$885,000
-$35,0001195 W SPRING STREET, Riverside CA 92507
Multi-Family (5 Units)
Property type
129 days
On market
$271
Price per sqft
0 cars
Garage
1962
Year built
9,148 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Douglas McCauley 909-456-3493, MARCUS & MILLICHAP, David Covarrubias DRE #01941403, MARCUS & MILLICHAP
Listing updated: May 27, 2026 at 05:47pm.
Last checked: Jun 2, 2026 at 08:30am
Source: CRMLS #CV26019641
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,395 | $1,395 | $1,499 | Unfurnished |
| 1 | 1 | 1 | — | $1,495 | $1,495 | $1,607 | Unfurnished |
| 1 | 1 | 1 | — | $1,595 | $1,595 | $1,714 | Unfurnished |
| 1 | 2 | 1 | — | $1,720 | $1,720 | $1,849 | Unfurnished |
| 1 | 2 | 1 | — | $1,881 | $1,881 | $2,022 | Unfurnished |
# of Buildings: 1
# of Units Total: 5
Separate Electric Meters: 5
Separate Gas Meters: 5
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
9.1x
List Price / Annual Gross Rent
Cap Rate
6.85%
NOI / List Price
Gross Scheduled Income: $97,032
Vacancy Allowance: $2,910
Vacancy Allowance Rate: 3%
Operating Expense: $33,843
Net Operating Income: $60,654
Annual Operating Expenses
Electric: $0
Gardener: $1,200
Fuel: $0
Insurance: $5,000
Maintenance: $5,000
New Taxes: $9,983
Professional Management: $0
Trash: $6,360
Water / Sewer: $4,000
Other Expense: $800
Interior
Laundry: Common Area
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Common Walls: Two Common Walls Or More
Lot Features: Street Level
Pool: None
Water Source: Public
Sewer: Septic Type Unknown
Garage and Parking
Parking: Carport, On Site
Garage Spaces: 0
Uncovered Spaces: 4
Carport Spaces: 5
Parking Total: 9
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 247105005
Additional Parcels: No
Tax Lot: 7
Community
Senior Community: No
Community Features: Curbs, Sidewalks
Nearby Schools
Nearby schools around the 1195 W SPRING STREET, Riverside, CA 92507. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$708,000
Total Interest
$903,015
Total Payment
$1,611,015
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,547
per month
Property History for 1195 W SPRING STREET
Riverside Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92507.
Similar Homes
Listings with similar prices to 1195 W SPRING STREET