$965,000

1195 W SPRING STREET, Riverside, CA 92507

  • 5 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 10 days ago

Property Description

Pleased to exclusively present the opportunity to acquire a five-unit multifamily property built in 1962 with 3,264 rentable square feet on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single-story construction. The property has an on-site laundry room, wall-mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking. Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California, Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long-term economic growth and rental demand. With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an attractive opportunity to acquire a stable, well-

Listing Status:
Active
Date Added:
January 26, 2026
Data Last Updated:
February 7, 2026 at 1:11PM
Listing Office:
MARCUS & MILLICHAP : 909-456-3400
Listing Agent:
Douglas McCauley : 626-695-6776
MLS ID:
CV26019641
  • Pool: N/K
  • Originating MLS: California Regional MLS
  • County: Riverside
  • Zoning: Public Rec247105005
  • Source: California Regional MLS

Presented by Veterans United Realty

This listing courtesy of Douglas McCauley , MARCUS & MILLICHAP

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Highgrove Elementary School

690 Center St, Riverside, CA, 92507

Grades KG-6

0.71 miles away

U

University Heights Middle School

1155 Massachusetts Ave, Riverside, CA, 92507

Grades 7-8

1.71 miles away

J

John W. North High School

1550 3rd St, Riverside, CA, 92507

Grades 9-12

2.15 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.