Properties

Riverside, CA 92507 1195 W SPRING STREET

1195 W SPRING STREET Riverside, CA - Image 11195 W SPRING STREET Riverside, CA - Image 21195 W SPRING STREET Riverside, CA - Image 3
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • MLS# CV26019641
  • 01/26/2026
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  • Baths • 1
  • SQFT • 3,264

Home Details

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.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 1195 W SPRING STREET

Other Interior Features

Common Walls2+ Common Walls
Laundry FeaturesCommon Area
Total Stories1

Other Rooms

Entry Level1

General for 1195 W SPRING STREET

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate6.04
Carport Spaces5
Carport Y/NYes
CityRiverside
Community FeaturesCurbs, Sidewalks
CountyRiverside
DirectionsTurn right onto Iowa Avenue & left onto Sprint Street. The property is on the left side.
Electric Expense
Entry LocationFront
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income95460
Insurance Expense5000
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan
Lot Size Square Feet9147.6
Lot Size UnitsAcres
MLS Area252 - Riverside
MaintenanceExpense5000
Net Operating Income58240
New ConstructionNo
Number Of Units Total5
Open Parking Spaces4
Operating Expense34732
Pool FeaturesNone
PostalCityRIVERSIDE
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerSeptic Type Unknown
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot7
Taxes$10,872
Tenant PaysElectricity, Gas
Trash Expense6360
Water Sewer Expense4000
Year Built1962
Year Built SourcePublic Records

Exterior for 1195 W SPRING STREET

Building Area Total3264
Lot FeaturesStreet Level
Lot Size Acres0.21
Lot Size Area0.21
Lot Size SourcePublic Records
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesCarport, On Site
Private PoolNo
Total Parking9
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $965,000
MLS#CV26019641
List Date 01/26/2026
Property Type Multi-Family
Phone 888.795.6274
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