$1,700,000

Estimated payment $9,840/month

Total Views 533
12 Beds
9 Baths
6,208 Sq Ft
$274 Price per Sq Ft

Highlights

  • In Ground Pool
  • Corner Lot
  • Central Heating and Cooling System
  • 0.43 Acre Lot
  • No HOA
  • 1-Story Property

About This Home

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.

Listing Agent

Jerritt Watts

Hartnell & Blesch Real Esate Brokerage Phone: 909-725-9400 License #01398850 Listed on: 09/08/2026

Co-Listing Agent

Benjamin Hartnell

Hartnell & Blesch Real Esate Brokerage Phone: 909-725-9400 License #01466076

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 18,731 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,208 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 9 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Overhead Utilities
  • Aerobic Septic System

Additional Features

  • In Ground Pool
  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 2 / 26
  • Assessor Parcel Number 247105004
  • $171 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 9 Units

Recreation

  • Community Pool

Building Details

  • 9 Leased Units
  • 10 Separate Electric Meters
  • 9 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $4,230
  • Gardener Expense $1,920
  • Insurance Expense $5,000
  • Pest Control $2,860
  • Pool Expense $5,880
  • Professional Management Expense $11,195
  • Trash Expense $4,580
  • Water Sewer Expense $5,830
  • Operating Expense $41,765
  • Gross Income $111,948
  • Net Operating Income $75,183

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0.43 Acres

Listing Details

  • Professional Management Expense: 11195.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5830.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 247105004
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 9
  • Total Bedrooms: 12
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 273.84

Exterior Features

  • Pool Expense: 5880.00
  • Pool Features: In Ground, Community
  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace, Central
  • Pest Control Expense: 2860.00
  • Sewer: Aerobic Septic
  • Trash Expense: 4580.00
  • Water Source: Public
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Utilities - Overhead
  • Lot Size Sq Ft: 18731.00
  • Lot Size Acres: 0.4300

Rental Info

  • Tenant Pays: Gas, Telephone, Electricity

Multi Family

  • Electric Expense: 4230.00
  • Gross Income: 111948.00
  • Gross Operating Income: 111338.00
  • Gross Scheduled Income: 111948.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 18731.0000 Square Feet
  • Net Operating Income: 75183.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 9
  • Number Of Units Total: 9
  • Operating Expense: 41765.00
  • Rent Control: No
  • Total Expenses: 41765.00

Tax Info

  • Tax Block: 26
  • Tax Lot: 2
  • TaxOtherAnnualAssessmentAmount: 171.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $4,983 $442,365 $146,405 $295,960
2025 $4,823 $433,692 $143,535 $290,157
2023 $4,789 $416,853 $137,962 $278,891
2022 $4,695 $408,680 $135,257 $273,423
2021 $4,608 $400,667 $132,605 $268,062
2020 $4,573 $396,560 $131,246 $265,314
2019 $4,488 $388,785 $128,673 $260,112
2018 $4,401 $381,162 $126,150 $255,012
2017 $4,324 $373,689 $123,677 $250,012
2016 $4,050 $366,362 $121,252 $245,110
2015 $3,997 $360,861 $119,432 $241,429
2014 $3,961 $353,794 $117,094 $236,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/08/2026 09/08/26 For Sale $1,700,000 -- $274 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IG26193774

California Regional Multiple Listing Service (CRMLS)

APN: 247-105-004

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