4228 10th st, Riverside, CA 92501
Active
$995,000
4 Units
6 Beds
4 Baths
2,600 Area(sq.ft.)
Lot: 7,840 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,355 | $ 2,355 | $ 2,355 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,355 | $ 2,355 | $ 2,355 |
| Unit 3 | 1 | 1 | 1 | $ 1,141 | $ 1,141 | $ 1,795 | |
| Unit 4 | 1 | 1 | 1 | No | $ 1,141 | $ 1,141 | $ 1,795 |
| 4 | 6 | 4 | $ 6,992 | $ 6,992 | $ 8,300 |
| MLS #: | CV25104984MR |
| Days On Market: | 208 |
| Listing Date: | May 12, 2025 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 383 |
| Price per unit: | $ 248,750 |
| Year Built: | 1936 |
Property Details
Now available, a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and trash. The property features updated electrical systems and tenant-friendly amenities including garage parking and an onsite laundry facility, enhancing tenant convenience and retention. With a current **11.8 GRM** and **6.3% CAP rate**, this asset offers immediate cash flow and long-term upside for investors. The owner is in the process of updating the roof on the front structure. This property can be purchased together with the adjoining 4-unit property at **4250 10th Street**, offering a rare chance to acquire 8 total units side by side. This is an excellent opportunity for investors looking to expand their portfolio with a desirable asset in a strong rental market.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 81,887 |
| Total Annual Expense: | $ 19,023 |
| Net Operating Income: | $ 62,865 |
| Cap Rate: | 6.32% |
| Gross Rent Multiplier: | 11.79 |
| Actual Gross Rent: | $ 6,992 |
Structure
| Community Features: | Hiking, Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | R1065 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Garage |
Interior
| Cooking Appliances: | None |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Laundry Area, None |
| Heating: | None |
| Fireplace Rooms: | None |
| Laundry: | Laundry Area |
| Laundry Income: | 516.00 |
Exterior
| Pool: | No |
| Roof: | Shingle |
| Spa: | No |
Detailed Map
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