Riverside, CA 92507,421 Devener
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Riverside, CA 92507,421 Devener
Riverside, CA 92507,421 Devener
Riverside, CA 92507,421 Devener
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Liz Garcia

Liz Garcia

+1(619) 549-1389
$ 1,800,000
Est. payment /mo
Save
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421 Devener Riverside, CA 92507

4 Beds

4 Baths

0.33 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26019708

Bedrooms 4

Lot Size 0.330 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

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. The city is home to University of California, Riverside and benefits from a large public-sector presence tied to Riverside County, healthcare, education, and logistics. Compared to coastal Southern California markets, Riverside remains relatively affordable, supporting continued in-migration and sustaine

Location

State CA

County Riverside

Zoning Public Rec

Direction 421 & 427 Devener Street, Two side-by-side 4-plex apartment buildings

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 247081007

Acceptable Financing Cash

Listing Terms Cash

MLS Router / San Diego MLS
Listed by Douglas McCauley MARCUS & MILLICHAP

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 18
  • 7

    Riverside Virtual

    Public | KG - 12

  • 6

    Grand Terrace Elementary School

    Public | KG - 6

  • 6

    Terrace View Elementary School

    Public | KG - 6

  • 5

    Bryant Elementary School

    Public | KG - 6

  • 5

    Patricia Beatty Elementary School

    Public | KG - 6

  • 5

    Fremont Elementary School

    Public | KG - 6

  • 5

    Longfellow Elementary School

    Public | KG - 6

  • 4

    Highgrove Elementary School

    Public | KG - 6

  • 3

    Central Middle School

    Public | 5 - 8

  • 3

    Woodrow Wilson Elementary School

    Public | KG - 6

  • 1

    Riverside County Special Education

    Public | KG - 12

  • 1

    Highland Elementary School

    Public | KG - 6

  • 0

    All Saints Carden Academy

    Private | KG - 7

  • 0

    Starting Gate Educational Services

    Private | 1 - 12

  • 0

    Riverside County Opportunity

    Public | KG - 12

  • 0

    St Francis de Sales School

    Private | PK - 8

  • 0

    Islamic Academy of Riverside

    Private | PK - 8

  • 0

    Christian Center Academy

    Private | KG - 12

Middle Schools 3
  • 4

    University Heights Middle School

    Public | 7 - 8

  • 4

    Terrace Hills Middle School

    Public | 7 - 8

  • 0

    Riverside County Community

    Public | 7 - 12

High Schools 7
  • 5

    Grand Terrace High School at The Ray Abril Jr. Educational Complex

    Public | 9 - 12

  • 4

    John W. North High School

    Public | 9 - 12

  • 1

    Gateway College and Career Academy

    Public | 10 - 12

  • 1

    Come Back Kids

    Public | 9 - 12

  • 0

    Gateway to College Early College High School

    Public | 9 - 12

  • 0

    Riverside County Regional Occupational Program

    Public | 9 - 12

  • 0

    Abraham Lincoln Continuation

    Public | 9 - 12

School and business data provided by Attom Data.
Liz Garcia

Liz Garcia

Agent | License ID: 01737986

+1(619) 549-1389

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421 Devener