two-on-a-lot property is one you won’t want to miss!
A rare opportunity to acquire a single-story apartment complex in Riverside CA. Built in 1959 Three buildings with a total of 9 units consisting of two 1 bedroom 1 bath triplexes, a 2-bedroom 1 bath duplex and a stand-alone unit with 2 bedrooms & one bath. This corner lot property also features a pool, individual electric and gas meters , has 10 covered parking spaces, and is on septic. Conveniently located near the 215 & 60 freeways, and minutes from downtown Riverside. This is the investment that you cannot pass up.
THIS UNIQUE PROPERTY HAS BEEN REHABBED THOUGHOUT THE YEARS WITH EACH UNITS EXQUSITLY MODERN ALL LAMINATE WOOD FLOORS, CROWN MOLDING, CENTRAL AC, GRANITE COUNTERS inside & out of the homes. EACH UNIT HAS APPROX 1800 SQ FT living space EACH, TOTALING 3600 SQ FT ON A 29,185 square foot lot (accesors records). INDIVIDUAL ADDRESS EACH WITH PRIVATE YARDS, CARPORTS, SECURE REMOTE ACCESS GATES, The back of the lot is separately fenced with LARGE GATE ACCESS for large vehicles.. HAS A SEPARATE STORAGE YARD with a very tall carport port & separate workshop/garage with automatic rollup door & a restroom on the side for visitors (permits unknown). BMP zoned, commercial with incidental storage offices however. (READ THE INHERITED CITY ZONE CLAUSE) residential occupancy may still exist, stipulates, cannot be vacant more than 6 months or it's subject to lose that zone status. Next to the railroad tracks with convenient access to the 60/215/91 fwys. Complete Conditions-Report ?Plans-Architecual-Structural Electrical Set Mechanical Set 4 Plan-Check-Responses 7.pdf? ?Plumbing Set 6 Phase 1 City Fire Dept water flow test for an additional 3000 sqft structure in the future subject to design review. PLEASE REVIEW: Based on the proposed scope attached in supplements (such as a Minor Conditional Use Permit or Design Review) are required at this time. The proposed Building Permit applications: BP-2026-08835 BP-2026-09179 BP-2026-09184
Exceptional opportunity to own a beautifully updated and well-maintained income producing triplex in historic Downtown Riverside. This property features a downstairs studio apartment (Unit 1 - 372 sqft), a downstairs 2 bedroom, 1 bathroom apartment (Unit 2 - 982 sqft), and an upstairs 2 bedroom, 1 bathroom apartment (Unit 3 - 906 sqft). All apartments are rented, with Unit 1’s tenant occupying since 2019 and Unit3’s tenant occupying since 2021; Unit 3 was recently re-rented in May 2026. A wonderful attribute of this property is that it has been thoroughly modernized while maintaining its historic charm. Improvements have been numerous including complete re-plumbing with Pex, replaced drain lines, complete electrical re-wire, installation of dual pane windows and new doors, updated kitchens, updated bathrooms including salvaging claw foot tubs in all units, updated flooring throughout, newer water heater, updated window blinds, added mini-split in Unit 3, upgraded insulation, interior and exterior painting, renovated landscape and hardscape, and more! Tenants enjoy an on-site communal laundry room with coin-operated machines, which are leased by owner, as well as a fully-enclosed and private backyard. This is a legal triplex with 3 electric meters, 3 gas meters and one water meter which is paid by owner. Conveniently close to Downtown shopping, restaurants, UCR, RCC, city services, churches, freeways, public transportation including Metrolink and more. Whether you're looking to expand your investment portfolio, generate immediate rental income, or explore other possibilities, this property offers versatility and long-term upside in one of Riverside’s most sought-after rental areas. All pictures shown are when the units were last vacant. All units are currently rented – please do not disturb occupants or walk property without approval.
Wow.”Both Houses Vacant” Awesome Investment opportunity. Beautiful 2 separate Unit Property that has been well kept and remodeled.Front House has 2 drive ways and consist of 3 bedrooms 2 bath house. Back house is 2 bedrooms 2 bath house with a big back yard. Perfect to live in one house and rent the other house to help with the mortgage. Property has new plumbing and electric and mini split AC in the front house. Freshly painted, Newer roof, and newer windows. Both Units also have newer modern laminate floorings.The property also has a separate structure used as a laundry room or bonus room. The property has great curb appeal with beautiful mature trees and great landscaping. The property and both units have been refreshed making this property move in ready and attractive to tenants or owner occupants. Property located near schools,parks, freeways, and shopping centers. Hurry. This property will not last long in the market.
This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset. The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity to Los Angeles Union Station. Regional access is further supported by the 60, 91, and I-215 Freeways, making the property an ideal choice for commuters across the greater Inland Empire. Riverside's economy is anchored by healthcare, higher education, and public sector employment, with major employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside — sustaining consistent housing demand and a stable, creditworthy tenant pool. 4412–4430 Mission Inn Avenue is a stable, income-producing asset in one of Downtown Riverside's most sought-after residential corridors, offering investors exceptional stability and long-term value in a thriving urban market.
Located at 5832-5834 Norwood Avenue, 5816-5853 Persepolis Court, and 10663-10665 Alborz Court, this portfolio is ideally situated near Kaiser Permanente Riverside Medical Center, La Sierra University, and the Galleria at Tyler, placing residents within minutes of the region's most prominent healthcare, education, and retail destinations with direct connectivity via the 91, 60, 15, and I-215 Freeways. Available for purchase together or separately, each duplex is individually parceled across seven lots. The 14-Unit Portfolio spans seven individually parceled lots totaling ±77,102 square feet with ±25,280 square feet of rentable area. Built in 2024 and 2026, each two-story townhome-style duplex averages 1,863 square feet. The unit mix includes four 3-bedroom/2.5-bathroom homes at 1,603 SF, eight 4-bedroom/2.5-bathroom homes at 1,950 SF, and two 5-bedroom/3-bathroom units at 2,034 SF. Every residence features an open-concept layout with high ceilings and abundant natural light, a designer kitchen with center island, quartz countertops, custom self-closing cabinetry, and stainless steel appliances. Additional interior features include luxury vinyl flooring, recessed lighting, ceiling fans, walk-in pantry, walk-in closets, and dual vanities in the primary suite. Each home includes an upper-level laundry room with washer and dryer, central HVAC, and solar energy systems. Exteriors include attached two-car garages, private front and rear yards with patios, and decomposed granite landscaping maintained across all three sites. Situated in southwest Riverside's established La Sierra Acres neighborhood, the portfolio offers suburban tranquility with exceptional regional connectivity. Retail and lifestyle amenities anchored by the Galleria at Tyler and Castle Park enhance resident quality of life, while the La Sierra Metrolink Station (3.7 miles) provides direct transit to LA Union Station. Riverside's major employers — Kaiser Permanente, Riverside Community Hospital, UC Riverside, and Collins Aerospace — drive robust rental demand, reinforcing long-term market stability. This 14-Unit Portfolio is a stable asset in one of Southwest Riverside's most supply-constrained neighborhoods. Whether you are a first-time investor seeking a turnkey entry into the Inland Empire multifamily market or a seasoned investor adding institutional-quality new construction to your portfolio, this is a rare opportunity to acquire a purpose-built, modern asset.
Exceptional investment opportunity with three separate units on one property, offering excellent income-producing potential or flexible multi-generational living. Whether you're looking to live in one unit while generating rental income from the others or expand your investment portfolio, this property offers incredible versatility. Each unit provides its own private living space, making it ideal for long-term tenants or extended family. Conveniently located near shopping, dining, schools, and major commuter routes, this is a rare chance to own a property with multiple streams of rental income and strong future potential. Don't miss this unique opportunity!
Beautiful Wood Streets Craftsman Cottage with a 1-bedroom Guest House. Upon Arrival the welcoming porch with detailed stone pillars and beautiful front Door will usher you into the main home. The beamed ceilings in the entry, living room and dining room set the stage for the many original features this home has to offer. The fireplace is the focal point of the living room along with the view out the large windows looking out to the front porch. The dining room is large and feature an original built in China Hutch. There is a Breakfast nook with beautiful leaded glass windows that would also function as a great office space or craft room. All of the bedrooms are large, and the 2 front bedrooms share the 1st of 2 full bathrooms with private entries. The rear bedroom is located at the rear of the home looking out towards the rear yard. The 2nd full bathroom offers a large vanity and tub/shower combo. The kitchen has been updated with an abundance of cabinets and counter space along with recently replaced appliances. The laundry room for the main house is located just off the kitchen and has added cabinets for storage. The wood floors run throughout the main home and along with many other original features makes this a true "Wood Streets Gem". The guest house is located at the rear of the property behind the garage and was recently remodeled. The private entry opens into the kitchen with updated cabinets and appliances including refrigerator. The eating area and living room is spacious and offer an open concept. The bathroom has an updated shower and recently installed sink, toilet and fixtures. There is a private laundry area for the guest house located in the garage area. The large rear yard has mature landscaping and could be easily separated to allow the guest house to have a private yard. The details this home has to offer are amazing including those special touches like the mailbox on the front porch. Live in the main home and create potential rental income or space for family to live in the Guest home. Homes like this are rarely available to purchase and this one checks off all the boxes.
Excellent investment opportunity. This well-maintained fourplex offers a desirable unit mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, providing strong rental appeal and excellent income potential. Recent property improvements include a new roof and fresh exterior paint, enhancing both curb appeal and long-term value. The property features 4 separate electric meters, 4 separate gas meters, and 1 shared water meter, making utility management efficient. Additional income potential is provided by the community coin-operated laundry room, while 8 on-site parking spaces offer ample parking for residents. Conveniently located near shopping, dining, schools, parks, and major freeways, this income-producing property is situated in a highly desirable rental market. Whether you’re an experienced investor or looking to add a quality multifamily asset to your portfolio, 9079 Colony Place offers a combination of recent upgrades, desirable amenities, and strong long-term investment potential.
Turn-key investor opportunity. Originally built in 2016 and thoughtfully reimagined in 2025, this residence has been transformed into three fully permitted units, all created within the original footprint and finished to a high-end standard. Rental increases on 9/1/26 allow the property to offer a combined $6,600 per month in gross rent across the following unit mix: Unit A – 4BR/2.5BA, approximately 1,445 square feet with a 1-car garage, renting for $3,200 per month; Unit B – 1BR/1BA, approximately 550 square feet, renting for $1,800 per month; and Unit C – a studio of approximately 475 square feet, renting for $1,600 per month. Clever spatial planning ensures that each unit features its own private entrance, a uniquely functional layout, and two dedicated parking spaces. Interior upgrades exceed what is typically found in multi-family configurations, including quartz and granite countertops, vinyl plank flooring throughout, split-unit HVAC systems, vaulted ceilings, recessed lighting, tankless water heaters, stainless steel appliances, and all-new kitchen cabinetry. Situated on a meticulously landscaped .23-acre lot, the outdoor amenities create a serene, park-like environment with multiple shaded pavilions, a fire pit, mature trees, manicured landscaping, and thoughtfully designed outdoor cooking areas. Located conveniently close to Cal Baptist University, University of California at Riverside, most major freeways and local retail hubs. Combining comprehensive remodeling, newer construction, and a strong rent roll, this property presents a rare, turn-key opportunity for investors seeking both quality and cash flow.
Unique investment opportunity featuring approximately 1.5 acres of flat, usable land with substantial existing improvements and exceptional future income potential. The property is currently improved with a custom-built residence of nearly 3,000 square feet with an attached approximately 1,000-square-foot garage, a detached approximately 2,500-square-foot two-story garage with electricity, plumbing, and its own septic system, plus a large workshop with utilities and a vehicle lift. The existing improvements provide numerous possibilities for investors seeking additional dwelling units, multigenerational living, rental income, or future redevelopment, subject to buyer investigation and approval by the City of Riverside. The attached approximately 1,000-square-foot garage may offer future conversion potential, while the detached approximately 2,500-square-foot two-story garage may also present opportunities for additional living space or an ADU, subject to buyer verification and applicable approvals. Beyond the existing improvements, a significant portion of the approximately 1.5-acre parcel remains open and usable, creating additional flexibility for future development. Buyers are encouraged to investigate the potential to construct additional residences, subdivide the property, or pursue other development strategies based on their intended use and applicable City requirements. Adding to the property’s appeal, the adjacent privately owned parcel of similar size is currently under development with four new homes, illustrating the area’s ongoing growth and residential investment activity. Buyers should independently verify all zoning, subdivision, density, development, and permitting requirements with the City of Riverside. Conveniently located approximately three miles from Downtown Riverside with quick access to the 91, 215, and 60 Freeways, this property offers a rare combination of existing improvements, investment flexibility, development potential, and long-term upside.
Welcome to a truly unique opportunity in the highly sought-after Canyon Crest neighborhood of Riverside. Situated on a private cul-de-sac and set on approximately one acre, this exceptional property offers a rare combination of space, flexibility, and income potential. The main residence features approximately 3,000 square feet with a versatile floor plan including two bedrooms, a dedicated office, loft area, multiple living spaces, and three bathrooms. Fresh interior paint and new carpet provide a clean, move-in-ready feel. Adding tremendous value is a brand new, approximately 900 square foot ADU with its own separate address—ideal for multigenerational living, guest accommodations, or immediate rental income. A separate approximately 600 square foot apartment above the four-car garage provides an additional private living space. Possible rental income for both units of approx. $4000. per month. The expansive lot features a natural hillside setting that enhances privacy and creates a peaceful, tucked-away environment while still offering usable outdoor space, a large, covered patio, and built-in spa for entertaining and relaxation. With ample parking, multiple living options, and a highly desirable location near Canyon Crest Country Club, UCR, and local amenities, this is a rare offering that combines lifestyle and investment in one property. Seller requests 2 hour notice. PLEASE DO NOT USE SHOWING TIME- Seller is a licensed CA Real Estate Broker/ Realtor
Have you ever wanted to own every house on the block? Well, now's your chance! There's only 4 houses on this cul-de-sac and you can own all of them! This rare investment property features 4 separate homes on one lot, each with its own private yard, separate utility meters, and dedicated laundry area. 3 of the 4 homes will be delivered vacant, providing immediate flexibility for owner-occupants, investors, multi-generational living, or those looking to maximize rental income. Whether you’re looking to live in one house and rent the others, create housing for extended family, or add a unique income-producing asset to your portfolio, this property offers exceptional versatility and upside potential. ----- Unit 3889: 2 bed / 1 bath (delivered vacant) ----- Unit 3879: 3 bed / 1 bath (delivered vacant) ----- Unit 3867: 2 bed / 1 bath (occupied) ------ Unit 3857: 2 bed / 1 bath (delivered vacant). Opportunities like this dont come around often, see it today!
PRICE IMPROVEMENT! Throughout Three Decades, 4600 Sunnyside Drive has Been Home, and the Opportunity has Come for a New Caretaker of the Property! Built in 1925 and Crafted in Adobe Plaster, the Main Residence is an Example of a Tudor Revival that is Listed in the Palm Heights Historic District and was One of Fourteen Dwellings Constructed During that Period....Enter Through Classic Arched Doorway, the Formal Living Room Greets You Offering Crown Moldings, Built In Bookcase, Gas Adobe Fireplace Encased with Marble, Original Wood Flooring....Primary Bedroom and Full Bathroom are on Lower Level Featuring Azul Mahogany Granite Counters, Rose Marble Flooring, Custom Mosaic Shower Tile...Stairway with Elegant Brass Carpet Runner Stair Rods Provide Access to Second Level Bedroom with Sitting Area and Half Bathroom....Kitchen is Light and Bright with Two Pantry's....Attached to Main House is Permitted Sun Room where Washer and Dryer Hook Ups are Available [main house is 1120 square feet]... The Back Units are in One Permitted Building with New Roof....Unit A is Approximately 400 Square Feet, One Level, Including Full Kitchen, Granite Counters, Island, Waterproof Luxury Vinyl Plank Flooring, New Appliances Installed in 2024, Recessed Lighting, Custom Tile in Full Bathroom....Unit B Offers Two Levels, Bedroom is in Second Level and is Spacious with Views of the Grounds, Skylights, Built In Bookcase, Three Quarter Bathroom... Lower Level, Kitchen and It's Vintage 1950's Sink, Laundry Hook Up, Luxury Vinyl Plank Flooring... Unit is Approximately 720 Square Feet and was Partially Renovated in 2026...There is Common Door that Connects Both Units, Both Units Can Be Combined as One Living Space....The Landscape is Whimsical and Serene Shared by Both Living Areas Accented by Mature Trees, Original Stone Fireplace and 10 x 12 Shed Built in 2024 Built to Code....Ceiling Fans, Stained Glass Light Fixtures, French Doors and Original Window are Just Some of the Many Highlights that Compliment this Fine Incomparable Property...
This is a great opportunity to own a duplex in a prime Riverside location with tons of potential. Both units have been renovated and offer 2 bedrooms and 1 bathroom each, making it a solid option for investors or even an owner-occupant looking to offset their mortgage. One of the units is currently vacant and move-in ready, featuring a spacious living room, a separate kitchen with quartz countertops, a new stove and range hood, and an updated bathroom with matching quartz finishes. There’s also a small private back patio that adds a nice touch of outdoor space. The other unit is tenant-occupied on a month-to-month lease. What really sets this property apart is the lot size and the possibilities that come with it. There’s room to expand the existing units, add a garage or laundry area, or even build an additional unit or another duplex (buyer to verify). It’s a rare chance to add value and maximize returns over time. The location is hard to beat—just minutes from the 91 freeway and close to the Galleria at Tyler, with plenty of shopping, dining, and entertainment nearby. It’s also conveniently located near schools, making it attractive for tenants. Properties like this don’t come around often, Don’t miss out on a strong investment in one of Riverside’s most convenient areas.
TRIPLEX!!! 1 Bedroom & 2 Studio Units! *3342, 3344, 3340 Eucalyptus Ave., Riverside - Rare opportunity to own a beautifully renovated triplex on an oversized 15,681 square foot flat, usable lot in one of Riverside's most sought-after investment corridors, ideally positioned between Downtown Riverside and UC Riverside. Renovated in 2024, this income-producing property blends classic Riverside character with modern updates, creating an outstanding opportunity for investors, owner-occupants, or those seeking multigenerational living. The desirable unit mix includes two studio units and one 1-bedroom, 1-bath unit, offering broad rental appeal for students, professionals, and long-term tenants. Separate gas and electric meters for each unit provide added convenience and simplified property management. The extensive 2024 renovations give the property a fresh, updated feel while maintaining its timeless character. The oversized lot offers exceptional flexibility with space for future expansion, additional parking, outdoor living areas, or potential ADU development (buyer to verify), making this a property with both immediate income potential and long-term upside. The central Riverside location places the property just minutes from Downtown Riverside's restaurants, coffee shops, entertainment venues, museums, and historic attractions. UC Riverside, Riverside City College, local hospitals, and major employment centers are all nearby, helping support consistent rental demand. Convenient access to the 91, 60, and 215 freeways makes commuting throughout the Inland Empire and surrounding areas simple.
RIVERSIDE, NEAR DOWNTOWN, NICE 4 UNIT APARTMENT BUILDING, STOVES, WALL A/C'S, LAUNDRY ROOM WITH 1 WASHER/1 DRYER, LARGE FENCED COURTYARD, GARAGES, SPRINKLERS, CLOSE TO RIVERSIDE CONVENTION CENTER AND MISSION INN, 2 - 1 STORY UNITS ARE IN FRONT BUILDING AND 2 UPSTAIRS UNITS WITH 4 DOWNSTAIRS GARAGES ARE IN SEPARATE BACK BUILDING 3074 LEMON - STUDIO/1BATH (FRONT BUILDING) 3076 LEMON - 1 BDR/1 BATH (FRONT BUIDLING) 3078 LEMON - 1 BDR/1 BATH (BACK BUILDING) 3080 LEMON - 1 BDR/1 BATH (BACK BUILDING) WATER IS PAID FOR TENANTS AT 3074, 3078, AND 3080. ALL UTLITIES ARE PAID FOR TENANT AT 3076.
We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment ideally located near Downtown Riverside. Positioned just off Magnolia Avenue and 14th Street, the property sits within one of Riverside's most desirable neighborhoods, known for its historic character, cultural attractions, and consistent rental demand. The asset spans three contiguous parcels totaling approximately 34,412 square feet and features a unique configuration of five separate buildings. This layout provides enhanced privacy, open space, and a predominantly single-story design, creating a more residential environment compared to traditional apartment complexes. Its proximity to Riverside City College and major transportation corridors further strengthens its long-term tenant appeal. The property offers key amenities that support stable occupancy, including 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. Recent capital improvements such as newer roofs and well-maintained exterior areas contribute to reduced maintenance needs and tenant retention. Additional income potential is supported by stand-alone garages that can be leased for storage, along with two separate owner's rooms that may offer future conversion into additional garages or ADU units, subject to buyer verification. The unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio, catering to a broad tenant base including students, professionals, and families. The property is currently operating at a 6.12% cap rate and 11.11 GIM, providing strong in-place income with upside through gradual rent growth. Located within a highly accessible and tenant-oriented corridor, the property is within walking distance to Riverside City College and under ten minutes from UC Riverside. Nearby amenities include major retail centers, employment hubs, and notable destinations such as the Mission Inn, The Cheech Center, Mount Rubidoux, and the California Citrus State Historic Park. With convenient access to the 91 and 215 Freeways, the property benefits from strong regional connectivity.45454581 Main Street represents a rare opportunity to acquire a well-located, low-density asset with stable cash flow and long-term growth potential in one of Riverside's most supply-constrained markets.
RARE opportunity to own a beautifully updated triplex in the heart of Riverside offering immediate cash flow, exceptional upside, and a unique path to owner occupancy.One unit is currently vacant, creating an ideal opportunity for an owner-occupant to move in and potentially take advantage of owner-occupied financing options, including FHA financing for qualified buyers (buyer to verify with lender), while collecting rental income from the remaining units to help offset monthly housing costs. This is an excellent opportunity for buyers looking to build wealth through 'house hacking.'The property last generated approximately $64,704 in annual income with all three units occupied, with the potential to increase to approximately $85,704 annually through the included architect-prepared, city-approved ADU plans utilizing the existing detached garage (buyer to verify), creating a straightforward path to adding a fourth income-producing unit.Situated on two contiguous parcels totaling approximately 0.33 acres, this investment has undergone extensive recent improvements, including a new roof, complete unit renovations in 2023, fresh interior and exterior paint, and completed termite work, providing a low-maintenance ownership experience.The property features three well-designed units, ample on-site parking, and a detached garage assigned to the larger unit. Tenants pay gas, electricity, and trash, while owner expenses are limited to water and landscaping, contributing to strong operating margins.Ideally located just minutes from UC Riverside, Riverside City College, Downtown Riverside, and convenient access to the 60, 91, and 215 freeways, this property appeals to both seasoned investors and owner-occupants seeking rental income with long-term appreciation potential.Whether you're looking for a strong performing investment or the opportunity to live in one unit while your tenants help pay the mortgage, this property offers flexibility that is increasingly difficult to find.Drive-by only. Please do not disturb tenants. Interior inspection subject to an accepted offer.
ACTUAL 7.18% CAP RATE! Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings located at 421 & 427 Devener Street, built in 1966 with 5,712 rentable square feet on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated. The asset presents a value-add opportunity, with the ability to enhance cash flow through rent growth. Additionally, qualified buyers may benefit from the potential availability of 30-year fixed-rate financing, a significant advantage for investors seeking stable, long-term returns on small-balance multifamily assets. Riverside offers a strong and affordable investment backdrop anchored by steady job growth and a diversified employment base. The city is home to University of California, Riverside and benefits from a large public-sector presence tied to Riverside County, healthcare, education, and logistics. Compared to coastal Southern California markets, Riverside remains relatively affordable, supporting continued in-migration and sustained renter demand. Residents enjoy a robust lifestyle and amenity base, including the historic Mission Inn Hotel & Spa, the Fox Performing Arts Center, and outdoor attractions such as California Citrus State Historic Park. With a population of approximately 323,700 and a median household income near $88,600, Riverside’s demographic and economic fundamentals continue to support long-term multifamily ownership. Overall, 421–427 Devener Street represents an attractive opportunity to acquire a centrally located apartment building in Southern California’s most resilient and investor-friendly inland markets.
Riverside is located in California. Riverside, California has a population of 314,858. Riverside is more family-centric than the surrounding county with 36.33% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Riverside, California is $76,755. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Riverside is 31.9 years.
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 42.4 degrees. The average rainfall is approximately 11.3 inches per year, with 0 inches of snow per year.
