1195 Spring St Riverside, CA 92507
Five-unit multifamily property in Riverside with stable income potential.
Property Features for 1195 Spring St
General Information
- Standard status
- Active
- Size
- 3,264 SF
- Lot size
- 0.21 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing office Marcus & Millichap - Inland Empire (909) 456-3400
Listing date Jan 28, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Stable income and long‑term appreciation potential in a growing Inland Empire market.
- Functional unit mix of one and two‑bedroom floor plans.
- Separately metered for gas and electricity, limiting utility exposure.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.0k | $26.04 |
| − Vacancy | −$4.4k | −$1.35 |
| EGI | $80.6k | $24.69 |
| − OpEx | −$36.3k | −$11.11 |
| NOI | $44.3k | $13.58 |