Homes for sale - 4027 Dwight AVE, Riverside, CA 92507

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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$595,000

Est. payment - /mo

2 Beds

2 Baths

1,273 SqFt

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,273 sqft

Price per Sqft $467

MLS Listing ID CV25052736

Bedrooms 2

Full Baths 2

Construction Status Turnkey

HOA Y/N No

Year Built 1943

Lot Size 6,098 Sqft

Property Sub-Type Duplex

Property Description

Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550–$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Bank's Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of alley access, and a price point under $600,000 in a low-tax county, this property is a rare find. Whether you're looking to invest, supplement your mortgage with rental income, or build long-term wealth, 4027 Dwight Ave delivers.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R2

Rooms

Other Rooms Two On A Lot

Main Level Bedrooms 2

Interior

Interior Features Eat-in Kitchen, Granite Counters, All Bedrooms Down, Bedroom on Main Level

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile

Fireplaces Type None

Fireplace No

Appliance Gas Range, Gas Water Heater, Range Hood, Water Heater

Laundry Washer Hookup, Electric Dryer Hookup, In Garage

Exterior

Parking Features Door-Single, Garage, Garage Door Opener, No Driveway, Garage Faces Rear, RV Access/Parking

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Suburban, Sidewalks, Park

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

View Mountain(s)

Roof Type Composition,Shingle

Porch Concrete, Front Porch

Attached Garage No

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Front Yard, Level, Near Park, Near Public Transit, Rectangular Lot, Sprinkler System, Yard

Dwelling Type Duplex

Faces East

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

Additional Building Two On A Lot

New Construction No

Construction Status Turnkey

Schools

School District Riverside Unified

Others

Senior Community No

Tax ID 221051030

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, Fannie Mae, Freddie Mac, VA Loan

Special Listing Condition Standard

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Listed by Caleb Hanson • KELLER WILLIAMS REALTY COLLEGE PARK • 626-328-4199

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Serving Southern California

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