Riverside CA Multi Family for Sale
$3,150,000
1806 Loma Vista Street Riverside, CA 92507
- Type:
- Cluster
- Sq.Ft.:
- 11,895
- Status:
- Active
- Beds:
- 16
- Lot size:
- 0.43 Acres
- Year built:
- 1959
- Baths:
- 16.00
- MLS#:
- 24468157
ADDITIONAL INFORMATION
We are pleased to present 1806 Loma Vista Street, a well-maintained 16-unit garden-style courtyard property located in the thriving city of Riverside, California. This property offers spacious one-bedroom, one-bath units averaging 740 square feet each, with a total of 11,890 square feet of rental space. The property sits on a spacious lot with strong curb appeal, featuring a well-manicured landscape. Recent upgrades include a newer roof, upgraded copper plumbing, updated electrical panels, and fresh exterior paint. Tenants enjoy a large open courtyard layout, creating a comfortable and appealing living environment. Additional amenities include onsite laundry facilities, tenant storage areas, and covered parking. Based on current rents, Loma Vista offers a new investor the potential to capture approximately 34.75% in upside rental income. This investment is located in Riverside, a city known for its robust real estate market and strong tenant demand. Riverside offers a wide range of amenities and a highly accessible location, with convenient transportation links, including the 91 and 215 Freeways. This makes Riverside ideal for renters working in the Inland Empire's major employment centers and educational institutions, such as UC Riverside and Riverside Community Hospital. Less than two miles from the property are popular attractions like the Mission Inn Hotel & Spa, as well as trendy restaurants such as The Salted Pig, Le Chat Noir French Restaurant, and Craftz Lounge. Residents can also enjoy cultural destinations like the Riverside Art Museum and live entertainment at the Fox Performing Arts Center. With a vibrant downtown, numerous parks, and excellent local schools, Riverside continues to attract a diverse tenant base, making this property a promising investment in a high-demand rental market.
$1,219,000
2029 Patterson Street Riverside, CA 92507
- Type:
- Triplex
- Sq.Ft.:
- 2,961
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.3 Acres
- Year built:
- 2024
- Baths:
- MLS#:
- DW24239040
ADDITIONAL INFORMATION
Whether you're an investor or a buyer seeking a multi-unit property to live in while generating rental income, this is an opportunity you won’t want to miss. The potential for house hacking is enormous—live in one of the units while collecting rents from the others, or enjoy the steady, reliable income stream as an investor. Not only can you build an additional 3 units on the property, the property also generates a strong net operating income (NOI) of $88,371 annually, making it a high-yield investment with exceptional growth potential in a booming area. With a cap rate of **7.2%**, this property represents a highly attractive opportunity for anyone looking to capitalize on Riverside's growing real estate market. This exceptional triplex is a rare gem in Riverside, offering a prime opportunity for both savvy investors and buyers looking to house hack. Situated just minutes away from the 91 and 215 freeways, as well as the vibrant Downtown Riverside area, this property offers unrivaled access to major commuter routes and city amenities. Riverside City College, the University of California Riverside (UCR), California Baptist University, shopping, dining, and entertainment options are a few minutes away, this location is truly at the heart of it all. The property features three distinct units, each with unique potential. One of the detached units is a brand-new construction, offering 3 spacious bedrooms, 2.5 bathrooms with a 2-car garage. At 1,199 sqft, this beautiful home is fully independent, with its own separate utilities. The other two units are well-maintained, recently remodeled and offer a combined mix of 3-bedroom, 2-bathroom (1,162 sqft) and 1-bedroom, 1-bathroom (600 sqft) units, both sharing utilities. Both occupied units are on a month to month lease. With a huge lot measuring 13,068 sqft, the property offers plenty of space for potential future improvements or expansion. A great opportunity as The city will allow you to build an additional 3 units on this property. Whether you're looking for the perfect place to live or a solid, income-generating investment, this property checks all the boxes. Don’t let this once-in-a-lifetime opportunity slip away. Make your move today!
$5,150,000
1480 7th Street Riverside, CA 92507
- Type:
- Apartment
- Sq.Ft.:
- 22,576
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.82 Acres
- Year built:
- 1971
- Baths:
- MLS#:
- OC24233882
ADDITIONAL INFORMATION
This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. Normandy Apartments (25 units) located in the robust rental market of Riverside, California. Built in 1971 the property consist of approximately 22,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 3 Bedroom, 2 Bedroom, and 1 Bedroom units. The property is situated on approximately .82 acres of land that include tuck under parking, carports, open on-site parking in addition to the street parking. The property is also separately metered for gas and electric with a community laundry rooms, and pool. Select units have been tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting, and ceiling fans throughout. Most of the “heavy lifting” is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity.
$18,100,000
Cranford Ave Riverside, CA 92507
- Type:
- Apartment
- Sq.Ft.:
- 70,160
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.21 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- OC24232711
ADDITIONAL INFORMATION
This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. University Gardens (88 units) is located in the robust rental market of Riverside, California. Built in 1965 the property consist of approximately 67,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 2.2 acres of land that include tuck under parking, carports, open on-site parking in addition to the street parking. The property is also separately metered for gas and electric with a community laundry rooms, pools & rental office. Select units have been tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting, and ceiling fans throughout. Most of the “heavy lifting” is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity.
$18,100,000
3681 Cranford Ave Riverside, CA 92507
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 2.21 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- CROC24232711
View additional info
Courtesy: Mark Bridge, Broker
ADDITIONAL INFORMATION
This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. University Gardens (88 units) is located in the robust rental market of Riverside, California. Built in 1965 the property consist of approximately 67,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 2 Bedroom, 1 Bedroom & Studio units. The property is situated on approximately 2.2 acres of land that include tuck under parking, carports, open on-site parking in addition to the street parking. The property is also separately metered for gas and electric with a community laundry rooms, pools & rental office. Select units have been tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting, and ceiling fans throughout. Most of the “heavy lifting� is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity.
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 1
- Lot size:
- 0.14 Acres
- Year built:
- 1943
- Baths:
- MLS#:
- CRCV24226224
View additional info
Courtesy: RE/MAX 2000 REALTY
ADDITIONAL INFORMATION
Excellent Investment Opportunity. Nice duplex 4027 and 4029 Dwight Ave. Two units both with 1 bedroom & 1 bath on each unit. Spacious living with additional room on the side. Kitchen with granite countertop, cabinets, stove, and side door access. Double panel window. New interior paint for the front unit. New window A/C unit in the living room. Individual laundry room. Good size backyard. Rear alley access with detached 2 car garage. Property is close to UCR, restaurants, park, and market. Easy access to 60, 91, 215 Freeway. Property to be SOLD AS-IS condition. **Do not disturb tenants on the back unit 4029**
- Type:
- Fourplex
- Sq.Ft.:
- 3,000
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.27 Acres
- Year built:
- 1950
- Baths:
- MLS#:
- IG24187095
ADDITIONAL INFORMATION
Property is priced for condition and has 4 Cute 1 bedroom/1-bathroom units, located on the corner of Linden and Dwight. The units are approximately 750 square feet each. Each unit has a 1 car garage and laundry. There are 4 electric and gas meters. Water sewer and trash are Ratio'd. Most units have window AC units and gas wall heaters. Unit 1936 Bathroom tub and shower recently rehabbed, also painted. 1938 has been recently painted and new carpet was recently installed. 3512 Dwight Avenue has a long-term tenant and was rehabbed prior to tenant moving in 2019. 1948 Linden unit tenants have lived here since before the current owner purchased. Bathroom could use some updating. Features a 1 car garage, washer and dryer hookups and plenty of storage. Location is everything! Only minutes for downtown Riverside, UCR, RCC, University Village and so much more!
$880,000
2431 12th Street Riverside, CA 92507
- Type:
- Duplex
- Sq.Ft.:
- 2,214
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1977
- Baths:
- MLS#:
- OC24159430
ADDITIONAL INFORMATION
Amazing Duplex opportunity to own a in a growing Riverside neighborhood! This Duplex presents an ideal chance for both homeowners and savvy investors to own this remodeled duplex. This property boasts two units, each unit featuring, 3 bedrooms, 2 bath with a spacious living room, remodeled kitchen and each unit is able to have a one car garage that includes inside laundry facilities. Complemented by a fenced yard and plenty of driveway parking. All conveniently located minutes away from the 91 freeway, Cal Baptist University, UCR, shopping, Riverside Community Hospital and the Mission Inn Hotel & Spa just to name a few.
$1,500,000
3159 1st Street Riverside, CA 92507
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- CRCV24088109
View additional info
Courtesy: RE/MAX CHAMPIONS
ADDITIONAL INFORMATION
6 units. One studio, one 1 bedroom, two 2 bedroom and two 3 bedroom units, good mix. Building has a solid roof, dual pane windows, newer exterior paint, some units have been updated as tenants move out and rents increasing.
Riverside Real Estate
The median home value in Riverside, CA is $590,700. This is higher than the county median home value of $536,000. The national median home value is $338,100. The average price of homes sold in Riverside, CA is $590,700. Approximately 52.85% of Riverside homes are owned, compared to 42.03% rented, while 5.13% are vacant. Riverside real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Riverside real estate agent to arrange a tour today!
Riverside, California 92507 has a population of 314,858. Riverside 92507 is more family-centric than the surrounding county with 35.72% of the households containing married families with children. The county average for households married with children is 35.14%.
The median household income in Riverside, California 92507 is $76,755. The median household income for the surrounding county is $76,066 compared to the national median of $69,021. The median age of people living in Riverside 92507 is 31.9 years.
Riverside Weather
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 42.4 degrees. The average rainfall is approximately 11.3 inches per year, with 0 inches of snow per year.