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For sale
  • Listing Provided by: 

    Douglas Lee DRE #01463907 650-279-1212,

    COMPASS

    Price increase: $350.1K (4/8)
    $1,350,000

    9059 Colony Pl, Riverside, CA 92503

    --beds
    --baths
    3,784sqft
    : 
    Quadruplex
    Built in 1978
    -- sqft lot
    $1,328,700 Zestimate®
    $357/sqft
    $-- HOA

    What's special

    Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.
    58 days
    on Zillow
    |
    398
    |
    21
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    Zillow last checked: 7 hours ago

    Listing updated: May 01, 2025 at 12:23pm

    Listing Provided by:

    Douglas Lee DRE #01463907 650-279-1212,

    COMPASS

    Source: CRMLS,MLS#: AR25048685MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 9059 Colony Pl.

    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Rooms
    • Room types: Bedroom
    Heating
    • None
    Cooling
    • Central Air
    Appliances
    • Included: Gas Oven, Refrigerator
    • Laundry: Common Area, See Remarks
    Features
    • Unfurnished, All Bedrooms Down
    • Flooring: See Remarks
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,784
    • Total interior livable area: 3,784 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: On Site, Paved, Private, One Space, Uncovered
    • Uncovered spaces: 8
    Accessibility
    • Accessibility features: See Remarks
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Wood
    • Has view: Yes
    • View description: None
    Lot
    • Size: 9,583 Square Feet
    • Features: Back Yard, Cul-De-Sac, Rectangular Lot
    Details
    • Parcel number: 191071007
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: See Remarks
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Materials
    • Stucco
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

    Community & HOA

    Community
    • Features: Suburban, Sidewalks
    Location
    • Region: Riverside

    Financial & listing details

    • Price per square foot: $357/sqft
    • Tax assessed value: $602,573
    • Annual tax amount: $6,762
    • Date on market: 3/25/2025
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,Cal Vet Loan,1031 Exchange
    • Tenant pays: Electricity, Gas, Telephone
    • Road surface type: Paved
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