Riverside, CA 92501 4228 10th Street
$995,000
1 more
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Beds • 6
Baths • 4
SQFT • 2,600
Garage • 2
Year Built • 1936
Home Details
Now available, a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and trash.
The property features updated electrical systems and tenant-friendly amenities including garage parking and an onsite laundry facility, enhancing tenant convenience and retention. With a current **11.8 GRM** and **6.3% CAP rate**, this asset offers immediate cash flow and long-term upside for investors. The owner is in the process of updating the roof on the front structure. This property can be purchased together with the adjoining 4-unit property at **4250 10th Street**, offering a rare chance to acquire 8 total units side by side. This is an excellent opportunity for investors looking to expand their portfolio with a desirable asset in a strong rental market.
Presented By: Kristopher German with RE/MAX 2000 REALTY; 909-645-0443
Interior Features for 4228 10th Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories1
Other Rooms
Entry Level1
General for 4228 10th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.32
Carport Y/NNo
CityRiverside
Community FeaturesHiking, StreetLights, Sidewalks
CoolingWallWindowUnits
CountyRiverside
Current FinancingNone
DirectionsJust South of Mission Inn Avenue. West of Market Street
Electric Expense21.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense750.0
Garage Spaces2.0
Garage Y/NYes
Gross Income84420.0
HOANo
HOA Fee$0.0
HeatingNone
Home Warranty Y/NNo
Insurance Expense1800.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan
Lot Size Square Feet7840.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
Net Operating Income62865.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense19023.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot005
Taxes$11,657
Tenant PaysElectricity, Gas
Total Actual Rent6992.0
Trash Expense897.0
UtilitiesElectricityAvailable, NaturalGasAvailable, SewerAvailable, WaterAvailable
ViewNone
Water Sewer Expense897.0
Year Built1936
Year Built SourceAssessor
ZoningR1065
Exterior for 4228 10th Street
Building Area Total2600.0
Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.18
Lot Size Area7840.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Garage
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking2.0
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
