Active

1195 W Spring Street

Riverside, CA 92507

$885,000 $3,731/Mo

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Overview

Bed

Bath

3,264

Sqft

9,147.60

Sqft(Lot)

Description

Pleased to exclusively present the opportunity to acquire a five-unit multifamily property built in 1962 with 3,264 rentable square feet on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single-story construction. The property has an on-site laundry room, wall-mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking. Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California, Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long-term economic growth and rental demand. With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an attractive opportunity to acquire a stable, well-located multifamily asset positioned for durable income and long-term appreciation.

Property Details

Property Type : Residential Income

Price : $885,000

AD Id : 74604575

MLS Id : CV26019641

Lot Size : 9,147.60 Sqft

Living Area Size : 3,264

Year Built : 1962

County : Riverside

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Septic Type Unknown

Building Information

Year Built: 1962 Building Area Total: 3,264
Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.21
Lot Size Source: Public Records Lot Size Square Feet: 9147.6

Listing Price Information

Original List Price: 885,000 Listing Contract Date: 2026-01-26
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 247105005

Garage and Parking

Garage Description: Carport,On Site

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 252 - Riverside Directions: Turn right onto Iowa Avenue & left onto Sprint Street. The property is on the left side. Source Property Type: Residential Income Area: 252 - Riverside Property SubType: Apartment
Building and Construction

Property Age: 64 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: Front Property Attached: Yes

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
7102 Olive Grove Street, Riverside, CA, 92507	$499,999	3	2	1,567	1,567 SqFt
7395 Olive Grove St, Riverside, CA, 92507	$407,500	2	2	848	848 SqFt
375 Central Avenue #83, Riverside, CA, 92507	$339,000	1	1	740	740 SqFt
421 Devener, Riverside, CA, 92507	$1,615,000	--	--	5,712	5,712 SqFt
1110 W Blaine Street #102, Riverside, CA, 92507	$365,000	2	2	840	840 SqFt
1110 W Blaine #107, Riverside, CA, 92507	$370,000	2	2	840	840 SqFt
585 Via Pueblo, Riverside, CA, 92507	$748,000	3	3	2,336	2,336 SqFt
1136 W Blaine Street #203, Riverside, CA, 92507	$249,000	--	1	489	489 SqFt
5050 Canyon Crest, Riverside, CA, 92507	$440,000	2	2	1,302	1,302 SqFt
1305 Massachusetts #205, Riverside, CA, 92507	$249,000	1	1	640	640 SqFt

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1195 W Spring Street,
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3,264

Sqft

9,147.60

Sqft(Lot)

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ByOwner last updated this listing 06/04/2026 @ 13:14

MLS: CV26019641 LISTED BY: Douglas McCauley, MARCUS & MILLICHAP 909-456-3400 SOURCE: CRMLS