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Listed by Douglas McCauley • MARCUS & MILLICHAP
$ 1,800,000
Est. payment | /mo
5,712 SqFt
$ 1,800,000
Est. payment | /mo
5,712 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,712 sqft
Price per Sqft $315
MLS Listing ID CRCV26019708
HOA Y/N No
Year Built 1966
Lot Size 0.330 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings built in 1966 with 5,712 rentable square feet on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated. The asset presents a value-add opportunity, with the ability to enhance cash flow through rent growth. Additionally, qualified buyers may benefit from the potential availability of 30-year fixed-rate financing, a significant advantage for investors seeking stable, long-term returns on small-balance multifamily assets. Riverside offers a strong and affordable investment backdrop anchored by steady job growth and a diversified employment base. The c
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Laundry Common Area
Building
Lot Description Other
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Partner | Lic# 00890767