4027 Dwight Avenue, Riverside, CA 92507 - Berkshire Hathaway HomeServices California Properties
4027 Dwight Avenue Riverside, CA 92507
$595,000 0 beds, 0 baths
0 sqft

Agent Remarks

Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550–$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Bank’s Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of alley access, and a price point under $600,000 in a low-tax county, this property is a rare find. Whether you’re looking to invest, supplement your mortgage with rental income, or build long-term wealth, 4027 Dwight Ave delivers.

Listing Details

Property type: Duplex (Multi-Family)
Status: Pending
MLS# CV25063737
List price is $595,000
Beds: 0
Baths: 0
None fireplaces
Built in 1943
1 story
0.14 acres
Lot size: 0.1400
County: Riverside
Property style: Bungalow
Zoning: R2
Construction: Vinyl Siding
Interior features: Granite Counters,All Bedrooms Down,Bedroom on Main Level
Appliances: Gas Range,Gas Water Heater,Range Hood,Water Heater
Parking description: Door-Single,Garage,Garage Door Opener,No Driveway,Garage Faces Rear,RV Access/Parking
Lot description: Back Yard,Front Yard,Level,Near Park,Near Public Transit,Rectangular Lot,Sprinkler System,Yard
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 252 - Riverside

Last Updated: 5/28/2025

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This listing belongs to the 252 - Riverside MLS area

The style of this listing is Bungalow.
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Lat/Long: 33.973399, -117.354175.
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Listing Agent: Caleb Hanson
Lic#: 01234982
Office Name: Mission Viejo

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