3159 1st Riverside, CA ^$ 1,495,000

3159 1st

^$ 1,495,000

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3159 1st

Riverside, CA, 92507

^$ 1,495,000

Studio Baths1.0 Sq 4,800

Monthly Estimate*

^$ 9,327

Listed by RE/MAX CHAMPIONS

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Studio

Multi-Family Home for sale in Riverside, CA

for $1,495,000 with 1 full bath. This 4,800 square foot home was built in 1937 on a lot size of 0.19.

Prime 6-Unit Apartment Complex Near Downtown Riverside Don’t miss this excellent investment opportunity! This well-maintained 6-unit apartment complex is ideally located just minutes from the heart of Downtown Riverside, offering a strong and stable rental income month after month. The property features a diverse mix of unit types to attract a wide range of tenants: 1 Studio 1 One-Bedroom Unit 2 Two-Bedroom Units 2 Three-Bedroom Units Some units are equipped with washer and dryer hookups, adding convenience and value for tenants. The property offers a combination of onsite parking and ample street parking, making it easily accessible for all residents. The roof is in solid condition, and the building has been consistently producing reliable rental income with minimal vacancies. Located near shops, restaurants, and public transportation, this property is a great opportunity for investors looking to own in a high-demand rental market.

Multi-Family Active

Price

^$ 1,495,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.19

Year Built

1937

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

CV25228664

Days on Market

Features

General

Sewer Public Sewer

Heating None

Cooling Wall/Window Unit(s)

HOA Fee 0

Garage Spaces 3

Pool Features None

Year Built 1937

Stories Count 1

Levels One

Property Subtype Apartment

Gross Income 114720

Community Features Sidewalks

County Riverside

Net Operating Income 101520

Operating Expense 13200

Insurance Expense 3600

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 1

Special Listing Conditions Standard

Status Active

Directions 1st and Vine

City Riverside

Entry Location 1

Senior Community Y/N 0

Number Of Units Total 6

MLS Area 252 - Riverside

Lot Size Units Square Feet

Lot Size Square Feet 8276

Listing Terms Cash Conventional

Property Attached Y/N 0

Land Lease Y/N 0

Electric Expense 2400

Fuel Expense 0

Trash Expense 3600

Water Sewer Expense 3600

Additional Parcels Y/N 0

Rent Control Y/N 0

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 26

Property Sub Type Additional Apartment

Interior

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N 1

Heating Y/N 0

Laundry Features Electric Dryer Hookup Gas Dryer Hookup

Entry Level 1

Exterior

Lot Features Corner Lot

Water Source Public

Total Parking 3

Lot Size Area 8276

Number of Buildings 6

Building Area Total 4800

Lot Size Acres 0.19

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

* Excluded Features

List By

Re/Max Champions

Broker

seanbrunsk@aol.com

Affordability Calculator

$9,327

Per Month

Monthly Principal & Interest: $9,327
Monthly Property Taxes: --
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Riverside, CA

Average List Price ^$1,241,729

Percent of Sale Price 17%

About Riverside, CA

322,488 Population

25% Since 2002

^$60,101 Median Income

32.82 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$1,495,000		Listed Price

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3159 1st, Riverside, CA, 92507 is a Multi-Family Home for sale at $1,495,000 with 4,800 sqft and a lot size of 0.19. 3159 1st is a studio with 1.0 baths and was built in 1937. The property's zip code is 92507 which is in Riverside, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/14/2025. 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.

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3159 1st

Multi-Family Home for sale in Riverside, CA

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