Active Under Contract

1195 W Spring Street

Riverside, CA 92507
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Bed 0

Bed

Bath 0

Bath

SqFt3,264

Sqft

SqFt9,147.60

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $885,000

AD Id : 87072138

MLS Id : CV26019641

Lot Size : 9,147.60 Sqft

Living Area Size : 3,264

Year Built : 1962

County : Riverside

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Feature Features

  • Building Information

    Year Built: 1962
    Building Area Total: 3264
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 0.21 Lot Size Acres: 0.21 Lot Size Source: Public Records Lot Size Square Feet: 9,148 Lot Description: Street Level

  • Listing Price Information

    Listing Price: $885000
    Original Price: $965000
    Cash, Cash to New Loan

  • Tax Information

    Parcel Number: 247105005 Tax Lot: 7

  • Location Information

    Direction: Turn right onto Iowa Avenue & left onto Sprint Street. The property is on the left side. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
8538 Anthony, Riverside, CA, 92507 $830,000 5 3 2,824 2,824 SqFt
7410 Wagon Trail, Riverside, CA, 92507 $825,000 4 2 2,910 2,910 SqFt
21264 Telegraph, Riverside, CA, 92507 $668,000 3 2 1,388 1,388 SqFt
7633 River Gulch, Riverside, CA, 92507 $880,000 4 2 2,387 2,387 SqFt
7453 Grazing Lane, Riverside, CA, 92507 $1,050,000 7 5 3,560 3,560 SqFt
8188 Country Mile Lane, Riverside, CA, 92507 $784,999 4 2 2,316 2,316 SqFt
7335 Stockyard, Riverside, CA, 92507 $829,000 5 3 2,657 2,657 SqFt
21147 Broken Stone Court, Riverside, CA, 92507 $938,000 5 4 3,245 3,245 SqFt
21047 Iron Rail, Riverside, CA, 92507 $975,000 5 2 3,593 3,593 SqFt
20948 Center Street, Riverside, CA, 92507 $799,000 4 3 2,870 2,870 SqFt

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 07/22/2026 @ 19:13

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

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