4228 10th Street, Riverside, California 92501
  • $995,000

Overview

Property ID: CV25104984
  • Apartment, Residential Income
  • Property Type
  • 2.0
  • Garages
  • 2600 Sqft
  • Area Size
  • 1936
  • Year Built

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.

  • Address: 4228 10th Street
  • City: Riverside
  • State/county: CA
  • Zip/Postal Code: 92501
  • Country: US

Details

Updated on July 30, 2025 at 12:33 am
  • Property ID CV25104984
  • Price $995,000
  • Property Size 2600 Sqft
  • Land Area 0.18 Acres
  • Garages 2.0
  • Year Built 1936
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash to New Loan
  • Roof Shingle
  • Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Sewer Public Sewer
  • Cooling Wall/Window Unit(s)
  • Heating None
  • County Riverside
  • Property Type Residential Income
  • Pool None
  • Parking Assigned, Garage
  • Community Features Hiking, Street Lights, Sidewalks

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