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$1,795,000
Est. payment /mo
3,944 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,944 sqft
Price per Sqft $455
MLS Listing ID 25532143
HOA Y/N No
Year Built 1926
Lot Size 0.310 Acres
Property Description
We are pleased to present 4562 Orange Street, an 8-unit multifamily property located near Downtown Riverside. Just one block from Magnolia Avenue and 14th Street, this well-maintained asset offers historic charm, excellent curb appeal, and strong tenant appeal in one of Riverside's most walkable and in-demand neighborhoods. Situated on a 13,504 sq. ft. lot, the property features a single structure with a secured main entry. The layout includes four studio units in the front and four one-bedroom units in the rear. The front units offer private entrances and hallway access, while a grassy front yard and ample on-site parking provide added comfort and convenience for residents. The property also features a newer roof, providing added durability and reducing maintenance needs. Currently operating at a 5.65% cap rate and 11.76 GRM, the property delivers stable in-place income with room for modest rent growth. The unit mix and location appeal to students, professionals, and long-term tenants looking for well-located, quality housing. Walking distance to Riverside City College and less than 10 minutes from UC Riverside, the property also benefits from proximity to key employment centers, retail, and cultural landmarks such as the Mission Inn Hotel & Spa, Cheech Marin Center, Mount Rubidoux Park, and California Citrus State Historic Park. Easy access to the 91 and 215 Freeways enhances tenant mobility and supports long-term rental demand. 4562 Orange Street presents a strong opportunity for investors seeking a clean, income-generating asset in one of Riverside's most established submarkets.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R3
Interior
Fireplace No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 219033004
Special Listing Condition Standard
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Listed by Oscar Diaz • Marcus & Millichap
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