4228 10th Street
Riverside, CA, 92501
$995,000
Beds
0 Baths
SqFt
0.18 Acres
Add
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.

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
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

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

Similar Listings Nearby

4228 10th Street
Riverside, CA