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$ 960,000

$ 995,000 3.5%

Est. payment -/mo

Sold on 07/29/2025

4228 10th Street Riverside, CA 92501

6 Beds

UPDATED:

Key Details

Sold Price $960,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV25104984

Sold Date 07/29/25

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property 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.

Location

State CA

County Riverside

Zoning Assessor

Direction Just South of Mission Inn Avenue. West of Market Street

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 215071005

Listed by Kristopher German RE/MAX 2000 REALTY
Bought with Prashant Sampat Pacific Avenue Realty

Mike Chiesl

Broker | License ID: 01783300

+1(760) 473-0000

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