421 Devener St Riverside, CA 92507

This offering presents the opportunity to acquire two side-by-side 4-plex apartment buildings constructed in 1966, totaling eight units. The buildings provide 5,712 rentable square feet on a 0.33-acre lot within the City of Riverside. The unit mix features one and two-bedroom floor plans. Residents have convenient access to the I-10, I-215, SR-60, and SR-91 freeways, providing regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities and wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity and has its own hot water heater. Parking includes 11 open spaces. The property uses a septic system, with a new tank installed in 2025. The electrical panels have also been recently updated. This asset offers a value-add opportunity to enhance cash flow through rent growth. Qualified buyers may benefit from the potential availability of 30-year fixed-rate financing. Riverside offers a strong investment environment supported by job growth and a diversified employment base. The city is home to the University of California, Riverside, and benefits from a large public-sector presence tied to Riverside County, healthcare, education, and logistics. The location supports continued renter demand. Area residents enjoy a robust lifestyle and amenity base, including the historic Mission Inn Hotel & Spa, the Fox Performing Arts Center, and outdoor attractions such as California Citrus State Historic Park.