4228 10th St - Apartments FOR SALE


Riverside, CA 92501- Downtown Riverside
$995,000 USD
626-427-0786
4228 10th St, Riverside, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/7
null | 6.32% Cap Rate

4228 10th St
Riverside, CA 92501
Downtown Riverside


HIGHLIGHTS

  • Minutes to Downtown Riverside
  • 2(2Bed/1Bath) Single level Units & 2(1Bed/1Bath) Units
  • Updated Electrical Panels
  • Tenants Enjoy Onsite Laundry Facility & Garage Parking
  • 11.79 GRM | 6.32% CAP Rate

OVERVIEW

Kristopher German of The Apartment Dealer is pleased to offer for sale a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and trash. The property features updated electrical systems and tenant-friendly amenities including garage parking and an onsite laundry facility, enhancing tenant convenience and retention. With a current **11.8 GRM** and **6.3% CAP rate**, this asset offers immediate cash flow and long-term upside for investors. The owner is in the process of updating the roof on the front structure. This property can be purchased together with the adjoining 4-unit property at **4250 10th Street**, offering a rare chance to acquire 8 total units side by side. This is an excellent opportunity for investors looking to expand their portfolio with a desirable asset in a strong rental market.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$383 USD /SF

# OF UNITS

4

PRICE/UNIT

$248,750

CAP RATE

6.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Minutes to Downtown Riverside!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,840 SF

ZONING

R1065

APN/PARCEL ID

215-071-005

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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