Four-Unit Corner-Lot
For Sale
$1,475,000
4204 12th St, Riverside, CA 92501
Two buildings provide flexible residential layouts, shared laundry, gated outdoor areas, and multiple parking possibilities.
Property Size3,553 SF
Days on Market51
Property Features for 4204 12th St
General Information
Standard status
Active
Size
3,553 SF
Property subtype
Investment
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units
4
Amenities
shared laundry facility
gated outdoor areas
Building Details
Building Size
3,553 SF
Year Built
1975
Buildings
2
Stories
2
Units
4
Construction
Craftsman
Listing Agency:
ELEVATE REAL ESTATE AGENCY
Listed By:
RYAN MCKEE
(951) 394-3554
Source:
Elliman
Added: Sep 5
Changed: Oct 22
Last Checked: Oct 24 at 7:39PM
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 ELEVATE REAL ESTATE AGENCY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This quadplex comprises two separate buildings on a corner lot, with four residences arranged as two three-bedroom, two-bathroom units and two one-bedroom, one-bathroom units. A basement, separate entrances, shared laundry, gated outdoor areas, paved spaces, and multiple parking possibilities add practical functionality. The property includes a Craftsman-style building with a covered front porch and mature shade trees, along with a two-story building offering access from surrounding streets and the alley. Interior features include natural light, spacious living rooms, kitchens, walk-in closets in several bedrooms, ceiling fans, and wall-mounted climate-control units. Select updates include white cabinetry, granite countertops, refreshed flooring, and updated bathroom finishes, while some areas retain original character. Built in 1975, the property is near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation, and major freeway access. WalkScore is 72, TransitScore is 46, and BikeScore is 34.
Key Highlights
- Four‑unit configuration with two 3‑bedroom, 2‑bathroom residences and two 1‑bedroom, 1‑bathroom residences
- Two separate buildings positioned on a prominent corner lot
- Craftsman‑style building with covered front porch and mature shade trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,133
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,660
$1.2M
Cap Rate 7%
$887,614
$887.6K
Cap Rate 9%
$690,367
$690.4K
Market Conditions
NOI Build-Up for 3,553 SF
Gross rent
$90.4K $25.44/SF
− Vacancy
−$1.6K −$0.46/SF
EGI
$88.8K $24.98/SF
− OpEx
−$26.6K −$7.49/SF
NOI
$62.1K $17.49/SF
Area
Riverside, CA
Vacancy
1.80%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,242,660
Cap Rate 7%
$887,614
Cap Rate 9%
$690,367
Alternative Uses
Best Use
Multifamily LT 5
$887.6K
$776.7K – $1.04M
NOI $62,133 @ 7.0% cap · market cap 4.21%
Second Best
Apartment 5plus
$811.7K
$710.3K – $947.0K
NOI $56,821 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,327 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,720
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Two buildings provide flexible residential layouts, shared laundry, gated outdoor areas, and multiple parking possibilities.
Where is this quadplex located?
The property is located at 4204 12th St Riverside, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Four‑unit configuration with two 3‑bedroom, 2‑bathroom residences and two 1‑bedroom, 1‑bathroom residences; Two separate buildings positioned on a prominent corner lot; Craftsman‑style building with covered front porch and mature shade trees
