1195 W Spring St Riverside, CA 92507
Highgrove NeighborhoodHighlights
- Laundry Room
- Level Lot
- 1-Story Property
About This Home
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.
Listing Agent
MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 01/27/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 9,148 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 3,264 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Parking
- 4 Open Parking Spaces
- 9 Parking Spaces
- 5 Carport Spaces
- Parking Available
Utilities
- Septic Type Unknown
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 88044
- Assessor Parcel Number 247105005
- $163 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $5,000
- Maintenance Expense $5,000
- Other Expense $800
- Trash Expense $6,360
- Water Sewer Expense $4,000
- New Taxes Expense $10,872
- Operating Expense $34,732
- Gross Income $95,460
- Net Operating Income $58,240
Additional Features
- 5 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $6,059 | $549,537 | $187,740 | $361,797 |
| 2023 | $6,059 | $528,199 | $180,450 | $347,749 |
| 2022 | $5,897 | $517,843 | $176,912 | $340,931 |
| 2021 | $5,788 | $507,691 | $173,444 | $334,247 |
| 2020 | $5,744 | $502,486 | $171,666 | $330,820 |
| 2019 | $5,637 | $492,634 | $168,300 | $324,334 |
| 2018 | $5,526 | $482,975 | $165,000 | $317,975 |
| 2017 | $4,870 | $423,300 | $153,000 | $270,300 |
| 2016 | $4,309 | $391,388 | $152,891 | $238,497 |
| 2015 | $4,116 | $372,750 | $145,610 | $227,140 |
| 2014 | $3,966 | $355,000 | $138,676 | $216,324 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/27/2026 01/27/26 | For Sale | $965,000 | +93.9% | $296 / Sq Ft | |
| 10/31/2017 10/31/17 | Sold | $497,800 | 0.0% | $146 / Sq Ft | View Prior Sale |
| 09/12/2017 09/12/17 | Pending | -- | -- | -- | |
| 02/07/2017 02/07/17 | For Sale | $497,800 | +20.0% | $146 / Sq Ft | |
| 04/15/2016 04/15/16 | Sold | $415,000 | -11.7% | $122 / Sq Ft | View Prior Sale |
| 04/01/2016 04/01/16 | Pending | -- | -- | -- | |
| 03/31/2015 03/31/15 | For Sale | $470,000 | -- | $138 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26019641
APN: 247-105-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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 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.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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