Duplex with Private-Entry
New
For Sale
$949,000
6763 Ridgeside Dr, Riverside, CA 92506
Two separate living areas include a full kitchen in each residence and distinct exterior entrances.
Property Size2,700 SF
Days on Market5
Property Features for 6763 Ridgeside Dr
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
3
Property subtype
Investment
Site & Location
Neighborhood
Mission Grove
Highway Access
Yes
Units
Unit Mix
1 x 4BR/3BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
pool
spa
basketball court
Tesla charging station
Building Details
Building Size
2,700 SF
Year Built
1989
Stories
2
Units
2
Listed By:
Erin Quast
(909) 351-0088
Source:
Elliman
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 3 at 6:33AM
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 Erin Quast
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Investment Insights
Based on property information with market context.
This Riverside duplex pairs a 2,015-square-foot main residence with an estimated 685-square-foot ADU. The primary home has four bedrooms and three bathrooms; the ADU has one bedroom and one bathroom, along with a living room, full kitchen, and indoor laundry. Each residence has its own exterior entrance, with no interior connecting door. The main home’s kitchen features quartz countertops, stainless steel appliances, soft-close cabinetry, and a center island. The property was built in 1989.
Outdoor features include a pool, spa, patio, basketball court, and removable pool fence. A three-car garage and exterior Tesla home charging station are also included, along with a side area described as having space for a small RV, boat, or recreational vehicle. The property is near shopping, restaurants, and entertainment at Mission Grove and Canyon Crest Towne Centre, as well as UC Riverside and nearby parks.
Outdoor features include a pool, spa, patio, basketball court, and removable pool fence. A three-car garage and exterior Tesla home charging station are also included, along with a side area described as having space for a small RV, boat, or recreational vehicle. The property is near shopping, restaurants, and entertainment at Mission Grove and Canyon Crest Towne Centre, as well as UC Riverside and nearby parks.
Key Highlights
- Main residence: 4 bedrooms, 3 bathrooms, and 2,015 sq. ft. (estimated)
- ADU: 1 bedroom, 1 bathroom, and 685 sq. ft. (estimated)
- Separate exterior entrances; no interior connection between the residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,771
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,420
$935.4K
Cap Rate 7%
$668,157
$668.2K
Cap Rate 9%
$519,678
$519.7K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$68.0K $25.20/SF
− Vacancy
−$1.2K −$0.45/SF
EGI
$66.8K $24.75/SF
− OpEx
−$20.0K −$7.42/SF
NOI
$46.8K $17.32/SF
Area
ZIP 92506
Vacancy
1.80%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$935,420
Cap Rate 7%
$668,157
Cap Rate 9%
$519,678
Alternative Uses
Best Use
Multifamily LT 5
$668.2K
$584.6K – $779.5K
NOI $46,771 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$599.4K
$524.4K – $699.3K
NOI $41,955 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$926.3K
$810.5K – $1.08M
NOI $64,841 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 92506, CA
45,185
Population
15,407
Households
2.9
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
16.2 sq mi
ZIP Area
2,789
Density / Sq Mi
$120,877
Median Household Income
$51,224
Median Earnings
$1,814
Median Rent
$634,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas include a full kitchen in each residence and distinct exterior entrances.
Where is this duplex located?
The property is located at 6763 Ridgeside Dr Riverside, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Main residence: 4 bedrooms, 3 bathrooms, and 2,015 sq. ft. (estimated); ADU: 1 bedroom, 1 bathroom, and 685 sq. ft. (estimated); Separate exterior entrances; no interior connection between the residences
