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3080 Elgin Drive

Riverside, CA 92507
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Bed 2

Bed

Bath 2

Bath

SqFt6,529

Sqft(Lot)

We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside's University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,60 0 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a growing student population and convenient regional connectivity via I-215, SR-60 and SR-91, supporting rental demand from students, families and working professionals alike.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,030,000

AD Id : 91344800

MLS Id : CV26204711

Beds : 2

Lot Size : 6,529 Sq. Ft

Year Built : 1964

Garage : 4

County : Riverside

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Feature Features

  • Heating & Cooling

    Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1964
    Building Area Total: 4200
    Pool Features: Community, Association
    Private Pool: No
    Association Fee Frequency: Monthly

  • Lot Information

    Main Square Feet: 6529 Lot Size Acres: 0.1499 Lot Size Source: Assessor Lot Size Square Feet: 6,529 Lot Description: TwentyOneToTwentyFiveUnitsAcre

  • Listing Price Information

    Listing Price: $1030000
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  • Tax Information

    Parcel Number: 250121012 Tax Lot: 8

  • Parking Information

    Parking Total: 8

    Garage Information

    Has Garage: Yes Garage Space: 4

    Homeowners Association Information

    Has Association: Yes
    HOA: $550.00
    Association Amenities: Clubhouse, MaintenanceGrounds, MaintenanceFrontYard, Barbecue, Pool
    Community Features: Sidewalks, Pool

  • Location Information

    Direction: Canyon Crest Drive to Elgin Drive WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1152 Villa, Riverside, CA, 92507 $1,700,000 12 9 -- 18,731 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/21/2026 @ 17:50

MLS: CV26204711 LISTED BY: Sean Hwangbo, TNG REAL ESTATE CONSULTANTS 714-203-8555 SOURCE: CRMLS

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