Downtown Riverside 6-Unit Multifamily
For Sale
$990,000
Pending
3848 LOCUST, Riverside, CA 92501
Charming 6-unit property near Mission Inn Hotel & Spa.
Property SizeContact for details
Days on Market105
Property Features for 3848 LOCUST
General Information
Standard status
Pending
Property subtype
Commercial
Listing Agency:
(949) 385-8900
Listed By:
Ardavan Mofid
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 5 at 7:40AM
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 Ardavan Mofid
Investment Insights
Based on property information with market context.
This 6-unit multifamily property is located in downtown Riverside's historical district, near the Mission Inn Hotel & Spa. The unit mix includes two 2-bedroom/1-bath units and four studio units. Tenants benefit from proximity to shopping, dining, and entertainment, with convenient access to the 91, 60, and 15 Freeways. The property has a bike score of 56, indicating it is bikeable, a walk score of 32, indicating car-dependency, and a transit score of 35, indicating some transit options are available. This property presents an opportunity to secure a multi-unit property in a historic and high-demand location.
Key Highlights
- Prime location in Downtown Riverside's Historical District, near the Mission Inn Hotel & Spa.
- Strong rental appeal in a high‑demand area.
- Six‑unit property offering an exceptional investment opportunity.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
327
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Charming 6-unit property near Mission Inn Hotel & Spa.
Where is this apartment building located?
The property is located at 3848 LOCUST Riverside, CA.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Prime location in Downtown Riverside's Historical District, near the Mission Inn Hotel & Spa.; Strong rental appeal in a high‑demand area.; Six‑unit property offering an exceptional investment opportunity.
