Riverside, CA 92503 9059 Colony Place
$1,350,000
40 more
Presented By: Douglas Lee with COMPASS; 650-279-1212
Beds • 8
Baths • 4
SQFT • 3,784
Year Built • 1978
Home Details
Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.
Presented By: Douglas Lee with COMPASS; 650-279-1212
Interior Features for 9059 Colony Place
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringSeeRemarks
Heating Y/NNo
Laundry FeaturesCommonArea, SeeRemarks
Total Stories2
Other Rooms
Entry Level1
General for 9059 Colony Place
AccessibilitySeeRemarks
Additional Parcels Y/NNo
AppliancesGasOven, Refrigerator
Architectural StyleSeeRemarks
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityRiverside
Community FeaturesSuburban, Sidewalks
Construction MaterialsStucco
CoolingCentralAir
CountyRiverside
Current FinancingConventional
DirectionsHead south on Van Buren. Then head east on Jackson, then a left on Colony Pl.
ElectricStandard
Electric Expense1800.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income96180.0
HOANo
HeatingNone
Home Warranty Y/NNo
Insurance Expense3227.0
Interior FeaturesUnfurnished, AllBedroomsDown
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Contract, CalVetLoan, Exchange1031
Lot Size Square Feet9583.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
Net Operating Income71798.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces8.0
Operating Expense24382.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot4
Taxes$16,875
Tenant PaysElectricity, Gas, Telephone
Trash Expense1000.0
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewNone
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense1000.0
Waterfront Y/NNo
Year Built1978
Year Built SourceEstimated
ZoningR3
Exterior for 9059 Colony Place
Building Area Total3784.0
Crops Included Y/NNo
FencingWood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, CulDeSac, RectangularLot
Lot Size Acres0.22
Lot Size Area9583.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Parking FeaturesOnSite, Paved, Private, OneSpace, Uncovered
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,350,000
MLS#AR25048685
List Date
03/25/2025
Property Type
Multi-Family
Phone
(310) 963-5595
