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Just listed and ideally located just minutes from Downtown Riverside, this well-maintained four-unit multifamily property offers investors immediate cash-flow with a strong **7.17% CAP Rate** and a **10.75 GRM**. The building features an ideal and versatile unit mix, including one 2-Bedroom/1-Bath two-story Townhouse, one 2-Bedroom/1-Bath flat, one 1-Bedroom/1-Bath unit, and a Studio apartment—providing a diverse range of rental options for prospective tenants.The property offers 2,210 square feet of rental space on a 7,840 square foot lot and is separately metered for electricity and gas, ensuring streamlined utility management. Tenants enjoy convenient amenities such as garage parking for each unit and access to an onsite laundry facility, enhancing tenant satisfaction and long-term retention.With its strong in-place income, solid unit mix, and highly desirable location near shops, restaurants, and transit in Downtown Riverside, this is a rare opportunity for both new and experienced investors seeking a stabilized asset with immediate returns and long-term upside. (Can be purchased with 4-Plex next door at 4228 10th St Riverside)
Property Type(s):
Residential Income
| Last Updated | 5/9/2025 | Year Built | 1941 |
|---|---|---|---|
| Community | Riverside | Garage Spaces | 4.0 |
| County | Riverside |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Riverside |
| GARAGE | Assigned, Yes |
| HOA DUES | 0 |
| LOT | 7840 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Available,Natural Gas Available,Sewer Available,Water Available |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | R1065 |
Location
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Listed with RE/MAX 2000 REALTY
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