Two Riverside 4-Plex Apartment
421 Devener St, Riverside, CA 92507
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Two 4-plex apartment buildings totaling eight units in Riverside.
Type:Multifamily
Property size:
5,712 SFLot size:
0.33 AcresPrice / SF:
$315/SF- Added:
- Jan 28, 2026
- Days on Market:
- 124
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 421 Devener St
General Information
- Standard status
- Active
- Size
- 5,712 SF
- Lot size
- 0.33 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1966
Listing agent David Covarrubias License #CA 01941403
Listing office Marcus & Millichap - Inland Empire (909) 456-3400
Listing date Jan 28, 2026
Source Crexi
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 - Inland Empire
HighLights
- Value‑add opportunity with potential for rent growth and enhanced cash flow.
- Excellent regional connectivity with convenient access to I‑10, I‑215, SR‑60, and SR‑91 freeways.
- Potential availability of 30‑year fixed‑rate financing.
- Individually metered units for gas and electricity, plus individual hot water heaters.
- Recent updates include a new septic tank (installed in 2025) and updated electrical panels.
- Located in Riverside, a strong and affordable investment market with steady job growth and a diversified employment base.
Overview
Two side-by-side 4-plex apartment buildings, constructed in 1966, are available for purchase. The buildings offer 5,712 rentable square feet on a 0.33-acre lot within the City of Riverside. The property consists of eight units featuring a mix of one and two-bedroom floor plans. The location provides convenient access to the I-10, I-215, SR-60, and SR-91 freeways, offering residents connectivity throughout the Inland Empire. On-site amenities include two laundry facilities, and each unit has wall-mounted air conditioner and heater units. Each unit is individually metered for gas and electricity and has individual hot water heaters. There are 11 open parking spaces. The property uses a septic system, with a new tank installed in 2025. The electrical panels have been recently updated. The property presents an opportunity to enhance cash flow through rent growth. Riverside benefits from steady job growth and a diversified employment base. The city is home to the University of California, Riverside, and has a large public-sector presence tied to Riverside County, healthcare, education, and logistics. The city's demographic and economic fundamentals support long-term multifamily ownership.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.3417543
- Latitude
- 34.0139874
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two 4-plex apartment buildings totaling eight units in Riverside.
Where is this apartment building located?
The property is located at 421 Devener St Riverside, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Value‑add opportunity with potential for rent growth and enhanced cash flow.; Excellent regional connectivity with convenient access to I‑10, I‑215, SR‑60, and SR‑91 freeways.; Potential availability of 30‑year fixed‑rate financing.
