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Listed by Douglas McCauley • MARCUS & MILLICHAP
$ 965,000
Est. payment | /mo
3,264 SqFt
$ 965,000
Est. payment | /mo
3,264 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,264 sqft
Price per Sqft $295
MLS Listing ID CRCV26019641
HOA Y/N No
Year Built 1962
Lot Size 9,147 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
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 us
Location
State CA
County Riverside
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Level

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