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- 4581 Main Street, Riverside, CA 92501
- MLS#: 25532145 ( )
- Street Address: 4581 Main Street
- Viewed: 1
- Price: $3,645,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1950
- Bldg sqft: 0
- Days On Market: 12
- Additional Information
- County: RIVERSIDE
- City: Riverside
- Zipcode: 92501
- Provided by: Marcus & Millichap
- Contact: Oscar Oscar
- DMCA Notice
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DescriptionWe 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 6.06% cap rate and 11.31 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.
Property Location and Similar Properties
All
Similar
Features
Building Area Total
- 9200.00
Country
- US
Levels
- Two
Netoperatingincome
- 221015.00
Parcel Number
- 219031006
Postalcodeplus4
- 4109
Sourcesystemkey
- 25532145:CLAW
Totalexpenses
- 91698.00
Year Built
- 1950
Year Built Source
- Assessor
Zoning
- R3

Based on information from California Regional Multiple Listing Service, Inc. as of May 12, 2025. 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. 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.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on May 12, 2025 @ 12:00 am
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