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  • MLS#: CV25102575 ( Apartment )
  • Street Address: 4250 10th Street
  • Viewed: 2
  • Price: $950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1941
  • Bldg sqft: 0
  • Days On Market: 4
  • Additional Information
  • County: RIVERSIDE
  • City: Riverside
  • Zipcode: 92501
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Just listed and ideally located just minutes from Downtown Riverside, this well maintained four unit multifamily property offers investors immediate cash flow with a strong **7.17% CAP Rate** and a **10.75 GRM**. The building features an ideal and versatile unit mix, including one 2 Bedroom/1 Bath two story Townhouse, one 2 Bedroom/1 Bath flat, one 1 Bedroom/1 Bath unit, and a Studio apartmentproviding a diverse range of rental options for prospective tenants. The property offers 2,210 square feet of rental space on a 7,840 square foot lot and is separately metered for electricity and gas, ensuring streamlined utility management. Tenants enjoy convenient amenities such as garage parking for each unit and access to an onsite laundry facility, enhancing tenant satisfaction and long term retention. With its strong in place income, solid unit mix, and highly desirable location near shops, restaurants, and transit in Downtown Riverside, this is a rare opportunity for both new and experienced investors seeking a stabilized asset with immediate returns and long term upside. (Can be purchased with 4 Plex next door at 4228 10th St Riverside)
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Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 2210.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Electric Expense
  1. 21.00
Fencing
  1. Brick
Fireplace Features
  1. None
Fuel Expense
  1. 750.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 1500.00
Laundry Features
  1. Common Area
Laundry Income
  1. 43.00
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 67545.00
Newtaxesexpense
  1. 11130.00
Parcel Number
  1. 215071004
Parking Features
  1. Assigned
Pool Features
  1. None
Postalcodeplus4
  1. 3112
Property Type
  1. Apartment
Road Frontage Type
  1. Access Road
Road Surface Type
  1. Paved
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 438179854:CRM
Spa Features
  1. None
Taxblock
  1. 10
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 18196.00
Trash Expense
  1. 897.00
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Sewer Available
  4. Water Available
Vacancyallowance
  1. 2652
View
  1. None
Water Sewer Expense
  1. 897.00
Water Source
  1. Public
Year Built
  1. 1941
Year Built Source
  1. Assessor
Zoning
  1. R1065