Five-Building 14-Unit
For Sale
$3,595,000
4545 Main St, Riverside, CA 92501
Fourteen units across five buildings offer single-story living, on-site laundry, and 25 parking spaces.
Property SizeContact for details
Lot Size0.79 Acres
Days on Market117
Property Features for 4545 Main St
General Information
Standard status
Active
Total Parking Spaces
25
Lot size
0.79 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.12%
Multifamily Units
14
Amenities
on-site laundry facility
interior mini-split air conditioning systems
6.12% CAP RATE AND 11.11 GIM: Provides solid in-place income with the potential for future rental upside.
BALANCED AND DESIRABLE UNIT MIX: Includes (1) 3 Bed / 2 Bath, (6) 2 Bed / 1 Bath, (6) 1 Bed / 1 Bath, and (1) non-conforming studio, appealing to a wide range of tenants.
25 ON-SITE PARKING SPACES: Ample parking, a key amenity in this infill location.
±34,412 SQUARE FEET ACROSS 3 PARCELS: Includes detached garages for additional storage income and two owner's rooms with potential for garage or ADU conversion, subject to buyer verification.
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(213) 943-1839
Listed By:
Sebastian Diaz · License #License(s): CA: 02109872
(213) 943-1839
Source:
Marcusmillichap
Added: May 8
Changed: Aug 27
Last Checked: Aug 31 at 12:49PM
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
Investment Insights
Based on property information with market context.
4545–4581 Main Street is a 14-unit multifamily property configured as five separate buildings across three contiguous parcels. The asset is predominantly single-story and includes an on-site laundry facility and interior mini-split air conditioning systems. On-site parking totals 25 spaces, and the property also features stand-alone garages that may provide additional storage income for verification purposes. Two separate owner’s rooms may be convertible into additional garages or ADU units, subject to buyer verification. Recent capital improvements include newer roofs and maintained exterior areas.
The property is located near Downtown Riverside, positioned just off Magnolia Avenue and 14th Street. It is within walking distance of Riverside City College and under ten minutes from UC Riverside, with access to major transportation corridors. Regional connectivity is supported by proximity to the 91 and 215 Freeways.
The unit mix includes one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio. The current operating metrics are reported at a 6.12 percent cap rate and 11.11 GIM, with continued income support from the existing tenant base and in-place amenities.
The property is located near Downtown Riverside, positioned just off Magnolia Avenue and 14th Street. It is within walking distance of Riverside City College and under ten minutes from UC Riverside, with access to major transportation corridors. Regional connectivity is supported by proximity to the 91 and 215 Freeways.
The unit mix includes one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio. The current operating metrics are reported at a 6.12 percent cap rate and 11.11 GIM, with continued income support from the existing tenant base and in-place amenities.
Key Highlights
- 14‑unit multifamily property built in 1950 across five separate buildings on three contiguous parcels totaling approx. 34,412 SF.
- Unit mix includes 1 three‑bedroom/2‑bath home, 6 two‑bedroom units, 6 one‑bedroom units, and 1 studio for a broad tenant base.
- Single‑story, predominantly residential‑style layout with enhanced privacy and open space versus traditional apartment complexes.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,629
Businesses Nearby
Explore this area
Business Placement
Demographics for 92501, CA
22,017
Population
7,488
Households
2.9
Avg Household Size
35
Median Age
18%
College-Educated
81%
High-School Grad
5.6 sq mi
ZIP Area
3,932
Density / Sq Mi
$83,027
Median Household Income
$41,780
Median Earnings
$1,615
Median Rent
$466,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen units across five buildings offer single-story living, on-site laundry, and 25 parking spaces.
Where is this apartment building located?
The property is located at 4545 Main St Riverside, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 14‑unit multifamily property built in 1950 across five separate buildings on three contiguous parcels totaling approx. 34,412 SF.; Unit mix includes 1 three‑bedroom/2‑bath home, 6 two‑bedroom units, 6 one‑bedroom units, and 1 studio for a broad tenant base.; Single‑story, predominantly residential‑style layout with enhanced privacy and open space versus traditional apartment complexes.
