4412-4430 Mission Inn Ave - Apartments FOR SALE


Riverside, CA 92501- Downtown Riverside
$2,600,000 USD
909-418-2071
4412-4430 Mission Inn Ave, Riverside, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/58
null | 5.83% Cap Rate

4412-4430 Mission Inn Ave
Riverside, CA 92501
Downtown Riverside


HIGHLIGHTS

  • A well-maintained 12-unit property including two newly constructed 2026 ADUs — generating a current cap rate of 5.83%
  • An attractive opportunity to capture 13% rental upside by raising rents to market rates
  • Attractively priced at $216,667 per unit and $390 per square foot
  • Select units feature updated kitchen and bathroom cabinetry, oven ranges with hoods, and tile and laminate plank wood flooring
  • Situated on a ±11,761 SF lot with ±6,666 SF of total building area, inclusive of two newly constructed ADUs completed in 2026
  • The property offers two studios and ten 1-bedroom/1-bathroom units averaging 556 SF, each equipped with quiet, energy-efficient split AC systems

OVERVIEW

This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The property is currently generating a 5.83% cap rate, with a pro forma cap rate of 6.78% and 13% rental upside remaining to be captured. Property Highlights: The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset. Thriving Economy & Top Employers: The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity to Los Angeles Union Station. Regional access is further supported by the 60, 91, and I-215 Freeways, making the property an ideal choice for commuters across the greater Inland Empire. Riverside's economy is anchored by healthcare, higher education, and public sector employment, with major employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside — sustaining consistent housing demand and a stable, creditworthy tenant pool. Stabilized Investment Opportunity: 4412–4430 Mission Inn Avenue is a stable, income-producing asset in one of Downtown Riverside's most sought-after residential corridors. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

12

PRICE/UNIT

$216,667

CAP RATE

5.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R1065

APN/PARCEL ID

214-220-007

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

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