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For sale
  • $3,645,000

    4581 Main St, Riverside, CA 92501

    --beds
    0baths
    9,200sqft
    : 
    Multi Family
    Built in 1950
    -- sqft lot
    $-- Zestimate®
    $396/sqft
    $-- HOA

    What's special

    On-site laundry
    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 6.35% cap rate and 10.92 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.
    107 days
    on Zillow
    |
    175
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 10, 2025 at 05:46am

    Listed by:

    Oscar Diaz DRE # 02022902 213-999-2124,

    Marcus & Millichap 310-909-5500

    Source: CLAW,MLS#: 25532145MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 4581 Main St.

    Next available tour time:Today at 2pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Other
    Cooling
    • Other
    Interior area
    • Total structure area: 9,200
    • Total interior livable area: 9,200 sqft

    Property

    Parking
    • Parking features: Other
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.79 Acres
    Details
    • Additional structures: None
    • Zoning: R3
    • Special conditions: Standard
    • Other equipment: Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1950

    Community & HOA

    Location
    • Region: Riverside

    Financial & listing details

    • Price per square foot: $396/sqft
    • Tax assessed value: $1,268,341
    • Date on market: 4/30/2025
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