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1195 Spring St Riverside, CA 92507

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For Sale
$965,000

Five-unit multifamily property in Riverside with functional unit mix.

Property Features for 1195 Spring St

General Information

Standard status
Active

Building Details

Year built
1962

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Listing Contact
Douglas Mccauley
Source: Corcoran

Listing Agency: MARCUS & MILLICHAP Listing Agent: Douglas Mccauley

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Riverside Multifamily Investment Opportunity

This five-unit multifamily property, constructed in 1962, offers 3,264 rentable square feet on a 0.21-acre lot in Riverside. The property features a functional unit mix of one and two-bedroom floor plans within a single-story building. On-site amenities include a laundry room and wall-mounted air conditioner heater units. Each unit is separately metered for gas and electricity. The property utilizes a septic system. Parking is provided by 5 carport spaces and 4 open spaces. Riverside's investment environment is supported by a diverse employment base, ongoing population growth, and relative affordability compared to coastal markets. Major employers include the County of Riverside, March Air Reserve Base, and the University of California, Riverside, fostering stable housing demand from government, military, academic, and healthcare professionals. Residents benefit from 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. The area benefits from ongoing downtown reinvestment, including the Riverside Alive initiative, which features new residential, office, and retail spaces.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Accounting Firm Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Riverside
County
Riverside
State
California
Longitude
-117.3379133
Latitude
34.0124001

FAQs

What type of property is this?
Apartment building - Five-unit multifamily property in Riverside with functional unit mix.
Where is this apartment building located?
The property is located at 1195 Spring St Riverside, CA.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: - Five-unit multifamily property in Riverside.; - Functional unit mix of one and two bedroom floor plans.; - Separately metered for gas and electricity.
More about this property
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