421 Devener, Riverside, CA 92507
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
421 Devener,Riverside, CA 92507
$1,575,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: douglas mccauley, david covarrubias
Office: marcus & millichap
MLS#:CV26019708
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,575,000
About this home
Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings built in 1966 with 5,712 rentable square feet on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated. The asset presents a value-add opportunity, with the ability to enhance cash flow through rent growth. Additionally, qualified buyers may benefit from the potential availability of 30-year fixed-rate financing, a significant advantage for investors seeking stable, long-term returns on small-balance multifamily assets. Riverside offers a strong and affordable investment backdrop anchored by steady job growth and a diversified employment base. The city is home to University of California, Riverside and benefits from a large public-sector presence tied to Riverside County, healthcare, education, and logistics. Compared to coastal Southern California markets, Riverside remains relatively affordable, supporting continued in-migration and sustaine...
Contact an agent
Home facts
- Listing ID #:CV26019708
- Added:184 day(s) ago
- Updated:August 01, 2026 at 08:39 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$1,575,000
New listings near 421 Devener
- New
$699,000Active4 beds 1 baths1,140 sq. ft.1222 Center Street, Riverside, CA 92507
MLS# CV26149024Listed by: KELLER WILLIAMS REALTY COLLEGE PARK - Open Sat, 1 to 3pmNew
$829,000Active6 beds 3 baths3,144 sq. ft.9237 Meadow, Riverside, CA 92508
MLS# OC26165179Listed by: KELLER WILLIAMS REALTY - New
$1,149,888Active6 beds 4 baths2,518 sq. ft.4320 Ambs Drive, Riverside, CA 92505
MLS# CV26167860Listed by: PACIFIC REALTY CENTER - Open Sun, 11am to 3pmNew
$699,900Active3 beds 2 baths1,407 sq. ft.5137 Peacock Lane, Riverside, CA 92505
MLS# DW26167710Listed by: CENTURY 21 REALTY MASTERS - New
$699,000Active4 beds 1 baths1,140 sq. ft.1222 Center Street, Riverside, CA 92507
MLS# CV26149024Listed by: KELLER WILLIAMS REALTY COLLEGE PARK - New
$695,000Active3 beds 2 baths1,652 sq. ft.9209 Agave Place, Riverside, CA 92503
MLS# NDP2607227Listed by: COMPASS - Open Sun, 1 to 3pmNew
$829,000Active6 beds 3 baths3,144 sq. ft.9237 Meadow, Riverside, CA 92508
MLS# OC26165179Listed by: KELLER WILLIAMS REALTY - New
$735,000Active4 beds 3 baths2,460 sq. ft.20516 Marcus, Riverside, CA 92508
MLS# OC26165198Listed by: REDFIN - Coming Soon
$784,900Coming Soon-- beds -- baths3309 3311 Brockton Ave, Riverside, CA 92501
MLS# TR26162393Listed by: DEPREZ AND SON, INC - Coming Soon
$784,900Coming Soon-- beds -- baths3309 3311 Brockton Ave, Riverside, CA 92501
MLS# TR26162393Listed by: DEPREZ AND SON, INC