4160 Chestnut St - Apartments FOR SALE


Riverside, CA 92501- Downtown Riverside
$799,000 USD
949-291-5691
4160 Chestnut St, Riverside, CA for Sale
$799,000 USD
Apartments - FOR SALE
1/7
null | 5.01% Cap Rate

4160 Chestnut St
Riverside, CA 92501
Downtown Riverside


HIGHLIGHTS

  • Craftsman-designed triplex located in Downtown Riverside.
  • Three garages plus five off-street parking spaces for ample tenant convenience.
  • Expansive backyard with mature orange and grapefruit trees.
  • Large shaded front porch and fenced side yard ideal for outdoor living.
  • Walking distance to Mission Inn, dining, nightlife, and entertainment.
  • Strong tenant retention due to property quality and prime location.

OVERVIEW

Discover a rare Craftsman-designed triplex in the heart of Downtown Riverside, offering a unique investment opportunity with timeless character and strong tenant appeal. Situated on a flat, street-to-alley parcel, this property combines functionality with charm, featuring three garages and five additional off-street parking spaces. The expansive backyard is fully usable and enhanced with mature orange and grapefruit trees, creating a serene outdoor environment. The property includes three distinct units. The primary unit offers two bedrooms, one bath, an enclosed entry porch, glossy hardwood floors, a spacious country-style kitchen, and a separate laundry room. Bright, airy rooms and private access to the rear yard add to its appeal. The second unit features one bedroom, one bath, a cozy fireplace with hearth and mantel, and hardwood flooring throughout. The third unit offers a one-bedroom loft layout, providing a unique living experience. Residents enjoy a large shaded front porch for relaxation and a fenced side yard perfect for gardening or outdoor gatherings. Located within walking distance to the Mission Inn, top restaurants, nightlife, and entertainment, this property offers both convenience and lifestyle. With minimal tenant turnover and a highly desirable location, this asset is an exceptional addition to any portfolio.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

3

PRICE/UNIT

$266,333

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CRAFTMAN DESIGNED 3 UNIT INVESTMENT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

SB 9

APN/PARCEL ID

215-222-021

ASK ABOUT THIS PROPERTY

Ken KelleyCoast & Country Real EstateMore Info
949-291-5691

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Ken KelleyCoast & Country Real EstateMore Info
949-291-5691

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