4581 Main Street, Riverside, CA 92501 - Berkshire Hathaway HomeServices California Properties
4581 Main Street Riverside, CA 92501
$3,645,000 0 beds, 0 baths
9, 200 sqft

Agent Remarks

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 6.06% cap rate and 11.31 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25532145
List price is $3,645,000
Beds: 0
Baths: 0
Built in 1950
9,200 sqft
2 stories
0.79 acres
Lot size: 0.7900
County: Riverside
Zoning: R3
MLS area: 252 - Riverside

Last Updated: 5/8/2025

 Find more Riverside homes and real estate

 Find more homes in 92501 zip code

This listing belongs to the 252 - Riverside MLS area

Lat/Long: 33.973699, -117.380075.
Find nearby listings


Listing Agent: Oscar Diaz
Lic#: 01234982
Office Name: Mission Viejo

Area Map

Nearby Schools

No schools were found in the area