Riverside Multifamily Investment
1195 Spring St, Riverside, CA 92507
Call to check price and availability
Five-unit multifamily property in Riverside with stable income potential.
Type:Multifamily
Property size:
3,264 SFLot size:
0.21 AcresPrice / SF:
$295/SF- Added:
- Jan 28, 2026
- Days on Market:
- 124
- Last Refresh:
- Mar 17 at 1:14 pm
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 agent David Covarrubias License #CA 01941403
Listing office Marcus & Millichap - Inland Empire (909) 456-3400
Listing date Jan 28, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Inland Empire
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.
- Located in Riverside, with a diverse employment base and continued population growth.
- Access to Downtown Riverside amenities and outdoor recreation.
- On‑site laundry room and carport parking.
Overview
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 mix of one and two-bedroom floor plans within a single-story building. On-site amenities include a laundry room, wall-mounted air conditioner and heater units, and separate gas and electricity meters for each unit. 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, contributing to 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. Downtown reinvestment initiatives, including the Riverside Alive project with new residential, office, retail, hotel uses, and convention center expansion, are expected to further reinforce long-term economic growth and rental demand. This well-located multifamily asset is positioned for durable income and long-term appreciation.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.3379133
- Latitude
- 34.0124001
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Five-unit multifamily property in Riverside with stable income potential.
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: 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.
