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9039 Colony Place Riverside, CA $ 1,300,000
9039 Colony Place
$ 1,300,000
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9039 Colony Place

Riverside, CA, 92503
$ 1,300,000
Baths2.0 Sq 4,080

Monthly Estimate*

$ 8,110

Listed by COMPASS
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Studio

Multi-Family Home for sale in Riverside, CA

for $1,300,000 with 2 full baths. This 4,080 square foot home was built in 1978 on a lot size of 0.2.

Dreamed of owning income property, with $20,000 of upgrades, just completed? This 4-unit townhouse style property comprises 9 bedroom/6 baths and will EXCEED ALL your EXPECTATIONS! Each townhome has two floors with 1,000 square feet of living space, and each with its own private patio area. Unit A has 3 bedrooms/2 baths with its ensuite! UNIT B - D has 2 bedrooms/1 baths each, all with central air/heat in each unit. The four units share a community laundry room that is coin-operated and serviced by a 3rd party. For added convenience, there are 8-9 assigned parking spaces at the front of the units. The property is at the end of the cul-de-sac located behind the renovated Stater Brothers shopping center with a Canes nearby.There have been yearly rental increases, and after all expenses, there is a PROFIT! Why wait?

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Multi-Family Contingent

Price

$ 1,300,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.2

Year Built

1978

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

P123546

Days on Market

148

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Possession Close Of Escrow
Appliances Gas Oven Gas Range Gas Water Heater Refrigerator
HOA Fee 0
Garage Spaces 0
Patio/Porch Features Balcony
Architectural Style Contemporary
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Exclusions Tenant appliances-Unit C - refrigerator-Unit D - refrigerator
Year Built 1978
Tenant Pays Cable TV Electricity Gas
View None
Stories Count 2
Levels Two
Property Subtype Quadruplex
Gross Income 84900
Community Features Curbs Street Lights Sidewalks
County Riverside
Net Operating Income 3937.8
Operating Expense 14856
Insurance Expense 4513.3
Property Type Residential Income
Subdivision Name Not Applicable
Garage Y/N 0
Special Listing Conditions Standard
Status Active Under Contract
Directions From the CA-60 East toward Riverside take exit 42 onto Van Buren Blvd toward Etiwanda Ave - Turn right onto Van Buren Blvd left onto Jackson St and left onto Colony Place
City Riverside
Senior Community Y/N 0
Number Of Units Total 4
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 8712
Number of Units Leased 4
Listing Terms Cash Conventional 1031 Exchange Submit
Spa Features None
Property Attached Y/N 1
Land Lease Y/N 0
Trash Expense 2409.12
Water Sewer Expense 2400
Additional Parcels Y/N 0
Rent Control Y/N 1
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 6
Total Actual Rent 7075
Property Sub Type Additional Quadruplex
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Interior
Interior Amenities All Bedrooms Up
Flooring Carpet Laminate Tile
Fireplace Features None
Total Stories 2
Common Walls 1 Common Wall No One Above No One Below
Air Conditioning Y/N 1
Heating Y/N 1
Fireplace Y/N 0
Laundry Features Common Area Laundry Room
Total Baths 0
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Exterior
Exterior Amenities Balcony
Fencing Wood
Parking Features Assigned
Lot Features Front Yard
Water Source Public
Total Parking 8
Inclusions Landlord appliancesUnit A - Stove - NEWUnit B - appliancesUnit C - appliances
Lot Size Area 8712
Foundation Details Slab
Number of Buildings 4
Spa 0
Building Area Total 4080
Lot Size Acres 0.2
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 4
Number of Separate Gas Meters 4
Number of Separate Electric Meters 4
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* Excluded Features
List By
Compass

Broker

nancymcsween@aol.com

Email

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$8,110
Per Month
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Monthly Principal & Interest
$8,110
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,300,000 Listed Price

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9039 Colony Place, Riverside, CA, 92503 is a Multi-Family Home for sale at $1,300,000 with 4,080 sqft and a lot size of 0.2. 9039 Colony Place is a studio with 2.0 baths and was built in 1978. The property's zip code is 92503 which is in Riverside, CA