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- 1195 Spring Street, Riverside, CA 92507
- MLS#: CV26019641 ( Apartment )
- Street Address: 1195 Spring Street
- Viewed: 1
- Price: $965,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1962
- Bldg sqft: 0
- Days On Market: 4
- Additional Information
- County: RIVERSIDE
- City: Riverside
- Zipcode: 92507
- Provided by: MARCUS & MILLICHAP
- Contact: Douglas Douglas

- DMCA Notice
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DescriptionPleased to exclusively present the opportunity to acquire a five unit multifamily property built in 1962 with 3,264 rentable square feet on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single story construction. The property has an on site laundry room, wall mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking. Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California, Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long term economic growth and rental demand. With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an attractive opportunity to acquire a stable, well located multifamily asset positioned for durable income and long term appreciation.
Property Location and Similar Properties
All
Similar
Features
Building Area Total
- 3264.00
Carport Spaces
- 5.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Country
- US
Electric Expense
- 0.00
Entry Location
- Front
Fuel Expense
- 0.00
Garage Spaces
- 0.00
Gardner Expense
- 1200.00
Insurance Expense
- 5000.00
Laundry Features
- Community
Lot Features
- Level with Street
Netoperatingincome
- 58240.00
Newtaxesexpense
- 10872.00
Otherexpense
- 800.00
Otherexpensedescription
- Misc.
Otherincome1
- 375.00
Otherincomedescription
- Late Fees
Parcel Number
- 247105005
Parking Features
- Carport
- On Site
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Septic Type Unknown
Sourcesystemid
- CRM
Sourcesystemkey
- 455471979:CRM
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 34732.00
Trash Expense
- 6360.00
Uncovered Spaces
- 4.00
Water Sewer Expense
- 4000.00
Water Source
- Public
Year Built
- 1962
Year Built Source
- Public Records
Based on information from California Regional Multiple Listing Service, Inc. as of Jan 30, 2026. 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 January 30, 2026 @ 12:00 am
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