$965,000
1195 W SPRING STREET
Riverside, CA, 92507
Property Description
Pleased to exclusively present the opportunity to acquire a five-unit multifamily property built in 1962 with 3,264 rentable square feet
on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single-story
construction.
The property has an on-site laundry room, wall-mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The
property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking.
Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability
compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California,
Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long-term economic growth and rental demand.
With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an
attractive opportunity to acquire a stable, well-located multifamily asset positioned for durable income and long-term appreciation.
on a 0.21 acre lot in the City of Riverside. The property features a highly functional unit mix of one and two bedroom floor plans, with single-story
construction.
The property has an on-site laundry room, wall-mounted air conditioner & heater units, & each unit is separately metered for gas and electricity. The
property is on septic. Parking consists of 5 carport parking spaces and 4 open space parking.
Riverside presents a compelling investment environment driven by a diverse employment base, continued population growth, and relative affordability
compared to coastal markets. Major employment anchors include the County of Riverside, March Air Reserve Base, and the University of California,
Riverside, which together support stable housing demand from government, military, academic, and healthcare professionals. Residents enjoy a strong quality of life with access to Downtown Riverside amenities such as the historic Mission Inn, the Fox Performing Arts Center, and outdoor recreation at California Citrus State Historic Park. Ongoing downtown reinvestment, including the Riverside Alive initiative featuring new residential, office, retail, hotel uses, and convention center expansion, further reinforces long-term economic growth and rental demand.
With solid fundamentals, efficient unit layouts, limited utility exposure, and a growing Inland Empire market, 1195 Spring Street offers investors an
attractive opportunity to acquire a stable, well-located multifamily asset positioned for durable income and long-term appreciation.
Property Details
Price:
$965,000
MLS #:
CV26019641
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
252riverside
Listed Date:
Jan 27, 2026
Total Sq Ft:
3,264
Lot Size:
9,148 sqft / 0.21 acres (approx)
Year Built:
1962
Schools
Interior
Laundry Features
CM
Exterior
Common Walls
_2CW
Community Features
SDW, CRB
Parking Spots
9
Parking Total
9
Financial
Maintenance Fee
$5,000
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Courtesy of MARCUS & MILLICHAP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 1195 W SPRING STREET
Riverside, CA
