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4204 12th Street, Riverside, CA 92501

$1.48M0ba · 3,553 sqft
Lot 5,663 sqft•Commercial/Residential•
Active
•59d on market•MLS# IV-26185431

Property Description

***INCOME OPPORTUNITY - ATTENTION INVESTORS AND MORE!*** Don’t miss this exceptional opportunity to acquire a unique four-unit property (2 units on a lot) near the heart of Downtown Riverside! Situated on a prominent corner lot, this income-producing property features two separate buildings and a highly desirable unit mix consisting of two three-bedroom, two-bathroom residences and two one-bedroom, one-bathroom residences, plus a basement. This versatile configuration is ideal for an investor looking to expand a rental portfolio or an owner-occupant interested in living in one unit while generating income from the others. The charming Craftsman-style building showcases classic architecture, a welcoming covered front porch, mature shade trees and excellent street presence. The second two-story building offers additional residences with separate entrances and convenient access from the surrounding streets and alley. The interiors provide comfortable and functional living spaces with abundant natural light, spacious living rooms, well-appointed kitchens, generously sized bedrooms and a combination of carpet, tile and wood-look flooring. Select improvements include white cabinetry, tasteful countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature generously sized closets, and ceiling fans and wall-mounted climate-control units can be found throughout the property. Additional amenities include a shared laundry facility, gated outdoor areas, paved spaces and multiple parking possibilities. The corner-lot setting provides convenient access and separation between the buildings while mature landscaping adds shade and privacy. Conveniently located near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation and major freeway access, this property offers a compelling combination of location, flexibility and long-term income potential. Whether you are seeking a multi-generational living arrangement, an owner-occupied investment or a valuable addition to your real estate portfolio, this is an opportunity you will not want to miss!

Features & Amenities

FeeBuilt 1975

Property Details

Land Type
Fee
Year Built
1975
Property Type
Residential Income
Property Subtype
Commercial/Residential
Parking Spaces
2
Garage Spaces
2
Heating
Wall Furnace, See Remarks, Central
City
Riverside
Zip Code
92501
County
Riverside
Listed byELEVATE REAL ESTATE AGENCY, RYAN MCKEE

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$7,458.40
Principal & Interest
Loan Amount
$1,180,000
Total Interest
$1,505,025
Total Payment Over 30 Years
$2,685,025
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

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