Price Reduced Listing
Description
Turn-key investor opportunity. Originally built in 2016 and thoughtfully reimagined in 2025, this residence has been transformed into three fully permitted units, all created within the original footprint and finished to a high-end standard. Rental increases on 9/1/26 allow the property to offer a combined $6,600 per month in gross rent across the following unit mix: Unit A - 4BR/2.5BA, approximately 1,445 square feet with a 1-car garage, renting for $3,200 per month; Unit B - 1BR/1BA, approximately 550 square feet, renting for $1,800 per month; and Unit C - a studio of approximately 475 square feet, renting for $1,600 per month. Clever spatial planning ensures that each unit features its own private entrance, a uniquely functional layout, and two dedicated parking spaces. Interior upgrades exceed what is typically found in multi-family configurations, including quartz and granite countertops, vinyl plank flooring throughout, split-unit HVAC systems, vaulted ceilings, recessed lighting, tankless water heaters, stainless steel appliances, and all-new kitchen cabinetry. Situated on a meticulously landscaped .23-acre lot, the outdoor amenities create a serene, park-like environment with multiple shaded pavilions, a fire pit, mature trees, manicured landscaping, and thoughtfully designed outdoor cooking areas. Located conveniently close to Cal Baptist University, University of California at Riverside, most major freeways and local retail hubs. Combining comprehensive remodeling, newer construction, and a strong rent roll, this property presents a rare, turn-key opportunity for investors seeking both quality and cash flow.
Details
| MLS # | IV26141539 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2016 |
| Days On Site | 53 |
| Listing Provided By | Tower Agency | MILES TURNER |
Features
| SQ Feet | 2,470 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.23 |
| Property View | None |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Granite Counters, High Ceilings, Recessed Lighting |
| Appliances | Tankless Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Tile |
|---|---|
| Foundation Details | Concrete Perimeter |
| Lot Features | Landscaped |
| Fencing | Vinyl |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Suburban |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Riverside |
| Zip Code | 92504 |
| Area | 252 Riverside |
| Listing VS Median (in 92504) | |
Price: $939,000 low | high Med: $939,000 sqft: 2,470 low | high Med: 2,470 $ / sqft: $380 low | high Med: $380 On site: 53 low | high Med: 53 | |
Market Activity 92504
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Riverside |
| Zip Code | 92504 |
| Area | 252 Riverside |
| Listing VS Median (in 92504) | |
Price: $939,000 low | high Med: $939,000 sqft: 2,470 low | high Med: 2,470 $ / sqft: $380 low | high Med: $380 On site: 53 low | high Med: 53 | |