Homes for sale - 4581 Main ST, Riverside, CA 92501

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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$3,645,000

Est. payment - /mo

9,200 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,200 sqft

Price per Sqft $396

MLS Listing ID 25532145

HOA Y/N No

Year Built 1950

Lot Size 0.790 Acres

Property Description

We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment opportunity located near Downtown Riverside. Just off Magnolia Avenue and 14th Street, the property spans three contiguous parcels totaling 34,412 square feet and consists of five separate buildings, including a standalone 3-bed/2-bath home, three duplexes, and one 7-unit structure. Nearly all units are single-story, offering tenants a comfortable, residential feel in a walkable, well-connected location. The unit mix includes one 3-bed/2-bath home, six 2-bed/1-bath units, six 1-bed/1-bath units, and one studio. Tenants benefit from mini-split A/C systems, 22 on-site parking spaces, on-site laundry, and newer roofs key features that support tenant satisfaction and long-term stability. Additional stand-alone garages offer rental income potential as storage units, along with two owner's rooms that may be convertible to garages or ADUs (buyer to verify feasibility). The asset is currently operating at a 6.35% cap rate and 10.92 GIM, with in-place income and modest upside through future rent increases. Located steps from Riverside City College and minutes from UC Riverside, the property is surrounded by retail, employment centers, and Riverside's most notable attractions including the Mission Inn Hotel, Cheech Marin Center, and Mount Rubidoux Park. With strong fundamentals and a desirable unit mix, this offering presents a rare opportunity for investors seeking stable cash flow in one of the city's most proven rental markets.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R3

Interior

Fireplace No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 219031006

Special Listing Condition Standard

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Listed by Oscar Diaz • Marcus & Millichap

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

4581 Main ST Riverside, CA 92501

Jessica Panzica

Key Details

Location

Interior

Building

Others

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