4204 12th Street
Riverside, CA, 92501 $ 1,475,000
Bedrooms-- Baths1.1 Sq 3,553 Monthly Estimate*
$ 10,187
Listed by RYAN MCKEE, ELEVATE REAL ESTATE AGENCY, Ryan@McKeeREgroup.com
for $1,475,000 with 1 full bath, 1 half bath. This 3,553 square foot home was built in 1975 on a lot size of 0.13.
***INCOME OPPORTUNITY - ATTENTION INVESTORS AND MORE!*** Don’t miss this exceptional opportunity to acquire a unique four-unit property (2 units on a lot) near the heart of Downtown Riverside! Situated on a prominent corner lot, this income-producing property features two separate buildings and a highly desirable unit mix consisting of two three-bedroom, two-bathroom residences and two one-bedroom, one-bathroom residences, plus a basement. This versatile configuration is ideal for an investor looking to expand a rental portfolio or an owner-occupant interested in living in one unit while generating income from the others. The charming Craftsman-style building showcases classic architecture, a welcoming covered front porch, mature shade trees and excellent street presence. The second two-story building offers additional residences with separate entrances and convenient access from the surrounding streets and alley. The interiors provide comfortable and functional living spaces with abundant natural light, spacious living rooms, well-appointed kitchens, generously sized bedrooms and a combination of carpet, tile and wood-look flooring. Select improvements include white cabinetry, tasteful countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature generously sized closets, and ceiling fans and wall-mounted climate-control units can be found throughout the property. Additional amenities include a shared laundry facility, gated outdoor areas, paved spaces and multiple parking possibilities. The corner-lot setting provides convenient access and separation between the buildings while mature landscaping adds shade and privacy. Conveniently located near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation and major freeway access, this property offers a compelling combination of location, flexibility and long-term income potential. Whether you are seeking a multi-generational living arrangement, an owner-occupied investment or a valuable addition to your real estate portfolio, this is an opportunity you will not want to miss!
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FeaturesGeneralSewer Unknown
Heating Central See Remarks Wall Furnace
Cooling Central Air See Remarks Wall/Window Unit(s)
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1975
Stories Count 2
Levels Two
Property Subtype Mixed Use
Gross Income 116820
Community Features Curbs Gutter(s) Sidewalks
County Riverside
Net Operating Income 95220
Operating Expense 21600
Insurance Expense 2500
New Construction false
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Take Mission Inn Ave to Brockton Ave to 12th St
City Riverside
Entry Location 1
Senior Community Y/N false
Number Of Units Total 4
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 5663
Number of Units Leased 4
Listing Terms Submit
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 1200
Fuel Expense 0
Trash Expense 800
Water Sewer Expense 1080
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 7
Total Actual Rent 9735
Property Sub Type Additional Mixed Use
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InteriorFireplace Features See Remarks
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Common Area See Remarks
Entry Level 1
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ExteriorLot Features Front Yard Lawn
Water Source See Remarks
Total Parking 2
Lot Size Area 5663
Number of Buildings 2
Building Area Total 3553
Lot Size Acres 0.13
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
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* Excluded FeaturesList ByElevate Real Estate AgencyBroker
Ryan@McKeeREgroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,187
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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.
Learn more about how to save NearbyMulti-family listings in Riverside, CA
Average List Price $1,955,082
Percent of Sale Price 33%
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 |
|---|
| 9/4/2026 | $1,475,000 | | Listed Price |