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
- Active
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 located at 421 & 427 Devener Street, 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, supportin...
Contact an agent
Home facts
- Listing ID #:CV26019708
- Added:229 day(s) ago
- Updated:September 15, 2026 at 02:09 PM
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
- Coming SoonOpen Sat, 11:30am to 2pm
$1,079,900Coming Soon4 beds 4 baths4,237 sq. ft.16861 Ridge Cliff, Riverside, CA 92503
MLS# IV26201731Listed by: JASON MITCHELL REAL ESTATE CALIFORNIA, INC. - Coming Soon
$565,000Coming Soon3 beds 3 baths1,440 sq. ft.9789 Winterberry Drive, Riverside, CA 92503
MLS# IG26201226Listed by: WESTCOE REALTORS, INC. - Coming Soon
$824,900Coming Soon4 beds 3 baths2,332 sq. ft.8251 Bent Tree, Riverside, CA 92509
MLS# IV26200882Listed by: KELLER WILLIAMS RIVERSIDE CENT - Coming SoonOpen Sat, 1 to 4pm
$1,049,000Coming Soon4 beds 3 baths2,138 sq. ft.17411 Kaison Circle, Riverside, CA 92508
MLS# PW26191123Listed by: CENTURY 21 DISCOVERY - Coming SoonOpen Sat, 12 to 3pm
$975,000Coming Soon5 beds 4 baths3,250 sq. ft.16800 Sendero Del Charro, Riverside, CA 92504
MLS# IV26200642Listed by: TOWER AGENCY - Coming Soon
$614,950Coming Soon3 beds 2 baths1,491 sq. ft.5560 Cleta Drive, Riverside, CA 92505
MLS# TR26200372Listed by: RE/MAX TOP PRODUCERS - Coming Soon
$999,000Coming Soon4 beds 4 baths2,355 sq. ft.17373 Cyrus Lane, Riverside, CA 92504
MLS# SW26199865Listed by: MARTINEZ REAL ESTATE & MORTGAGE SERVICES, INC. - Coming Soon
$199,900Coming Soon2 beds 2 baths1,440 sq. ft.15181 Van Buren #10, Riverside, CA 92504
MLS# IV26198568Listed by: VISTA SOTHEBY'S INTERNATIONAL REALTY - Coming Soon
$819,000Coming Soon5 beds 3 baths2,889 sq. ft.8097 Booker, Riverside, CA 92507
MLS# IG26198203Listed by: RE/MAX ADVANTAGE - Coming Soon
$750,000Coming Soon4 beds 3 baths1,926 sq. ft.3535 Windstorm Way, Riverside, CA 92503
MLS# DW26197262Listed by: CENTURY 21 ALLSTARS