4250 10th st, Riverside, CA 92501
Active
$950,000
4 Units
5 Beds
4 Baths
2,210 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 | $ 1,873 | $ 1,873 | $ 2,250 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,190 | $ 2,190 | $ 2,195 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,600 | $ 1,600 | $ 1,795 |
| Unit 4 | 1 | studio | 1 | No | $ 1,660 | $ 1,660 | $ 1,695 |
| 4 | 5 | 4 | $ 7,323 | $ 7,323 | $ 7,935 |
| MLS #: | CV25102575MR |
| Days On Market: | 212 |
| Listing Date: | May 8, 2025 |
| County: | Riverside |
| Property Type: | Residential Income |
| Price per ft2: | $ 430 |
| Price per unit: | $ 237,500 |
| Year Built: | 1941 |
Property Details
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. The owner is in the process of updating the electrical sub-panels as well as the roof on the front structure. 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. This property can be purchased together with the adjoining 4-unit property at **4228 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: | $ 85,740 |
| Total Annual Expense: | $ 18,196 |
| Net Operating Income: | $ 67,545 |
| Cap Rate: | 7.11% |
| Gross Rent Multiplier: | 10.75 |
Structure
| Community Features: | Sidewalks, Street Lights |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | R1065 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Wall/Window Unit(s) |
| Fireplace Rooms: | None |
| Laundry: | Laundry Area |
| Laundry Income: | 43.00 |
Exterior
| Pool: | No |
| Roof: | Shingle |
| Spa: | No |
Detailed Map
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