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 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.