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Sold on 10/23/2025
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8876 Cypress Ave, Riverside, CA 92503

$762,000

Last sold 10/23/2025 for $725K

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    bed

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    bath

Multi-family not for sale
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About 8876 Cypress Ave

Property type Multi-family
Neighborhood
Year built 1957
HOA fee $0/month
Lot size 7,405 Sqft
Movoto estimate
Rental estimate
Property description
Opportunity knocks with this multi-unit property in the heart of Riverside! Currently configured as three units, this property offers excellent potential for investors or owner-occupants alike. Front Unit (A): 1 bedroom, 1 full bath, open floor plan with laminate flooring, and ceiling fan. Unit B: A mirror image of Unit A, also featuring 1 bedroom, 1 full bath, and similar upgrades. Unit C: The largest of the three, offering 2 bedrooms, 1 full bath, and a private enclosed backyard. Additional highlights include individual washer and dryer hookups for each unit, on-site parking and a prime location within walking distance to schools, parks, shops, restaurants, and public transportation. This property presents a fantastic opportunity for a first-time or seasoned investor—live in one unit and rent out the other two for income potential.
Listed by
Listing Agent - Cesar Carrillo
Listing Agent Contact: 626-786-3752
Listing Office - Coldwell Banker Realty
Source: CRMLS mls logo
MLS#AR25185428 • last updated 1 year ago
Movoto checked CRMLS for data 8 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Triplex
Status Closed
Lot Size (Acres) 0.17
Lot Size (SqFt) 7405
Year Built 1957
Interior
Flooring Laminate
Appliances Free-Standing Range, Range Hood, Water Heater
Interior Features Ceiling Fan(s), Open Floorplan
Exterior
Building Area Square Feet, 1886
Parking Gravel
Lot Description Back Yard, Lot 6500-9999, Park Nearby
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View None
County Riverside
Community Features Sidewalks, Suburban
Zoning C2
Directions South Of Arlington Ave, East Of Rutland Ave
APN 151090006
Multifamily Details
Tenant Pays All Utilities
Operating Expense 10840
Total Expenses 10840
Expense: Water/ Sewer 840
Gross Income 58800
Gross Scheduled Income 58800
$762K
Range: $662K-$861K
Last 30 days 
Rental est.: $1,686/month
Gross rent multiplier: 35.8
  • Sep 2025
    mls logo MLS # AR25185428
  • Sep 17, 2025 Active
    —
  • Aug 16, 2025 Listed
    $750,000
  • Aug 16, 2025 Listed
    $750,000 (-6.3%)
  • Jan 2025
    mls logo MLS # IV25015768
  • Jan 22, 2025 Listed
    $800,000
  • Jul 2024
    mls logo MLS # IV24151116
  • Jul 25, 2024 Listed
    $800,000 (+73.9%)
  • Aug 2018
    mls logo MLS # IG18193113
  • Aug 9, 2018 Listed
    $460,000 (+7.0%)
  • May 2018
    mls logo MLS # OC18053522
  • May 25, 2018 Sold
    $430,000
  • May 25, 2018 Sold
    $430,000 (-6.5%)
  • Apr 12, 2018 Active
    —
  • Feb 27, 2018 Listed
    $459,999 (-2.1%)
  • Feb 27, 2018 Listed
    $469,999 (+248.1%)
  • Sep 2010
    mls logo MLS # P709995
  • Sep 9, 2010 Sold
    $135,000
  • Nov 2, 2009 Listed
    $135,000
  • Year Property taxes Tax assessment
  • 2024
    $5,906 +1.6%
    $489,262 +2.0%
  • 2023
    $5,816 +6.4%
    $479,669 +2.0%
  • 2022
    $5,466 +1.7%
    $470,265 +4.04%
  • 2021
    $5,376 +1.6%
    $452,006 +1.04%
  • 2020
    $5,290 +179.0%
    $447,372 +2.0%
  • 2018
    $1,896 +1.8%
    $438,600 +186.4%
  • 2017
    $1,862 +1.6%
    $153,140 +4.04%
  • 2016
    $1,833 +1.5%
    $147,195
  • 2015
    $1,806
    —
  • 8876 Cypress Ave
    $725K
  • Arlanza
    $565K -4% y/y
  • 92503
    $649K -4% y/y
  • Riverside
    $689K 0% y/y
No chart available
Statistics calculated by Movoto

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3/10
Arlanza Elementary School
public Grades K-5
Alvord Unified School District
2/10
Wells Middle School
public Grades 6-8
Alvord Unified School District
5/10
Norte Vista High School
public Grades 9-12
Alvord Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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