Four-Unit Residential Income
For Sale
$1,399,000
Pending
3879 Dykes, Riverside, CA 92503
Four separate homes on one lot, including private yards, separate utility meters, and dedicated laundry areas.
Property Size4,300 SF
Days on Market131
Property Features for 3879 Dykes
General Information
Standard status
Pending
Size
4,300 SF
Property subtype
Investment
Site & Location
Neighborhood
Arlington
Building Details
Building Size
4,300 SF
Year Built
1952
Stories
1
Units
4
Listing Agency:
LIGHTHOUSE REAL ESTATE
Listed By:
Michael Durkin · License #00911921
(909) 599-6600
Source:
Elliman
Added: Jun 17
Changed: Oct 15
Last Checked: Oct 24 at 4:29PM
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 LIGHTHOUSE REAL ESTATE
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Investment Insights
Based on property information with market context.
This residential income property consists of four separate homes on a single lot, positioned on a cul-de-sac. Each home has its own private yard, separate utility meters, and a dedicated laundry area, providing independent living arrangements within one ownership structure.
Three of the four units are being delivered vacant. Unit 3889 is a 2-bedroom, 1-bath home, Unit 3879 is a 3-bedroom, 1-bath home, and Unit 3857 is a 2-bedroom, 1-bath home. Unit 3867 is occupied and is also a 2-bedroom, 1-bath residence.
With four separate floorplans under one roof, the property offers flexibility for an owner-occupant or an investor seeking independent units managed under a single acquisition.
Three of the four units are being delivered vacant. Unit 3889 is a 2-bedroom, 1-bath home, Unit 3879 is a 3-bedroom, 1-bath home, and Unit 3857 is a 2-bedroom, 1-bath home. Unit 3867 is occupied and is also a 2-bedroom, 1-bath residence.
With four separate floorplans under one roof, the property offers flexibility for an owner-occupant or an investor seeking independent units managed under a single acquisition.
Key Highlights
- Four separate homes on one lot on a cul‑de‑sac, each with its own private yard
- Each home has separate utility meters and a dedicated laundry area
- Unit 3889: 2 bed / 1 bath, delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,439
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,780
$1.4M
Cap Rate 7%
$1,034,843
$1.0M
Cap Rate 9%
$804,878
$804.9K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$108.4K $25.20/SF
− Vacancy
−$4.9K −$1.13/SF
EGI
$103.5K $24.07/SF
− OpEx
−$31.0K −$7.22/SF
NOI
$72.4K $16.85/SF
Area
ZIP 92503
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,448,780
Cap Rate 7%
$1,034,843
Cap Rate 9%
$804,878
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$905.5K – $1.21M
NOI $72,439 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$951.6K
$832.6K – $1.11M
NOI $66,611 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,157 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,505
Businesses Nearby
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Business Placement
Demographics for 92503, CA
90,011
Population
25,802
Households
3.5
Avg Household Size
35
Median Age
21%
College-Educated
81%
High-School Grad
34.3 sq mi
ZIP Area
2,624
Density / Sq Mi
$91,523
Median Household Income
$42,150
Median Earnings
$1,801
Median Rent
$556,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate homes on one lot, including private yards, separate utility meters, and dedicated laundry areas.
Where is this quadplex located?
The property is located at 3879 Dykes Riverside, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Four separate homes on one lot on a cul‑de‑sac, each with its own private yard; Each home has separate utility meters and a dedicated laundry area; Unit 3889: 2 bed / 1 bath, delivered vacant
