4156 Dwight, Riverside, California 92507, Riverside, 92507 - 0 bed, 0 bath
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Riverside, California 92507
This Strategic Residential Income Duplex represents a stable asset with a List Price of $514,999—positioned well below the $520,754 Fair Market Value by 1%. This entry point provides $5,755 in Instant Equity for the incoming owner. Currently maintaining a Fair Condition Rating, the 1943 property offers immediate cash flow with tenants in place and high rental demand due to its proximity to the University of California, Riverside. With separate gas and electric meters and a partially rehabbed front unit, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4156 Dwight Subject | $514,999* List Price | 0 | 0 | 1,106 | $471 | - |
A 4110 Dwight Pending | $529,900 List Price | 4 | 2 | 1,440 | $368 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is an 80-year-old duplex (built 1943) that has been maintained as a rental. While the front unit received a partial rehab three years ago—including new laminate flooring, bottom kitchen cabinets, and a bathroom vanity—the overall property remains aged. The use of wall-mounted furnace and A/C units, rather than central HVAC, and the lack of a comprehensive renovation for the second unit indicate the property is functional but outdated. The exterior features basic chain-link fencing and a mix of dirt and grass, consistent with a 'Fair' condition for its age and use.
Proximity to the University of California, Riverside and Downtown Riverside ensures a consistent pool of potential tenants and high demand for the area.
The property is sold with existing tenants on month-to-month leases, providing instant rental income and flexibility for the new owner to adjust market rates or occupy a unit.
Electricity and gas are separately metered for each unit, shifting the primary utility costs to the tenants and simplifying the owner's management expenses.
The property was recently sold within the past year on 2025-05-14. The sold price is $480,000.00.
The 'drive-by only' requirement and 'subject to interior inspection' offer process create a barrier to entry that may complicate the initial due diligence for some buyers.
Unlike gas and electricity, the water utility is on a single meter paid by the owner, which can lead to unpredictable monthly overhead and lack of tenant accountability for usage.
Duplex for sale near the University of California, Riverside & Downtown. The seller is selling this property with tenants in place, providing immediate rental income! There are two separate units with a common wall. Each unit offers 1 bedroom, 1 bathroom, a living room, and a kitchen. Each unit also has an attached laundry room, large enough for a tenant-supplied washer and dryer, accessible from outside of both units. Both units include a wall furnace in the living room and two a/c wall units - one is located in the bedroom and one in the living room. The electricity and gas are separately metered, and the water is on one meter. Tenants pay for electricity, Gas & Trash, Owner pays the Water Bill. The duplex’s yard is enclosed by a chain link fence, and each unit has its own gated, fenced yard. The front yard is equipped with automatic sprinklers for easy maintenance. The front unit, 4156, which is about 536 sq ft, was rehabbed 3 years ago with new laminate flooring throughout, bottom cabinets in the kitchen, stove, new wall furnace, window coverings, new tile, repairs to subfloors in the kitchen, new bathroom vanity, and more! The back unit’s address is 4158, and it is 570 square feet. It boasts a chain-link gated pull-through fence along the back and a private concrete pad for two cars. The parking space is accessible from the alley behind the unit. Both tenants are on a month-to-month lease. Please DO NOT disturb tenants! Drive by only. Make an offer subject to interior inspection.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,106 | 2,307 | 17% |
| Lot Size | 5,663 | 6,970 | 17% |
| Price | $515.0K | $680.0K | 17% |
| Price per sq ft | $466 | $382 | 83% |
| Built year | 1943 | 1954 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 189 | 17% |
Apr 16, 2026
$514,999
$525,000
-2% Price Drop
Initial Listing
Apr 14, 2026
$525,000
$544,900
-4% Price Drop
Initial Listing
Mar 20, 2026
$544,900
Initial Listing
May 14, 2025
$480,000
Public Record