4412 Mission Inn Avenue
Riverside, CA, 92501 $ 2,600,000
Baths1.0 Sq 6,666 Monthly Estimate*
$ 16,417
Listed by CB RICHARD ELLIS
Studio for $2,600,000 with 1 full bath. This 6,666 square foot home was built in 1949 on a lot size of 0.27.
This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset. The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity to Los Angeles Union Station. Regional access is further supported by the 60, 91, and I-215 Freeways, making the property an ideal choice for commuters across the greater Inland Empire. Riverside's economy is anchored by healthcare, higher education, and public sector employment, with major employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside — sustaining consistent housing demand and a stable, creditworthy tenant pool. 4412–4430 Mission Inn Avenue is a stable, income-producing asset in one of Downtown Riverside's most sought-after residential corridors, offering investors exceptional stability and long-term value in a thriving urban market.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
HOA Fee 0
Garage Spaces 12
Pool Features None
Year Built 1949
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 234979
Community Features Curbs Sidewalks
County Riverside
Net Operating Income 151680
Operating Expense 71551
Insurance Expense 8594
New Construction false
Property Type Residential Income
HOA false
MaintenanceExpense 9000
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Merge onto CA-60 E toward Riverside Take exit 50 for Rubidoux Blvd Turn right onto Rubidoux Blvd Turn left onto Mission Blvd Mission Blvd turns slightly right and becomes Mission Inn Avenue Turn right onto Redwood Dr Turn left
City Riverside
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 0
Number Of Units Total 12
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 11761
Number of Units Leased 12
Listing Terms Cash Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 779
Fuel Expense 299
Trash Expense 4667
Water Sewer Expense 2703
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 2
Total Actual Rent 227330
Property Sub Type Additional Apartment
Taxes 28846
Cap Rate 5.83
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InteriorFireplace Features None
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area
Entry Level 1
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ExteriorLot Features 11-15 Units/Acre
Water Source Public
Total Parking 12
Lot Size Area 11761
Number of Buildings 3
Building Area Total 6666
Lot Size Acres 0.27
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $16,417
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbyMulti-family listings in Riverside, CA
Average List Price $1,683,508
Percent of Sale Price 35%
About Riverside, CA 322,488 Population
25% Since 2002
$ 60,101 Median Income
32.82 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/11/2026 | $2,600,000 | | Listed Price |