Home | Riverside County | Riverside | 92507 | 421 Devener
MLS: CRCV26019708 | Status: | Price: $1,575,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 0 | 1966 |
Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings built in 1966 with 5,712 rentable square feet on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated. The asset presents a value-add opportunity, with the ability to enhance cash flow through rent growth. Additionally, qualified buyers may benefit from the potential availability of 30-year fixed-rate financing, a significant advantage for investors seeking stable, long-term returns on small-balance multifamily assets. Riverside offers a strong and affordable investment backdrop anchored by steady job growth and a diversified employment base
| Field | Value |
|---|---|
| MLS # | CRCV26019708 |
| MLS Source | California Regional MLS |
| Days on Site | 221 |
| Feature | Details |
|---|---|
| Laundry | Community Facility |
| Heating | No Heating |
| Feature | Details |
|---|---|
| Garage/Parking | Common Parking Area, Garage: 0 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Douglas McCauley | David Covarrubias |
| MARCUS & MILLICHAP | |
| License #: – | License #: 01941403 |
| Phone: (909) 456-3493 | Phone: – |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 8 |
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This listing information is up-to-date as of August 04, 2026. For the most current information, please contact Douglas McCauley, (909) 456-3493.