1195 W SPRING STREET, Riverside, CA 92507
1195 W SPRING STREET, Riverside, CA 92507
1195 W SPRING STREET, Riverside, CA 92507
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$885,000
Est. payment /mo
9,147 Sqft Lot
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26019641

HOA Y/N No

Year Built 1962

Lot Size 9,147 Sqft

Property Sub-Type Apartment

Property Description

Pleased to exclusively present the opportunity to acquire a five-unit multifamily property built in 1962 with 3,264 rentable square feet
on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single-story
construction.

The property has an on-site laundry room, wall-mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The
property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking.

Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability
compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California,
Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long-term economic growth and rental demand.

With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an
attractive opportunity to acquire a stable, well-located multifamily asset positioned for durable income and long-term appreciation.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport, On Site

Carport Spaces 5

Pool None

Community Features Curbs, Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description Street Level

Story 1

Sewer Septic Type Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 247105005

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Douglas McCauley MARCUS & MILLICHAP 626-695-6776

NEARBY SCHOOL & BUSINESS

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