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4204 12th St, Riverside, CA 92501

$1,475,000
  • bed

  • bath

Multi-family for sale 8 hours

About 4204 12th St

Property type Multi-family
Neighborhood
Year built 1975
HOA fee $0/month
Lot size 5,663 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
***INCOME OPPORTUNITY - ATTENTION INVESTORS AND MORE!*** Don’t miss this exceptional opportunity to acquire a unique four-unit property (2 units on a lot) near the heart of Downtown Riverside! Situated on a prominent corner lot, this income-producing property features two separate buildings and a highly desirable unit mix consisting of two three-bedroom, two-bathroom residences and two one-bedroom, one-bathroom residences, plus a basement. This versatile configuration is ideal for an investor looking to expand a rental portfolio or an owner-occupant interested in living in one unit while generating income from the others. The charming Craftsman-style building showcases classic architecture, a welcoming covered front porch, mature shade trees and excellent street presence. The second two-story building offers additional residences with separate entrances and convenient access from the surrounding streets and alley. The interiors provide comfortable and functional living spaces with abundant natural light, spacious living rooms, well-appointed kitchens, generously sized bedrooms and a combination of carpet, tile and wood-look flooring. Select improvements include white cabinetry, granite countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature walk-in closets, and ceiling fans and wall-mounted climate-control units can be found throughout the property. Additional amenities include a shared laundry facility, gated outdoor areas, paved spaces and multiple parking possibilities. The corner-lot setting provides convenient access and separation between the buildings while mature landscaping adds shade and privacy. Conveniently located near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation and major freeway access, this property offers a compelling combination of location, flexibility and long-term income potential. Whether you are seeking a multi-generational living arrangement, an owner-occupied investment or a valuable addition to your real estate portfolio, this is an opportunity you will not want to miss!
Listed by
Listing Agent - RYAN MCKEE
Listing Agent Contact: 951-394-3554
Listing Office - ELEVATE REAL ESTATE AGENCY
Source: CRMLS mls logo
MLS#IV26185431 • last updated 15 hours ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Levels/Style Two
Type Residential Income
SubType Commercial/Residential
Status Active
Lot Size (Acres) 0.13
Lot Size (SqFt) 5663
Year Built 1975
Interior
Exterior
Building Area Square Feet, 3553
# Parking Spaces 2
# Garage Spaces 2
Lot Description Front Yard, Lawn
Amenities / Utilities
Fireplaces See Remarks
Sewer/ Septic Unknown
Water Source See Remarks
Pool None
Location
County Riverside
Community Features Gutters, Curbs, Sidewalks
Directions Take Mission Inn Ave, To Brockton Ave, To 12th St
APN 215201007
Multifamily Details
Expense: Trash 800
Operating Expense 1800
Expense: Insurance 2500
Total Expenses 21600
Expense: Water/ Sewer 1080
Gross Income 9735
Expense: Electric 1200
Gross Scheduled Income 9735
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Around Downtown Riverside

Explore everything this neighborhood has to offer. Learn more about Downtown Riverside.
76/100
Walk
90/100
Family
71/100
Dining
88/100
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  • Real Estate
  • CA
  • Riverside County
  • Riverside
  • 92501
  • Downtown Riverside
  • 4204 12th St

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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