Conveniently located just off Market near the 60 Freeway in Downtown Riverside you'll find this tremendous income producing/positive cash flow and fully leased 4 unit property. The 4 units consists of a 3 bedroom 1.75 bath home and a 3 unit building each with 1 bedroom 1 bath. The 3 units are directly behind the residence and they face Cedar. Each of the 3 units has a one car garage. This is a fabulous opportunity for any investor looking for a great return on investment or a buyer that wants to occupy the house and lease the 3 units which would likely pay the mortgage. Drive by only, please do not disturb tenants. This is absolutely priced to sell, will not last!
Multi-familyProperty Type
1908Year Built
7,946 sq ftLot Size
$326Est. Price/Sq.Ft.
3 car garageParking
Listed by ROBERT MURRAY•DRE #00898968• Vista Sotheby's International Realty
Bought with LEONARDO ESPARZA•DRE #01721278• RE/MAX IMPACT
Great Residential Income Property!!! Fantastic Positive Cash Flow! 4 Units consists of One 3 Bed 1.75 Bath home and a 3 Unit Bldg (each with 1 bedroom & 1 bath). All units currently leased. Close to downtown Riverside, schools and freeway access. Hurry this will go quick!!!
CRMLS #P492713
Mar 24, 2006
Sold
$649,000
$240/sq ft
Feb 2, 2006
Listed
$649,000
$240/sq ft
owner (listor) is an active CA and CO real estate broker. This very unique 4-plex features a 3 bed. 1.75 bath house rented for $1,200/mo(very low) and three (dettached from the house) 1 bedroom 1 bathroom apartments each one with its own one car garage, rented for $750/mo each, rents will be raised in april, no vacancy in the past 3 yrs. Interior and exterior recently painted, new splinklers and grass, tile floors. Close to Riverside downtown, schools and transportation.
CRMLS #I299563
Apr 30, 2003
Listing Removed
—
Oct 23, 2002
Listed
$340,000
$126/sq ft
CRMLS #I282267
Jul 15, 2002
Listing Removed
—
Apr 15, 2002
Listed
$279,000
$103/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
—
Sq. Ft.
—
Year built
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Style
Multi-Family (2-4 Unit)
County
Riverside County
APN
214301017
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 6, 2023.
R-1-7000
EVERGREEN QUARTER
Single Family Residential Zone
Additional Single-family Residential Zones (R-1-1/2 Acre, R-1-13000, R-1-10500, R-1-8500 and R-1-7000) are established to provide areas for single-family residences with a variety of lot sizes and housing choices.
Zone overlays
Evergreen Quarter
Permitted uses
Include but are not limited to:
Agriculture
Greenhouse / nursery
Ranch
Housing-Group
Housing-Single unit
Housing-Other
Agriculture-Cropland
Agriculture-Grove / orchard / vineyard
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 3
# of Parking Spaces: 3
Interior
Cooling Information
Wall Window
Has Cooling
Heating Information
Floor Furnace, Wall Heater
Has Heating
Interior Features
Levels: Two
Unit Type 1 Information
Unit Key Numeric: 79109
Listing Key Numeric: 9527659
Actual Rent: $1,150
Area Units: Square Feet
Total # of Baths: 1
Total # of Beds: 3
Furnished: Unfurnished
Total Rent: $1,150
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 79110
Listing Key Numeric: 9527659
Actual Rent: $2,215
Area Units: Square Feet
Total # of Baths: 1
Furnished: Unfurnished
Total # of Beds: 1
Attached Garage: Yes
# of Garage Spaces: 3
Total Rent: $2,215
Total # of Units: 3
Expenses
Trash: $1,012
Insurance: $119
New Taxes: $4,320
Multi-Unit Information
Net Operating Income: $34,871
Total Building Area: 2,700
Gross Scheduled Income: $40,336
Gross Income: $3,361
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 4
# Of Separate Electric Meters: 4
# Of Buildings: 2
Exterior
Exterior Information
Roof: Composition
Exterior Features
Pool Features: None
Lot Information
Lot Size Source: Assessor's Data
Lot Features: Corner Lot
Property Information
Total # of Units: 4
Common Walls: No Common Walls
Parcel Number: 214301017
Year Built Source: Estimated
Financial
Lease / Rental Details
Operating Expense: $5,464
Utilities
Utilities Information
Sewer Available
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Sidewalks, Street Lighting
Location Information
Latitude: 33.98343600
Longitude: -117.38243800
Directions: Go West on 10th off Market to property
Road Frontage Type: Access via City Streets
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (2-4 Unit)
Year Built: —
Year Renovated: —
County: Riverside County
APN: 214301017
Home facts updated by county records on Jul 6, 2023
Other
Listing Information
Days Active in MLS: 27
Continuous Days Active in MLS: 27
Listing Agent Information
List Agent First Name: ROBERT
List Agent Last Name: MURRAY
Listing Office Information
List Office Name: MURRAY REAL ESTATE
Selling Agent Information
Buyer Agent First Name: LEONARDO
Buyer Agent Last Name: ESPARZA
Selling Office Information
Buyer Office Name: RE/MAX IMPACT
Around this home
Schools
K - 12
Preschool & daycare
Bryant Elementary School
Public K-6 • Assigned • 0.5mi
8/10
Central Middle School
Public 7-8 • Assigned • 0.8mi
4/10
Polytechnic High School
Public 9-12 • Assigned • 2.3mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Riverside offers a great variety of areas to explore, from the historic charm of Downtown and the Wood Streets to the University area and newer neighborhoods like OrangeCrest. Buyers will also find local favorites such as Mount Rubidoux, Victoria...
Avenue, parks, restaurants, and plenty of outdoor spa