GREAT Opportunity to OWN a 9 Unit FULLY REMODELED - CASH FLOW Property with ADU Possibilities * * WONDERFUL Location in Downtown Riverside is Minutes to ALL AMENITIES with the Mission Inn, Shopping, Dining, Restaurants, Entertainment, Transportation Services and Hospital/Medical Facilities * * This MULTI-FAMILY Property Offers (8) 1 Bed/1 Bath Units and (1) 2 Bed/1 Bath Unit, 4 Garages, Laundry Room and In-Front Parking Spaces * * 7 Units have been FULLY REMODELED and Upgraded with NEW Custom Bathrooms, REMODELED Kitchens with Stainless Steel Appliance Package and GRANITE SLAB Counters, NEW Fixtures, Updated Plumbing, Tankless Water Heaters, Mini Split Heating/AC Units & MUCH MORE * * The (4) Garages could be Converted to an ADU for Additional Income Opportunities * * This is Perfect for the SAVY Investor wanting to add to their Portfolio * * Located on a Palm Tree-Lined Street, this Property Exudes Curb Appeal & Charm - Close Proximity to Class A buildings further enhances its Desirability, Ensuring a Steady Stream of Demand from Tenants seeking Premium Accommodations. After an Impressive 40-year tenure, this Property is now hitting the Market, presenting an Exceptional Opportunity for Expansion in the Thriving IE market. Seller is MOTIVATED!!
The income description goes here to explain
| List Price | $2,700,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1961 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 214192007 |
| MLS # | IG25056306 |
| Property ID | 320412669 |
| Lot Sqft | 8,712 |
| Zoning | Unknown |
| Total Units | 9 |
| Days on Market | 280 |
| Original List Price | $2,700,000 |
| Date Updated | March 14, 2025 |
| Date Created | March 14, 2025 |
Financials not available online. Please inquire with your agent for more details.
Tom Tennant an agent of . Lic #01273093
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 14, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT