Duplex with Storage
For Sale
$1,478,000
3112 1st, Riverside, CA 92507
Commercial Sale, Riverside, CA
Property Size3,600 SF
Lot Size0.67 Acres
Price / SF$410.56
Days on Market60
Property Features for 3112 1st
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BMP
Fencing
Chain Link, Privacy
Directions
North of Vine and 3rd St. east of the 91 fwy.
Subdivision
252 - Riverside
Standard status
Active
APN
213060002
Lot size
0.67 Acres
Utilities
Cooling system
Central Air
Amenities
laminate wood floors
crown molding
central AC
granite counters
private yards
carports
secure remote access gates
storage yard
workshop/garage
visitor restroom
Building Details
Year built
1904
Listing Agency:
RE/MAX TOP PRODUCERS · RE/MAX International
(909) 590-8853
Listed By:
Ann Casillas · License #01522109
(909) 268-2712
Added: Sep 5
Changed: Nov 2
Last Checked: Nov 3 at 9:06AM
MLS# CV26195653
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This duplex comprises two residences, each with approximately 1,800 square feet of living space, for a combined 3,600 square feet on a 29,185-square-foot lot. Both units have laminate flooring, crown molding, granite counters, and central air conditioning, with separate addresses, private yards, and carports. The property was built in 1904 and is zoned BMP for commercial use with incidental storage offices; residential occupancy is subject to a city zone clause.
A separately fenced area at the rear includes a large vehicle gate, a tall carport, and a workshop or garage with an automatic roll-up door and restroom. The property is next to railroad tracks, with access to the 60, 215, and 91 freeways. Available materials include condition documentation, conceptual architectural and structural plans submitted to the City of Riverside, and electrical, mechanical, and plumbing plans. A fire department water-flow test covers a potential additional 3,000-square-foot structure and parking design, subject to design review.
A separately fenced area at the rear includes a large vehicle gate, a tall carport, and a workshop or garage with an automatic roll-up door and restroom. The property is next to railroad tracks, with access to the 60, 215, and 91 freeways. Available materials include condition documentation, conceptual architectural and structural plans submitted to the City of Riverside, and electrical, mechanical, and plumbing plans. A fire department water-flow test covers a potential additional 3,000-square-foot structure and parking design, subject to design review.
Key Highlights
- Two residences, each approximately 1,800 square feet; 3,600 square feet combined
- 29,185‑square‑foot lot with separate addresses, private yards, and carports
- BMP zoning allows commercial use with incidental storage offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,867
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,340
$1.1M
Cap Rate 7%
$755,243
$755.2K
Cap Rate 9%
$587,411
$587.4K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$79.9K $22.20/SF
− Vacancy
−$4.4K −$1.22/SF
EGI
$75.5K $20.98/SF
− OpEx
−$22.7K −$6.29/SF
NOI
$52.9K $14.69/SF
Area
ZIP 92507
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,057,340
Cap Rate 7%
$755,243
Cap Rate 9%
$587,411
Alternative Uses
Best Use
Multifamily LT 5
$755.2K
$660.8K – $881.1K
NOI $52,867 @ 7.0% cap · market cap 3.58%
Second Best
Mixed Use
$739.3K
$646.9K – $862.5K
NOI $51,752 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,364 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 92507, CA
63,191
Population
19,739
Households
3.2
Avg Household Size
28
Median Age
32%
College-Educated
84%
High-School Grad
21.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$72,367
Median Household Income
$31,961
Median Earnings
$1,780
Median Rent
$503,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately addressed residences include private yards and carports, alongside a fenced storage area with workshop space.
Where is this duplex located?
The property is located at 3112 1st Riverside, CA.
What is the asking price?
The asking price for this property is $1,478,000.
What are key features of this property?
This property features: Two residences, each approximately 1,800 square feet; 3,600 square feet combined; 29,185‑square‑foot lot with separate addresses, private yards, and carports; BMP zoning allows commercial use with incidental storage offices
