We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside’s University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,600 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a growing student population and convenient regional connectivity via I-215, SR-60 and SR-91, supporting rental demand from students, families and working professionals alike.
Property Details
Price:
$1,030,000
MLS #:
CV26204711
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
252riverside
Listed Date:
Sep 18, 2026
Total Sq Ft:
4,200
Lot Size:
6,529 sqft / 0.15 acres (approx)
Year Built:
1964
See this Listing
Schools
Interior
Cooling
WW
Laundry Features
IR, OUT
Exterior
Common Walls
_2CW
Community Features
SDW
Garage Spaces
4
Parking Spots
8
Parking Total
8
Financial
HOA Fee
$700
HOA Fee Frequency
MO
Map
Community
- Address3080 Elgin DR Riverside CA
- CityRiverside
- CountyRiverside
- Zip Code92507
Market Summary
Current real estate data for Single Family in Riverside as of Sep 21, 2026
870
Single Family Listed
67
Avg DOM
312
Avg $ / SqFt
$695,777
Avg List Price
Property Summary
- 3080 Elgin DR Riverside CA is a Single Family for sale in Riverside, CA, 92507. It is listed for $1,030,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1964. The average price per square foot for Single Family listings in Riverside is $312. The average listing price for Single Family in Riverside is $695,777.
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