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.
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.
Property Details
Price:
$995,000
MLS #:
CV25104984
Status:
Active
Baths:
0
Address:
4228 10th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
252riverside
City:
Riverside
Listed Date:
May 12, 2025
State:
CA
ZIP:
92501
Lot Size:
7,840 sqft / 0.18 acres (approx)
Year Built:
1936
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Schools
Interior
Appliances
None
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Heating
None
Exterior
Community Features
Hiking, Sidewalks, Street Lights
Fencing
Chain Link
Garage Spaces
2.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Garage
Parking Spots
2.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Available, Natural Gas Available, Sewer Available, Water Available
Map
Community
- Address4228 10th Street Riverside CA
- Area252 – Riverside
- CityRiverside
- CountyRiverside
- Zip Code92501
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4228 10th Street
Riverside, CA
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