4228 10th Street Pending

Riverside,CA 92501

$ 995000

6 Beds

4 Baths

0 SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CV25104984

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County Riverside

Zoning Assessor

Direction Just South of Mission Inn Avenue. West of Market Street

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 215071005

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