Active

4561 Main Street

Riverside, CA 92501

$3,595,000 $15,156/Mo

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Overview

Bed

Bath

9,200

Sqft

34,412

Sqft(Lot)

Description

We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment ideally located near Downtown Riverside. Positioned just off Magnolia Avenue and 14th Street, the property sits within one of Riverside's most desirable neighborhoods, known for its historic character, cultural attractions, and consistent rental demand. The asset spans three contiguous parcels totaling approximately 34,412 square feet and features a unique configuration of five separate buildings. This layout provides enhanced privacy, open space, and a predominantly single-story design, creating a more residential environment compared to traditional apartment complexes. Its proximity to Riverside City College and major transportation corridors further strengthens its long-term tenant appeal. The property off ers key amenities that support stable occupancy, including 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. Recent capital improvements such as newer roofs and well-maintained exterior areas contribute to reduced maintenance needs and tenant retention. Additional income potential is supported by stand-alone garages that can be leased for storage, along with two separate owner's rooms that may offer future conversion into additional garages or ADU units, subject to buyer verification. The unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio, catering to a broad tenant base including students, professionals, and families. The property is currently operating at a 6.12% cap rate and 11.11 GIM, providing strong in-place income with upside through gradual rent growth. Located within a highly accessible and tenant-oriented corridor, the property is within walking distance to Riverside City College and under ten minutes from UC Riverside. Nearby amenities include major retail centers, employment hubs, and notable destinations such as the Mission Inn, The Cheech Center, Mount Rubidoux, and the California Citrus State Historic Park. With convenient access to the 91 and 215 Freeways, the property benefits from strong regional connectivity.45454581 Main Street represents a rare opportunity to acquire a well-located, low-density asset with stable cash flow and long-term growth potential in one of Riverside's most supply-constrained markets.

Property Details

Property Type : Residential Income

Price : $3,595,000

AD Id : 77947586

MLS Id : 26829247

Lot Size : 34,412 Sqft

Living Area Size : 9,200

Year Built : 1950

County : Riverside

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What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 0

Bathroom Information

Total Baths: 0 Full Baths: 0 Half Baths: 0

Building Information

Year Built: 1950 Building Area Total: 9,200

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.79
Lot Size Source: Assessor Lot Size Square Feet: 34412

Listing Price Information

Original List Price: 3,595,000 Listing Contract Date: 2026-05-04
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 219031005

Other Property Info

Source Listing Status: Active Source Neighborhood: 252 - Riverside Postal Code Plus 4: 4109 Directions: To reach Main Street, Riverside from the I-91 and I-215 junction, take CA 91 West toward Downtown Riverside. Exit at Main Street, turn left, and continue south for a few blocks. The property will be on your right. Zoning: R3 Source Property Type: Residential Income Area: 252 - Riverside
Building and Construction

Property Age: 76 Year Built Source: Assessor Total Square Feet Living: 9200 Levels or Stories: Multi/Split

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
3444 W Center Street #43, Riverside, CA, 92501	$185,000	3	2	1,230	1,230 SqFt
1045 Amarillo Court, Riverside, CA, 92501	$615,000	4	2	1,829	1,829 SqFt
3608 Post, Riverside, CA, 92501	$514,900	3	1	980	980 SqFt
1339 Castledale Street, Riverside, CA, 92501	$629,900	3	2	1,868	1,868 SqFt
4252 Jenkins, Riverside, CA, 92501	$725,000	6	3	2,127	2,127 SqFt
4065 Garvey, Riverside, CA, 92501	$610,000	3	2	2,072	2,072 SqFt
1766 Park Place, Riverside, CA, 92501	$609,000	3	2	1,829	1,829 SqFt
3076 Lemon, Riverside, CA, 92501	$925,000	--	--	2,280	2,280 SqFt
1810 Rivera, Riverside, CA, 92501	$488,000	3	2	1,688	1,688 SqFt
4550 Nicole, Riverside, CA, 92501	$649,000	3	2	2,056	2,056 SqFt

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ByOwner last updated this listing 06/06/2026 @ 00:52

MLS: 26829247 LISTED BY: Oscar Diaz, Marcus & Millichap 310-909-5500 SOURCE: CRMLS