3080 Elgin Dr , Riverside, CA 92507
$1,030,000
Est. Payment: $5,455.56/mo
2 Bed
2 Bath
4200 Sqft
Status: Active | Days on site: 3
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51131 - CV38612
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House Description

We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside's University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,600 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a growing student population and convenient regional connectivity via I-215, SR-60 and SR-91, supporting rental demand from students, families and working professionals alike.

Highlights

Listed by Sean Hwangbo , 6266797947 TNG REAL ESTATE CONSULTANTS , 714-203-8555. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.15

HOA Fee

700 Monthly

Year Built

1964

County

Riverside

Area

252 - Riverside

Listing ID

CV26204711

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:2
  • Bathrooms:2
  • Full Bathrooms:
Air Cond:Wall/Window Unit(s)
Fireplaces:Living Room
Water:Public

Exterior Features

Lot:21-25 Units/Acre,No Land Lease
Garage Capacity:8
Zoning:R3
Others:
  • Additional:2+ Total Units
Sewer:Public Sewer
Principal Interest
$5,456
Taxes
$657
HOA
$700

Home Price

$1,030,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$206,000
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:
$5,455.56

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $5,455.56 $656.63 $700.00 $6,812.18
Yearly $65,466.66 $7,879.50 $8,400.00 $81,746.16
Total $1,963,999.92 $236,385.00 $252,000.00 $2,452,384.92

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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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: 2026-09-23T09:06:11.000Z

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