Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,286 sqft

Lot size

8,276 sqft

Year built

1964

Stories

1

Garage spaces

0

Heating

Central

Pool

None

Status

Active

Days on market

1

MLS #

247914977

About this property

Investment opportunity! This 4-unit income property offers a great opportunity for investors looking to add a multi-unit asset with existing rental income to their portfolio. The property consists of two separate buildings with a desirable unit mix of three 2-bedroom, 1-bath units and one studio unit. The property has benefited from updates throughout, including one recently refreshed unit featuring new flooring and interior paint, while other units have also received improvements over time. Cooling options vary by unit, with some offering central A/C and others equipped with wall A/C units. All units are currently occupied by month-to-month tenants at established rents, providing immediate income along with future flexibility for an investor. The property offers a relatively low-maintenance setup and multiple income streams under one ownership. With four units, two separate structures, existing tenants, and improvements already completed, this is an opportunity to acquire an income-producing property with long-term investment potential. Buyer and buyer’s agent to independently verify all property information, unit configuration, rents, expenses, permits, square footage, and other details to their satisfaction.

Location

99340 Lookout

Mecca, Riverside, CA, 92254