$1,475,000

Estimated payment $8,606/month

8 Beds
6 Baths
3,553 Sq Ft
$415 Price per Sq Ft

Highlights

  • Lawn
  • Fireplace
  • Laundry Facilities
  • No HOA
  • Central Heating and Cooling System

About This Home

***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, granite countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature walk-in 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!

Listing Agent

Ryan McKee

ELEVATE REAL ESTATE AGENCY Brokerage Phone: 951-394-3554 License #01843253 Listed on: 09/04/2026

ELEVATE REAL ESTATE AGENCY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 5,663 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 3,553 Sq Ft Home
  • 2-Story Property
  • Fireplace

Bedrooms and Bathrooms

  • 8 Bedrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Wall Furnace
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 7 / 12
  • Assessor Parcel Number 215201007
  • $79 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $2,500
  • Trash Expense $800
  • Water Sewer Expense $1,080
  • Operating Expense $21,600
  • Gross Income $9,735
  • Net Operating Income $7,935

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

5,663 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1080.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 215201007
  • Year Built: 1975
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 8
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 415.14

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Central
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 800.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Gutters, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 5663.00
  • Lot Size Acres: 0.1300

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 9735.00
  • Gross Scheduled Income: 9735.00
  • Insurance Expense: 2500.00
  • Lot Size Area: 5663.0000 Square Feet
  • Net Operating Income: 7935.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 1800.00
  • Rent Control: Yes
  • Total Actual Rent: 9735.00
  • Total Expenses: 21600.00

Tax Info

  • Tax Block: 12
  • Tax Lot: 7
  • Tax Tract Number: Unknown
  • TaxOtherAnnualAssessmentAmount: 79.00

Map

Range of Values:

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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 $5,613 $508,685 $131,875 $376,810
2025 $5,429 $498,712 $129,290 $369,422
2023 $5,429 $479,348 $124,270 $355,078
2022 $5,306 $469,950 $121,834 $348,116
2021 $5,235 $460,737 $119,446 $341,291
2020 $5,195 $456,014 $118,222 $337,792
2019 $5,097 $447,073 $115,904 $331,169
2018 $4,998 $438,308 $113,633 $324,675
2017 $4,909 $429,714 $111,405 $318,309
2016 $4,594 $421,289 $109,221 $312,068
2015 $4,529 $414,964 $107,582 $307,382
2014 $4,486 $406,838 $105,476 $301,362
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 Prior Sale
09/04/2026 09/04/26 For Sale $1,475,000 +264.2% $415 / Sq Ft
12/28/2012 12/28/12 Sold $405,000 -8.0% $116 / Sq Ft View Prior Sale
10/13/2012 10/13/12 Pending -- -- --
10/02/2012 10/02/12 For Sale $440,000 -- $126 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase 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 Type Sale Price Title Company
Grant Deed $405,000 Ticor Title Company
Trustee Deed $285,500 Ticor Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $595,000 First American Title Company
Grant Deed $425,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Closed $171,575 Commercial
Previous Owner $3,000,000 Commercial
Previous Owner $535,500 Commercial
Previous Owner $340,000 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV26185431

California Regional Multiple Listing Service (CRMLS)

APN: 215-201-007

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