1195 Spring St Riverside, CA 92507

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.