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.
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.
Property Details
Price:
$950,000
MLS #:
CV25102575
Status:
Pending
Baths:
0
Address:
4250 10th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
252riverside
City:
Riverside
Listed Date:
May 8, 2025
State:
CA
ZIP:
92501
Lot Size:
7,840 sqft / 0.18 acres (approx)
Year Built:
1941
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Exterior
Community Features
Sidewalks, Street Lights
Fencing
Brick
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned
Parking Spots
4.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
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
- Address4250 10th Street Riverside CA
- Area252 – Riverside
- CityRiverside
- CountyRiverside
- Zip Code92501
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4250 10th Street
Riverside, CA
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