10351 Wells Avenue
Riverside, CA, 92505 $ 725,000
Bedrooms-- Baths1.0 Sq 1,638 Monthly Estimate*
$ 4,578
Listed by Micaela Gaxiola, Re/Max Partners, micaelag.remax@gmail.com
for $725,000 with 1 full bath. This 1,638 square foot home was built in 1948 on a lot size of 0.72.
Prime Riverside Investment Opportunity — Two Homes on an Expansive Lot! Exceptional investment opportunity in Riverside! Located at 10351 & 10353 Wells Avenue, this unique property features two separate homes on an impressive 31,363 sq. ft. lot, offering tremendous potential for investors and multi-generational living. The property currently provides existing rental income from two well-maintained units, while the expansive lot presents an exciting opportunity to explore the possibility of adding one or two additional units (Buyer to independently verify development/building potential, zoning, permits, and requirements with the City of Riverside). The front home offers a spacious and inviting living room with recessed lighting and a cozy fireplace, tile and laminate wood flooring, upgraded maple cabinetry, a mini-split HVAC system, pantry/utility room, one-car attached garage, and washer/dryer hookups. Enjoy your own private patio and yard—perfect for relaxing or entertaining family and friends. The rear unit also features upgraded maple cabinetry, washer and dryer hookups, a private yard, and a mini-split HVAC system. Both homes have been thoughtfully upgraded and are well cared for by the current tenants. Additional highlights include a roof replacement completed in 2022 and an abundance of parking, with plenty of room for multiple vehicles, trucks, RVs, recreational toys, and more. Conveniently located near freeways, Galleria Mall, shopping centers, restaurants, and everyday amenities, this property combines current income-producing potential with valuable future possibilities. Opportunities like this are hard to find! Whether you're looking to expand your investment portfolio, generate rental income, or take advantage of the property's substantial land and development potential, this Riverside property is worth a closer look. Please DO NOT disturb Tenants.
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FeaturesGeneralSewer Public Sewer
Heating Wall Furnace
Cooling Electric Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession See Remarks
Appliances Dishwasher Gas Range Microwave Refrigerator
HOA Fee 0
Garage Spaces 1
Pool Features None
Year Built 1948
Tenant Pays All Utilities
View None
Stories Count 1
Levels One
Property Subtype Duplex
Gross Income 0
Community Features Suburban
County Riverside
Net Operating Income 26727
Operating Expense 9993
Insurance Expense 2035
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard Trust
Status Active
Directions From the 91 Fwy. to Pierce left on Pierce St. left on Wells Ave. to property.
City Riverside
Entry Location 1
Senior Community Y/N false
Number Of Units Total 2
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 31363
Number of Units Leased 2
Listing Terms Cash Cash to New Loan Conventional Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Trash Expense 0
Water Sewer Expense 600
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 9
Total Actual Rent 3060
Property Sub Type Additional Duplex
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InteriorInterior Amenities Ceiling Fan(s) Laminate Counters Utility Room
Flooring Laminate Tile
Fireplace Features Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Washer Hookup Gas Dryer Hookup Outside
Entry Level 1
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ExteriorFencing Chain Link
Parking Features Door-Single Driveway Garage
Water Source Public
Total Parking 1
Lot Size Area 31363
Number of Buildings 2
Spa false
Building Area Total 1638
Lot Size Acres 0.72
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 1
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* Excluded FeaturesList ByMicaela GaxiolaListing Agent
micaelag.remax@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $4,578
- 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 $1,903,319
Percent of Sale Price 163%
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 |
|---|
| 9/5/2026 | $725,000 | | Listed Price |