Pleased to exclusively present the opportunity to acquire a five-unit multifamily property built in 1962 with 3,264 rentable square feet on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single-story construction. The property has an on-site laundry room, wall-mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking. Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California, Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long-term economic growth and rental demand. With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an attractive opportunity to acquire a stable, well-located multifamily asset positioned for durable income and long-term appreciation.
***Charming corner-lot duplex in Riverside’s historic district, just steps from the iconic Mission Inn and downtown attractions. This well-located property offers timeless character with recent updates including a new water heater and partial waterline replacement. Ideal for rental income or multi-generational living. Easy freeway access makes commuting a breeze, while the vibrant local scene provides unbeatable walkability to restaurants, shops, and cultural landmarks. A rare opportunity in one of Riverside’s most desirable neighborhoods!
Investment Opportunity: Five Houses on Expansive 1.95 Acres. This unique investment opportunity features five well-maintained houses in the sought-after Woodcrest area of Riverside. These properties offer excellent income potential and are ideal for both seasoned investors and Multi-family living arrangements. Main House was Built in 2007 with 3,046 square feet, upgraded amenities including an extra-large game room, covered patio, and high ceilings, large kitchen with ample cabinet space, granite countertops, and tile flooring throughout, spacious bedrooms, separate dining area, and three full bathrooms, four-car garage. Additional Houses, each rental unit offers privacy with separate driveways and entrances currently all occupied except one, providing immediate rental income. Other Property Highlights, large unused space for additional units, horses, agriculture, parking rental, or other uses, several fruit trees as Orange, Guava, Bananas, lemon and others. Convenient location close to schools and amenities, These five houses on a single lot present a rare investment opportunity with multiple income streams. Whether you are an experienced investor or looking to make your first investment, this property offers flexibility and potential for growth. Don't miss out on the chance to see it for yourself!
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.
