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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 920,000

Est. payment | -/mo

5 Beds

4 Baths

9,147 Sqft Lot

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$ 920,000

Est. payment | -/mo

Save

5 Beds

4 Baths

9,147 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26019641

Bedrooms 5

Lot Size 9,147 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Pleased to exclusively present the opportunity to acquire a five-unit multifamily property built in 1962 with 3,264 rentable square feet on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single-story construction. The property has an on-site laundry room, wall-mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking. Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California, Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long-term economic growth and rental demand. With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an attractive opportunity to acquire a stable, well-

Location

State CA

County Riverside

Zoning Public Rec

Direction Turn right onto Iowa Avenue & left onto Sprint Street. The property is on the left side.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 247105005

Acceptable Financing Cash

Listing Terms Cash

Listed by Douglas McCauley • MARCUS & MILLICHAP

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1195 W SPRING STREET Riverside, CA 92507