3879 Dykes Ln - Apartments FOR SALE


Riverside, CA 92503- Arlington
$1,599,000 USD
909-599-6600
3879 Dykes Ln, Riverside, CA for Sale
$1,599,000 USD
Apartments - FOR SALE
1/28
null | 6.68% Cap Rate

3879 Dykes Ln
Riverside, CA 92503
Arlington


HIGHLIGHTS

  • Four detached homes are located on a single residential parcel.
  • Each residence includes a private yard and separate utility metering.
  • Dedicated laundry areas are provided for each home.
  • Cul-de-sac location offers limited through traffic.
  • Three homes are reportedly available for immediate occupancy.
  • Flexible configuration supports investment or multigenerational ownership strategies.

OVERVIEW

3879 Dykes Lane presents a rare opportunity to acquire four detached residential homes situated on a single parcel in Riverside's Arlington area. The property offers a flexible ownership structure that can support a variety of investment and occupancy strategies, including traditional rental operations, multigenerational living arrangements, or an owner-occupant model with supplemental rental income. Each residence is reported to have its own private yard, separate utility meters, and dedicated laundry area, providing operational independence and tenant appeal. The asset benefits from a cul-de-sac setting within an established residential neighborhood and offers convenient access to major Riverside transportation corridors, retail services, schools, and employment centers throughout the Inland Empire. Riverside continues to serve as a key population and employment hub within Southern California, supporting long-term housing demand from both residents and workforce households. With three of the four homes reportedly available for immediate occupancy, buyers may have the ability to implement renovation programs, adjust leasing strategies, or accommodate extended family needs without waiting for future turnover. The combination of multiple detached dwellings, independent utility configurations, and a sizable residential parcel creates a distinctive offering that is difficult to replicate in today's market. This property provides investors with the opportunity to acquire a multifamily asset that functions more like a collection of individual homes while maintaining the efficiencies of a single ownership structure.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

4

PRICE/UNIT

$399,750

CAP RATE

6.68%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Homes On A Lot!

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R3

APN/PARCEL ID

145-280-008

ASK ABOUT THIS PROPERTY

Mike DurkinLighthouse Real EstateMore Info
909-599-6600

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Mike DurkinLighthouse Real EstateMore Info
909-599-6600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.