4228 10th Street, Riverside, California 92501
- $995,000
Overview
- Apartment, Residential Income
- 2.0
- 2600 Sqft
- 1936
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
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Address: 4228 10th Street
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City: Riverside
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State/county: CA
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Zip/Postal Code: 92501
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Country: US
Details
Updated on July 30, 2025 at 12:33 am-
Property ID CV25104984
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Price $995,000
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Property Size 2600 Sqft
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Land Area 0.18 Acres
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Garages 2.0
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Year Built 1936
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash to New Loan
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Roof Shingle
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Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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Heating None
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County Riverside
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Property Type Residential Income
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Pool None
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Parking Assigned, Garage
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Community Features Hiking, Street Lights, Sidewalks
Mortgage Calculator
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