Homes for sale - 4250 10th ST, Riverside, CA 92501

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25102575

HOA Y/N No

Year Built 1941

Lot Size 7,840 Sqft

Property Sub-Type Apartment

Property 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 apartment—providing 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. The owner is in the process of updating the electrical sub-panels as well as the roof on the front structure.

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. This property can be purchased together with the adjoining 4-unit property at **4228 10th Street**, offering a rare chance to acquire 8 total units side by side. This is an excellent opportunity for investors looking to expand their portfolio with a desirable asset in a strong rental market.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R1065

Interior

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Garage Spaces 4.0

Garage Description 4.0

Fence Brick

Pool None

Community Features Street Lights,Sidewalks

Utilities Available Electricity Available,Natural Gas Available,Sewer Available,Water Available

View Y/N No

View None

Roof Type Shingle

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 215071004

Energy Description 750.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard