4228 10th Street, Riverside, CA 92501

$995,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)

Status: Active

MLS# CV25104984

Price: $995,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1936

1 story

0.18 acres