Now available, a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and trash.
The property features updated electrical systems and tenant-friendly amenities including garage parking and an onsite laundry facility, enhancing tenant convenience and retention. With a current **11.8 GRM** and **6.3% CAP rate**, this asset offers immediate cash flow and long-term upside for investors. The owner is in the process of updating the roof on the front structure. This property can be purchased together with the adjoining 4-unit property at **4250 10th Street**, offering a rare chance to acquire 8 total units side by side. This is an excellent opportunity for investors looking to expand their portfolio with a desirable asset in a strong rental market.
Sold for $960,000 on 07/29/25
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with: Pacific Avenue Realty
$960,000
4228 10th St, Riverside, CA 92501
6beds
4baths
2,600sqft
Multi Family
Built in 1936
-- sqft lot
$948,500 Zestimate®
$369/sqft
$2,043 Estimated rent
Home value
$948,500
$863,000 - $1.04M
$2,043/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 29, 2025 at 05:33pm
Listing Provided by:
Kristopher German DRE #01800021 909-645-0443,
RE/MAX 2000 REALTY
Bought with:
Prashant Sampat, DRE #01916221
Pacific Avenue Realty
Source: CRMLS,MLS#: CV25104984
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- None
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,600
- Total interior livable area: 2,600 sqft
Property
Parking
- Total spaces: 2
- Parking features: Assigned, Garage
- Garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Chain Link
- Has view: Yes
- View description: None
Lot
- Size: 7,840 sqft
- Features: 0-1 Unit/Acre
Details
- Parcel number: 215071005
- Zoning: R1065
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Roof: Shingle
Condition
- New construction: No
- Year built: 1936
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Community & neighborhood
Community
- Community features: Hiking, Street Lights, Sidewalks
Location
- Region: Riverside
HOA & financial
Other financial information
- Total actual rent: 6992
Other
Other facts
- Listing terms: Cash to New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2025 | Sold | $960,000-3.5%$369/sqft |
Source:  CRMLS #CV25104984 | ||
| 6/26/2025 | Pending sale | $995,000$383/sqft |
Source: CRMLS #CV25104984 | ||
| 5/12/2025 | Listed for sale | $995,000-9.5%$383/sqft |
Source: CRMLS #CV25104984 | ||
| 5/26/2022 | Contingent | $1,100,000$423/sqft |
Source: CRMLS #OC22000638 | ||
| 5/22/2022 | Price change | $1,100,000-4.3%$423/sqft |
Source: CRMLS #OC22000638 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,938 +3.4% | $971,004 +2% |
| 2024 | $10,581 +0.4% | $951,966 +2% |
| 2023 | $10,535 +48.1% | $933,300 +49.3% |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 7/10Bryant Elementary SchoolGrades: K-6Distance: 0.5 mi
- 5/10Central Middle SchoolGrades: 7-8Distance: 0.8 mi
- 7/10Polytechnic High SchoolGrades: 9-12Distance: 2.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$948,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$948,500