Contact Kim Barron
Contacting Kim Barron
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Request more information
  • MLS#: 25532145 ( )
  • Street Address: 4581 Main Street
  • Viewed: 2
  • 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
  • California Regional MLS IDX
  • DMCA Notice
  • 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 6.06% 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.
Request More Information
  • All fields are required.
Features
Building Area Total
  1. 9200.00
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 221015.00
Parcel Number
  1. 219031006
Postalcodeplus4
  1. 4109
Sourcesystemkey
  1. 25532145:CLAW
Totalexpenses
  1. 91698.00
Year Built
  1. 1950
Year Built Source
  1. Assessor
Zoning
  1. R3