4581 Main ST new Save Request In-Person Tour Request Virtual Tour
Riverside,CA 92501
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,200 sqft
Price per Sqft $396
MLS Listing ID 25532145
HOA Y/N No
Year Built 1950
Lot Size 0.790 Acres
Property Description
We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment opportunity located near Downtown Riverside. Just off Magnolia Avenue and 14th Street, the property spans three contiguous parcels totaling 34,412 square feet and consists of five separate buildings, including a standalone 3-bed/2-bath home, three duplexes, and one 7-unit structure. Nearly all units are single-story, offering tenants a comfortable, residential feel in a walkable, well-connected location. The unit mix includes one 3-bed/2-bath home, six 2-bed/1-bath units, six 1-bed/1-bath units, and one studio. Tenants benefit from mini-split A/C systems, 22 on-site parking spaces, on-site laundry, and newer roofs key features that support tenant satisfaction and long-term stability. Additional stand-alone garages offer rental income potential as storage units, along with two owner's rooms that may be convertible to garages or ADUs (buyer to verify feasibility). The asset is currently operating at a 6.06% cap rate and 11.31 GIM, with in-place income and modest upside through future rent increases. Located steps from Riverside City College and minutes from UC Riverside, the property is surrounded by retail, employment centers, and Riverside's most notable attractions including the Mission Inn Hotel, Cheech Marin Center, and Mount Rubidoux Park. With strong fundamentals and a desirable unit mix, this offering presents a rare opportunity for investors seeking stable cash flow in one of the city's most proven rental markets.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R3
Interior
Fireplace No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 219031006
Special Listing Condition Standard