Five-Building 14-Unit
4545 Main St Riverside, CA 92501
4545 Main St, Riverside, CA, 92501
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For Sale
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Fourteen units across five buildings offer single-story living, on-site laundry, and 25 parking spaces.
Property Size9,200 SF
Lot Size0.79 Acres
Price / SF$390.76
Days on Market92
Property Features for 4545 Main St
General Information
- Standard status
- Active
- Size
- 9,200 SF
- Lot size
- 0.79 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing agency
Marcus & Millichap - Inland Empire
Listed by
Sebastian Diaz · License #02109872
Source
Crexi
Added: Apr 22 Updated: Jul 22 at 11:19AM Checked: Jul 22 at 11:19AM
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
Investment Insights
Based on property information with market context.
4545–4581 Main Street is a 14-unit multifamily property configured as five separate buildings across three contiguous parcels. The asset is predominantly single-story and includes an on-site laundry facility and interior mini-split air conditioning systems. On-site parking totals 25 spaces, and the property also features stand-alone garages that may provide additional storage income for verification purposes. Two separate owner’s rooms may be convertible into additional garages or ADU units, subject to buyer verification. Recent capital improvements include newer roofs and maintained exterior areas.
The property is located near Downtown Riverside, positioned just off Magnolia Avenue and 14th Street. It is within walking distance of Riverside City College and under ten minutes from UC Riverside, with access to major transportation corridors. Regional connectivity is supported by proximity to the 91 and 215 Freeways.
The unit mix includes one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio. The current operating metrics are reported at a 6.12 percent cap rate and 11.11 GIM, with continued income support from the existing tenant base and in-place amenities.
The property is located near Downtown Riverside, positioned just off Magnolia Avenue and 14th Street. It is within walking distance of Riverside City College and under ten minutes from UC Riverside, with access to major transportation corridors. Regional connectivity is supported by proximity to the 91 and 215 Freeways.
The unit mix includes one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio. The current operating metrics are reported at a 6.12 percent cap rate and 11.11 GIM, with continued income support from the existing tenant base and in-place amenities.
Key Highlights
- 14‑unit multifamily property built in 1950 across five separate buildings on three contiguous parcels totaling approx. 34,412 SF.
- Unit mix includes 1 three‑bedroom/2‑bath home, 6 two‑bedroom units, 6 one‑bedroom units, and 1 studio for a broad tenant base.
- Single‑story, predominantly residential‑style layout with enhanced privacy and open space versus traditional apartment complexes.
Local 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 | $272.7k | $29.64 |
| − Vacancy | −$5.2k | −$0.56 |
| EGI | $267.5k | $29.08 |
| − OpEx | −$120.4k | −$13.08 |
| NOI | $147.1k | $15.99 |
9,200 SF · lease $29.64/SF/yr · vacancy 1.90% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.10M
$1.84M – $2.45M
NOI $147,129 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,941 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fourteen units across five buildings offer single-story living, on-site laundry, and 25 parking spaces.
Where is this apartment building located?
The property is located at 4545 Main St Riverside, CA.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: 14‑unit multifamily property built in 1950 across five separate buildings on three contiguous parcels totaling approx. 34,412 SF.; Unit mix includes 1 three‑bedroom/2‑bath home, 6 two‑bedroom units, 6 one‑bedroom units, and 1 studio for a broad tenant base.; Single‑story, predominantly residential‑style layout with enhanced privacy and open space versus traditional apartment complexes.
