4204 12th Street,Riverside, CA 92501
Riverside, CA 92501
Description
***INCOME OPPORTUNITY - ATTENTION INVESTORS AND MORE!*** Don't miss this exceptional opportunity to acquire a unique four-unit property (2 units on a lot) near the heart of Downtown Riverside! Situated on a prominent corner lot, this income-producing property features two separate buildings and a highly desirable unit mix consisting of two three-bedroom, two-bathroom residences and two one-bedroom, one-bathroom residences, plus a basement. This versatile configuration is ideal for an investor looking to expand a rental portfolio or an owner-occupant interested in living in one unit while generating income from the others. The charming Craftsman-style building showcases classic architecture, a welcoming covered front porch, mature shade trees and excellent street presence. The second two-story building offers additional residences with separate entrances and convenient access from the surrounding streets and alley. The interiors provide comfortable and functional living spaces with abundant natural light, spacious living rooms, well-appointed kitchens, generously sized bedrooms and a combination of carpet, tile and wood-look flooring. Select improvements include white cabinetry, tasteful countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature generously sized closets, and ceiling fans and wall-mounted climate-control units can be found throughout the property. Additional amenities include a shared laundry facility, gated outdoor areas, paved spaces and multiple parking possibilities. The corner-lot setting provides convenient access and separation between the buildings while mature landscaping adds shade and privacy. Conveniently located near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation and major freeway access, this property offers a compelling combination of location, flexibility and long-term income potential. Whether you are seeking a multi-generational living arrangement, an owner-occupied investment or a valuable addition to your real estate portfolio, this is an opportunity you will not want to miss!
Details
| MLS # | IV26185431 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1975 |
| Days On Site | 65 |
| Listing Provided By | ELEVATE REAL ESTATE AGENCY | RYAN MCKEE |
Features
| SQ Feet | 3,553 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Acreage | 0.13 |
Interior
| Cooling | Central Air, See Remarks, Wall Window Units |
|---|---|
| Heating | Central, See Remarks, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Fireplace Yes / No | Yes |
Exterior
| Lot Features | Front Yard, Lawn |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Unknown |
|---|
Location
| Community Features | Curbs, Gutters, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Riverside |
| Zip Code | 92501 |
| Area | 252 Riverside |
| Listing VS Median (in 92501) | |
Price: $1,475,000 low | high Med: $568,800 sqft: 3,553 low | high Med: 2,056 $ / sqft: $415 low | high Med: $277 On site: 65 low | high Med: 23 | |
Market Activity 92501
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Riverside |
| Zip Code | 92501 |
| Area | 252 Riverside |
| Listing VS Median (in 92501) | |
Price: $1,475,000 low | high Med: $568,800 sqft: 3,553 low | high Med: 2,056 $ / sqft: $415 low | high Med: $277 On site: 65 low | high Med: 23 | |
