Downtown Riverside Multifamily
4412 Mission Inn Avenue Riverside, CA 92501
New
For Sale
$2,600,000
12-unit apartment property with two newly completed 2026 ADUs, featuring updated interiors and 12 single-car garages.
Property Size6,666 SF
Price / SF$390.04
Days on Market3
Property Features for 4412 Mission Inn Avenue
General Information
- Standard status
- Active
- Size
- 6,666 SF
- Property subtype
- Multifamily
Listing Agency:
CBRE - Ontario
(909) 418-2071
Listed By:
Eric Chen · License #01489184
(909) 418-2071
Source:
Cbre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 3:57AM
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
Mission Inn Avenue Apartments is a well-maintained 12-unit multifamily property that includes two newly constructed ADUs completed in 2026. The unit mix comprises two studios and ten 1-bedroom/1-bathroom units, with interiors featuring tile and laminate plank flooring, updated kitchen and bathroom cabinetry, and oven ranges with hoods. Each unit includes wall air conditioning and heating, clothing closets, cabinet storage, and individual hot water heaters. The property also provides 12 single-car garages, off-street parking, and an on-site laundry facility, along with mature landscaping throughout. Recent improvements include new roofs installed within the last five years and a recently completed termite clearance.
The property is located in Downtown Riverside and is within walking distance of local Downtown destinations, with the Downtown Riverside Metrolink Station less than one mile away. Access to the region is supported by nearby I-215 and the 60 and 91 freeways.
Ownership benefits from a current income stream supported by the area’s healthcare, higher education, and public sector employment base, including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside.
The property is located in Downtown Riverside and is within walking distance of local Downtown destinations, with the Downtown Riverside Metrolink Station less than one mile away. Access to the region is supported by nearby I-215 and the 60 and 91 freeways.
Ownership benefits from a current income stream supported by the area’s healthcare, higher education, and public sector employment base, including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside.
Key Highlights
- 12‑unit multifamily on Mission Inn Avenue in Downtown Riverside, including two newly constructed ADUs completed in 2026
- Current 5.83% cap rate with pro forma 6.78% and 13% rental upside remaining to be captured
- 111,761 SF lot with 6,666 SF total building area; unit mix of two studios and ten 1‑bed/1‑bath units averaging 556 SF
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $197.6k | $29.64 |
| − Vacancy | −$3.8k | −$0.56 |
| EGI | $193.8k | $29.08 |
| − OpEx | −$87.2k | −$13.08 |
| NOI | $106.6k | $15.99 |
6,666 SF · lease $29.64/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,604 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,086 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - 12-unit apartment property with two newly completed 2026 ADUs, featuring updated interiors and 12 single-car garages.
Where is this apartment building located?
The property is located at 4412 Mission Inn Avenue Riverside, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 12‑unit multifamily on Mission Inn Avenue in Downtown Riverside, including two newly constructed ADUs completed in 2026; Current 5.83% cap rate with pro forma 6.78% and 13% rental upside remaining to be captured; 111,761 SF lot with 6,666 SF total building area; unit mix of two studios and ten 1‑bed/1‑bath units averaging 556 SF
