421 Devener, Riverside, CA 92507

Riverside
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
421 Devener,Riverside, CA 92507
$1,549,000
  • 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:$1,549,000

About this home

ACTUAL 7.18% CAP RATE! 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...

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Home facts

  • Listing ID #:CV26019708
  • Added:274 day(s) ago
  • Updated:October 30, 2026 at 02:35 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$1,549,000
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