4545-4581 Main St - Apartments FOR SALE


Riverside, CA 92501- Downtown Riverside
$3,645,000 USD
909-827-0687
4545-4581 Main St, Riverside, CA for Sale
$3,645,000 USD
Apartments - FOR SALE
1/10
null | 6.06% Cap Rate

4545-4581 Main St
Riverside, CA 92501
Downtown Riverside


HIGHLIGHTS

  • Desirable Unit Mix: (1) 3+2, (6) 2+1, (6) 1+1, (1) studio — strong appeal across tenant profiles.
  • 22 On-Site Parking Spaces.
  • Near the Mission Inn, Cheech Marin Center, and 91/215 Freeways.

OVERVIEW

Marcus & Millichap is pleased to present 4545–4581 Main Street, a 14-unit multifamily investment opportunity located near Downtown Riverside. Just off Magnolia Avenue and 14th Street, the property spans three contiguous parcels totaling ±34,412 square feet and consists of five separate buildings, including a standalone 3-bed/2-bath home, three duplexes, and one 7-unit structure. Nearly all units are single-story, offering tenants a comfortable, residential feel in a walkable, well-connected location. The unit mix includes one 3-bed/2-bath home, six 2-bed/1-bath units, six 1-bed/1-bath units, and one studio. Tenants benefit from mini-split A/C systems, 22 on-site parking spaces, on-site laundry, and newer roofs — key features that support tenant satisfaction and long-term stability. Additional stand-alone garages offer rental income potential as storage units, along with two owner’s rooms that may be convertible to garages or ADUs (buyer to verify feasibility). The asset is currently operating at a 6.06% cap rate and 11.31 GIM, with in-place income and modest upside through future rent increases. Located steps from Riverside City College and minutes from UC Riverside, the property is surrounded by retail, employment centers, and Riverside’s most notable attractions — including the Mission Inn Hotel, Cheech Marin Center, and Mount Rubidoux Park. With strong fundamentals and a desirable unit mix, this offering presents a rare opportunity for investors seeking stable cash flow in one of the city's most proven rental markets.

FOR SALE DETAILS

PRICE

$3,645,000 USD

PRICE/SF

$396 USD /SF

# OF UNITS

14

PRICE/UNIT

$260,357

CAP RATE

6.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3

APN/PARCEL ID

219-031-004

ASK ABOUT THIS PROPERTY

Sebastian DiazMarcus & MillichapMore Info
909-827-0687

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Sebastian DiazMarcus & MillichapMore Info
909-827-0687

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