Keegan Cin | Realtor® | License # DRE 01971604

Property

Riverside, CA 92501 4581 Main Street

4581 Main Street Riverside, CA - Image 14581 Main Street Riverside, CA - Image 24581 Main Street Riverside, CA - Image 3
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4581 Main Street Riverside, CA - Image 44581 Main Street Riverside, CA - Image 54581 Main Street Riverside, CA - Image 64581 Main Street Riverside, CA - Image 74581 Main Street Riverside, CA - Image 8
Presented By: Oscar Diaz with Marcus & Millichap;
  • MLS# 25532145
  • 04/30/2025
  • Request Tour
  • Request Info
  • Baths • 15
  • SQFT • 9,200
  • Year Built • 1950

Home Details

We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment opportunity located near Downtown Riverside. Just off Magnolia Avenue and 14th Street, the property spans three contiguous parcels totaling 34,412 square feet and consists of five separate buildings, including a standalone 3-bed/2-bath home, three duplexes, and one 7-unit structure. Nearly all units are single-story, offering tenants a comfortable, residential feel in a walkable, well-connected location. The unit mix includes one 3-bed/2-bath home, six 2-bed/1-bath units, six 1-bed/1-bath units, and one studio. Tenants benefit from mini-split A/C systems, 22 on-site parking spaces, on-site laundry, and newer roofs key features that support tenant satisfaction and long-term stability. Additional stand-alone garages offer rental income potential as storage units, along with two owner's rooms that may be convertible to garages or ADUs (buyer to verify feasibility). The asset is currently operating at a 6.06% cap rate and 11.31 GIM, with in-place income and modest upside through future rent increases. Located steps from Riverside City College and minutes from UC Riverside, the property is surrounded by retail, employment centers, and Riverside's most notable attractions including the Mission Inn Hotel, Cheech Marin Center, and Mount Rubidoux Park. With strong fundamentals and a desirable unit mix, this offering presents a rare opportunity for investors seeking stable cash flow in one of the city's most proven rental markets.
Presented By: Oscar Diaz with Marcus & Millichap;

Interior Features for 4581 Main Street

Bedrooms

Total Bedrooms

Bathrooms

Half Baths0
Total Baths0
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
LivingAreaSourceAssessor
Total Stories2

General for 4581 Main Street

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.06
Carport Y/NNo
CityRiverside
CountyRiverside
DirectionsTo reach 4545-4581 Main St, Riverside from the I-15 and I-10 freeway junction, take I-10 E toward San Bernardino. Merge onto I-215 S, then take the Mission Inn Ave exit. Head east on Mission Inn Ave, the
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income312713.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet34412.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
Net Operating Income221015.0
New ConstructionNo
Number Of Units Total14
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1950
Year Built SourceAssessor
ZoningR3

Exterior for 4581 Main Street

Building Area Total9200.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.79
Lot Size Area34412.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Justin Hughey

Price $3,645,000
MLS#25532145
List Date 04/30/2025
Property Type Multi-Family
Request Tour
Request Info

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