$799,000
1652 4th, Norco CA 92860
Multi-Family (Fourplex)
Property type
45 days
On market
$357
Price per sqft
4 cars
Garage
1950
Year built
11,326 sqft
Lot size
Home highlights
Open Houses
Overview
1652 4th Street in Norco presents a 4 unit investment opportunity positioned on a large 11,326 sq ft flat lot with CG General Commercial zoning, offering immediate income with strong future upside. The property consists of two 2 bedroom 1 bath units and two 1 bedroom 1 bath units, providing a balanced unit mix that appeals to a wide tenant base. Built in 1950, the asset has...
Listing provided by: Shawn Smithson DRE #01706033 949-371-5569, RE/MAX One, Ryan Bortolussi DRE #01502123, First Team Real Estate
Listing updated: Jun 8, 2026 at 09:39pm.
Last checked: Jun 8, 2026 at 10:00pm
Source: CRMLS #OC26089123
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $1,250 | $1,350 | $2,000 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,100 | $1,200 | $1,900 | Unfurnished |
| 1 | 1 | 1 | 1 | $850 | $850 | $1,500 | Unfurnished |
| 1 | 1 | 1 | 1 | $850 | $850 | $1,500 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Separate Electric Meters: 3
Separate Gas Meters: 0
Separate Water Meters: 0
Carpet: 4
Refrigerator: 4
Rent Control: No
Units Leased: 4
Total Actual Rent: $4,050
Tenant Pays: Cable Tv, Electricity, Gas, Other
Financial Snapshot
Gross Rent Multiplier
15.7x
List Price / Annual Gross Rent
Cap Rate
5.63%
NOI / List Price
Gross Scheduled Income: $51,000
Operating Expense: $5,992
Net Operating Income: $45,008
Annual Operating Expenses
Cable TV: $0
Electric: $0
Gardener: $0
Fuel: $0
Insurance: $1,200
Maintenance: $1,000
Trash: $792
Water / Sewer: $3,000
Interior
Interior Features: Ceiling Fans, Unfurnished
Flooring: Carpet, Tile
Cooling: None
Heating: Natural Gas, Wall Furnace
Appliances: Gas Oven, Refrigerator
Fireplace: None
Laundry: None
Accessibility: No Stairs
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Roof: Shingle
Foundation: Slab
Construction Materials: Wood Siding
Exterior: Rain Gutters
Common Walls: Two Common Walls Or More
Lot Features: Rectangular Lot
Pool: None
Spa: None
Fencing: Block, Chain Link
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Road Frontage Type: City Street
Road Surface Type: Paved
Garage and Parking
Parking: Garage, On Site, Oversized
Garage Spaces: 4
Uncovered Spaces: 21
Parking Total: 25
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 127180024
Additional Parcels: No
Tax Lot: 2
Tax Block: 25
Lot Size Dimensions: 60x185
Lot Dimensions Source: Assessor
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Horse Trails, Stables, Lake, Street Lights
Nearby Schools
Nearby schools around the 1652 4th, Norco, CA 92860. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$639,200
Total Interest
$815,264
Total Payment
$1,454,464
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$5,022
per month
Property History for 1652 4th
Norco Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92860.
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