Multifamily in Riverside, CA — Sale in Riverside, CA
- Price: $2.6M
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Riverside, CA 92501
Photos
Description
12 Units in Riverside | 5.83% Cap Rate | Steps to the Iconic Mission Inn Hotel & Spa CBRE is pleased to exclusively present a distinguished multifamily investment opportunity at 4412–4430 Mission Inn Avenue in Downtown Riverside — a 12-unit property including two newly constructed ADUs completed in 2026, offering a well-positioned income stream in the heart of the Inland Empire. This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The property is currently generating a 5.83% cap rate, with a pro forma cap rate of 6.78% and 13% rental upside remaining to be captured. Property Highlights The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset. Thriving Economy & Top Employers The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity
Market Context
This multifamily in Riverside, CA is listed for sale at $2,600,000. Compare it against other multifamily listings for sale in Riverside, CA — view the full market.
As of Q1 2026, the Inland Empire multifamily market showed a 4.9% vacancy rate. Source: multiple brokerage reports, Q1 2026.
Tight vacancy keeps competition for quality space elevated.
Multifamily market FAQ
- Is the Inland Empire multifamily market tightening or softening?
- Vacancy is around 4.9% (Q1 2026).
Contact
- Eric Chen · 909 418 2071 · eric.chen@cbre.com
- Blake Torgerson · 909 418 2074 · blake.torgerson@cbre.com
- Mikel Dominguez · 909 418 2148 · mikel.dominguez@cbre.com
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