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4561 Main Street Riverside, CA 92501
$3,595,000 0 beds, 0 baths
9, 200 sqft
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Photo of Joe Vargas

Joe Vargas REALTORĀ® - Sales Associate 949-566-3220 m
949-499-5900 o
Lic#: 02130720
NRDS ID: 172507434
JoeVargas@bhhscal.com
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Lic#: 02130720
NRDS ID: 172507434
JoeVargas@bhhscal.com
Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
Phone: 949-499-5900
Fax: 949-499-1414
Laguna Beach 30812 South Coast Hwy
Laguna Beach, CA 92651
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Agent Remarks

We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment ideally located near Downtown Riverside. Positioned just off Magnolia Avenue and 14th Street, the property sits within one of Riverside's most desirable neighborhoods, known for its historic character, cultural attractions, and consistent rental demand. The asset spans three contiguous parcels totaling approximately 34,412 square feet and features a unique configuration of five separate buildings. This layout provides enhanced privacy, open space, and a predominantly single-story design, creating a more residential environment compared to traditional apartment complexes. Its proximity to Riverside City College and major transportation corridors further strengthens its long-term tenant appeal. The property offers key amenities that support stable occupancy, including 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. Recent capital improvements such as newer roofs and well-maintained exterior areas contribute to reduced maintenance needs and tenant retention. Additional income potential is supported by stand-alone garages that can be leased for storage, along with two separate owner's rooms that may offer future conversion into additional garages or ADU units, subject to buyer verification. The unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio, catering to a broad tenant base including students, professionals, and families. The property is currently operating at a 6.12% cap rate and 11.11 GIM, providing strong in-place income with upside through gradual rent growth. Located within a highly accessible and tenant-oriented corridor, the property is within walking distance to Riverside City College and under ten minutes from UC Riverside. Nearby amenities include major retail centers, employment hubs, and notable destinations such as the Mission Inn, The Cheech Center, Mount Rubidoux, and the California Citrus State Historic Park. With convenient access to the 91 and 215 Freeways, the property benefits from strong regional connectivity.45454581 Main Street represents a rare opportunity to acquire a well-located, low-density asset with stable cash flow and long-term growth potential in one of Riverside's most supply-constrained markets.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26829247
List price is $3,595,000
Beds: 0
Baths: 0
Built in 1950
9,200 sqft
0.79 acres
Lot size: 0.7900
County: Riverside
Zoning: R3
MLS area: 252 - Riverside

Last Updated: 5/12/2026

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This listing belongs to the 252 - Riverside MLS area

Lat/Long: 33.973933, -117.379936.
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Listing Agent: Oscar Diaz
Lic#: 02130720
Office Name: Laguna Beach

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Total population of , which has changed by % since 1990.
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Out of households, are families.

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Photo of Joe Vargas

Joe Vargas REALTORĀ® - Sales Associate 949-566-3220 m
949-499-5900 o
Lic#: 02130720
NRDS ID: 172507434
JoeVargas@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 02130720
NRDS ID: 172507434
JoeVargas@bhhscal.com

Laguna Beach Office
30812 South Coast Hwy
Laguna Beach, CA 92651
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