1195 W Spring St , Riverside, CA 92507
$885,000
Est. Payment: $4,453.18/mo
7 Bed
5 Bath
3264 Sqft
Status: active with contingency | Days on site: 153
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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-located multifamily asset positioned for durable income and long-term appreciation.

Highlights

Listed by Douglas McCauley , 909-456-3493 and David Covarrubias , 626-319-2479 MARCUS & MILLICHAP , 909-456-3400. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

1962

County

Riverside

Area

252 - Riverside

Listing ID

CV26019641

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:5
  • Full Bathrooms:
Other:Public

Exterior Features

Lot:Street Level,No Land Lease
Garage Capacity:9
Others:2+ Total Units
Sewer:Septic Type Unknown
Parking Features:Carport,On Site
Principal Interest
$4,453
Taxes
$564

Home Price

$885,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$177,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,453.18

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,453.18 $564.19 $0.00 $5,017.37
Yearly $53,438.16 $6,770.25 $0.00 $60,208.41
Total $1,603,144.83 $203,107.50 $0.00 $1,806,252.33

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Market insight data is pulled from the same city as the listing being viewed (Riverside, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T08:36:43.000Z

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