Listed by Ruby Pineda•DRE #01734964• Blue Monkey Realty
Listed by Elliott Polanco•DRE #02028374• Blue Monkey Realty
Contact: 951-313-5229
For sale
$1,350,000
Est. $9,228/mo —
9
bd
•
5 ba
•
4,113
sq ft
9079 Colony Pl, Riverside, CA 92503
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About this home
Excellent investment opportunity. This well-maintained fourplex offers a desirable unit mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, providing strong rental appeal and excellent income potential. Recent property improvements include a new roof and fresh exterior paint, enhancing both curb appeal and long-term value. The property features 4 separate electric meters, 4 separate gas meters, and 1 shared water meter, making utility management efficient. Additional income potential is provided by the community coin-operated laundry room, while 8 on-site parking spaces offer ample parking for residents. Conveniently located near shopping, dining, schools, parks, and major freeways, this income-producing property is situated in a highly desirable rental market. Whether you’re an experienced investor or looking to add a quality multifamily asset to your portfolio, 9079 Colony Place offers a combination of recent upgrades, desirable amenities, and strong long-term investment potential.
Ramona, located between Magnolia Avenue and Arlington Avenue, is a residential and commercial Riverside neighborhood with mid-century streetscapes and a car-oriented grid. The neighborhood’s energy concentrates around the Magnolia Avenue and Arlington Avenue corridor, where taquerias, barbershops, small markets, and service storefronts set a steady, everyday rhythm. Housing leans toward single-story ranch homes and compact postwar builds with mature shade trees. The Santa Ana River Trail nearby adds a linear outdoor spine for walking and cycling. California Baptist University brings a collegiate edge to nearby cafes and casual eateries. Parks and school campuses punctuate the blocks with open green breaks.
Provided by Walk Score and Local Logic
Offer insights
9079 Colony Pl · $1,350,000
$1.34M and above
75% chance or better to win
Why $1.34M+ is a strong offer
DAYS ON MARKET
86 days
The average home goes pending in 50 days.
SALE-TO-LIST
95.8%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Two-level layout
Entry on level 1
Bedrooms
Unit mix includes two 2-bedroom units and one 3-bedroom unit (all unfurnished)
Bathrooms
Three 1-bath units and one 2-bath unit
Laundry & utility
On-site laundry (individual room and community), building owns laundry equipment
Heating & cooling
Central cooling
Exterior features
Landscaped grounds
No pool
Home design
Community apartment property
Two stories
Entry level: 1
Construction
Year built per assessor
Utilities
Public sewer
District/public water
HOA & community
Community features include street lighting, storm drains and sidewalks
Financial info
Four-unit property (two buildings)
All units leased
Gross scheduled income: $84,072
Gross income: $84,072
Total actual rent currently: $7,006
Laundry income: $1,200
Net operating income: $72,972
Total operating expenses: $11,100 (includes insurance $6,900; electric $1,200; water/sewer $600; trash $2,400)
Tenants pay all utilities
Separate meters: 4 electric meters, 4 gas meters, 1 water meter
Other
Total building area: 4,113
Electricity and solar
View estimated energy costs and solar savings for this home
THE PROPERTY CONSISTS OF 4 UNITS . VERY WELL KEPT UNITS FEATURING THREE(3) 2BED + 1BATH, AND ONE (1) 3BEDROOM AND 2 BATH HOME. ALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY AND GAS. EACH UNIT IS EQUIPPED WITH A PRIVATE BACK YARD. ACCESS TO ALL MAJOR FREEWAYS AND SHOPPING CENTERS
SDMLS #301729348
Apr 13, 2018
Sold
$725,000
$176/sq ft
Oct 12, 2017
Listed
$790,000
$192/sq ft
THE PROPERTY CONSISTS OF 4 UNITS . VERY WELL KEPT UNITS FEATURING THREE(3) 2BED + 1BATH, AND ONE (1) 3BEDROOM AND 2 BATH HOME. ALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY AND GAS. EACH UNIT IS EQUIPPED WITH A PRIVATE BACK YARD. ACCESS TO ALL MAJOR FREEWAYS AND SHOPPING CENTERS
THE PROPERTY CONSISTS OF 4 UNITS . VERY WELL KEPT UNITS FEATURING THREE(3) 2BED + 1BATH, AND ONE (1) 3BEDROOM AND 2 BATH HOME. ALL UNITS ARE INDIVIDUALLY METERED FOR ELECTRICITY AND GAS. EACH UNIT IS EQUIPPED WITH A PRIVATE BACK YARD. ACCESS TO ALL MAJOR FREEWAYS AND SHOPPING CENTERS
CRMLS #AR17088315
Aug 14, 2017
Listing Removed
—
Aug 6, 2017
Contingent
—
Jun 20, 2017
Listing Removed
—
Jun 1, 2017
Price Changed
$790,000
$192/sq ft
Apr 24, 2017
Listed
$824,000
$200/sq ft
SDMLS #301712813
Aug 14, 2017
Listing Removed
—
Apr 23, 2017
Listed
$790,000
$192/sq ft
CRMLS #K708642
Aug 3, 2007
Sold
$770,000
$187/sq ft
Jun 18, 2007
Listing Removed
—
Mar 8, 2007
Listed
$825,900
$201/sq ft
CRMLS #K609333
Dec 27, 2006
Listing Removed
—
Sep 15, 2006
Listed
$799,900
$194/sq ft
CRMLS #I430141
Dec 23, 2004
Sold
$615,000
$150/sq ft
Oct 20, 2004
Listed
$650,000
$158/sq ft
CRMLS #I305864
Apr 4, 2003
Sold
$350,000
$85/sq ft
Jan 19, 2003
Listed
$350,000
$85/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,321 (+3.4%)
$147,916 + $677,007
$824,923
2024
$9,017 (+0.4%)
$147,916 + $677,007
$824,923
2023
$8,978 (+1.9%)
$145,016 + $663,733
$808,749
2022
$8,814 (+2.3%)
$142,173 + $650,719
$792,892
2020
$8,616 (+1.9%)
$136,653 + $625,451
$762,104
2019
$8,455 (+5.5%)
$135,252 + $619,038
$754,290
2018
$8,014 (+32.1%)
$132,600 + $606,900
$739,500
2017
$6,066 (+28.4%)
$110,000 + $415,000
$525,000
2015
$4,723 (−0.9%)
$110,250 + $336,000
$446,250
2014
$4,768 (+6.1%)
$105,000 + $320,000
$425,000
2013
$4,494 (+0.5%)
$105,000 + $320,000
$425,000
2012
$4,473 (−0.3%)
$100,000 + $300,000
$400,000
2011
$4,485 (+0.2%)
$100,000 + $300,000
$400,000
2010
$4,476 (+0.5%)
$100,000 + $300,000
$400,000
2009
$4,455 (−51.2%)
$100,000 + $300,000
$400,000
2008
$9,125
$100,000 + $300,000
$400,000
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
2
Lot width
—
Lot depth
—
Lot size
9,148 Sq. Ft.
Year renovated
1978
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
1978
Style
Other
County
Riverside County
APN
191071005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 2026.
R-3-1500
High-Density Residential Zone
High-Density Residential Zones (R-3-2500, R-3-2000 and R-3-1500) are established to provide areas for multiple family residences, including such residential development types as apartments, town homes, condominiums, and tiny homes (foundation) in tiny home communities, and single-family homes in a Small Lot Subdivision Planned Residential Development.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Other
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