1195 W Spring Street, Riverside, CA 92507
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1195 W Spring Street,Riverside, CA 92507
$885,000
- - Beds
- - Baths
- 3,264 sq. ft.
- Multi-family
- Active
Listed by: douglas mccauley, david covarrubias
Office: marcus & millichap909-456-3400
MLS#:CV26019641
Source:CRMLS
Price summary
- Price:$885,000
- Price per sq. ft.:$271.14
About this home
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....
Contact an agent
Home facts
- Year built:1962
- Listing ID #:CV26019641
- Added:185 day(s) ago
- Updated:August 01, 2026 at 11:04 AM
Rooms and interior
- Living area:3,264 sq. ft.
Structure and exterior
- Year built:1962
- Building area:3,264 sq. ft.
- Lot area:0.21 Acres
- Lot Features:Street Level
Utilities
- Water:Public
- Sewer:Septic Tank
Finances and disclosures
- Price:$885,000
- Price per sq. ft.:$271.14
Parking
- Total parking spaces:9
- Parking description:5 Carport Space(s), Carport, On Site
- Carport spaces:5
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