4230 13th, Riverside, California 92501, Riverside, 92501 - 0 bed, 0 bath
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Riverside, California 92501
This 4-unit income property represents a Strong Value Opportunity, listed at $763,000—positioned well above the $709,039 Fair Market Value. While priced at a premium, the asset features significant capital improvements, including a 5-year-old roof and updated copper plumbing, which mitigate maintenance risks. With a Condition Rating of 4, the property offers a stable, income-generating layout in a high-demand location near UCR and Downtown Riverside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, well-maintained multi-family asset in a prime rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4230 13th Subject | $763,000* List Price | 0 | 0 | 2,154 | $329 | - |
A 3311 Lime Sold | $763,000 | 0 | 0 | 2,145 | $356 | 1.0 mi |
B 4481 13th Sold | $850,000 | 0 | 0 | 2,874 | $296 | 0.2 mi |
C 4308 Lime Street Active | $724,995 List Price | 0 | 0 | 2,546 | $285 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property has excellent recent system upgrades including a 5-year-old roof, newer copper plumbing, and new wall heaters, the 1956 structure remains dated. Interior photos show a functional but aging kitchen with older cabinetry and finishes that exceed the 20-year threshold for modern updates.
The property features a versatile 4-unit layout, including a private 2-bedroom front house and three 1-bedroom units, providing an ideal setup for maximizing rental yield or owner-occupancy.
Recent improvements including a newer roof, fresh exterior paint, and updated copper plumbing in three units significantly reduce immediate maintenance costs and capital expenditure for the buyer.
Situated near Downtown Riverside, UCR, and Mount Rubidoux, the property is positioned in a high-demand area that ensures consistent tenant interest and proximity to major employment and lifestyle hubs.
The reliance on street parking for a multi-unit property may be a drawback for tenants with multiple vehicles and could impact long-term tenant retention compared to properties with dedicated garages.
With a total of 2,154 square feet distributed across four units, the average unit size is relatively small, which may limit the property's appeal to tenants seeking more spacious accommodations.
Don't miss this rare opportunity to own a beautifully maintained **4-unit income property** in one of Riverside's most desirable and established neighborhoods! Located at 4230 13th Street, Riverside, CA 92501, this versatile property features a charming 2-bedroom, 1-bath front house with its own private front yard, plus three well-maintained 1-bedroom, 1-bath units tucked away in the rear—making it an ideal investment for generating strong rental income. This property has been thoughtfully upgraded with numerous capital improvements, including a **newer roof (approximately 5 years old)**, **newer fresh exterior paint**, **new wall heaters**, **newer copper plumbing in all three 1-bedroom, 1-bath units**, and a **new plumbing cleanout**, providing peace of mind and minimizing future maintenance costs. Perfectly situated just minutes from some of Riverside's most beloved attractions, residents will enjoy easy access to the iconic **Mount Rubidoux Park**, famous for its scenic hiking and walking trails with breathtaking city views. The property is also just moments from the **Historic Downtown Riverside** district and the world-renowned **Mission Inn Hotel & Spa**, where you'll find an incredible selection of restaurants, coffee shops, breweries, boutiques, museums, theaters, and year-round community events. Nearby conveniences include: * **Riverside Plaza** shopping and dining * **Fairmount Park** * **Ryan Bonaminio Park** * **University of California, Riverside (UCR)** * **Riverside Community College** * **Riverside Community Hospital** * Grocery stores, fitness centers, entertainment, and public transportation * Easy access to the **91, 60, and 215 Freeways** Located on a quiet, clean, tree-lined street with ample street parking, this neighborhood offers timeless charm, mature landscaping, and excellent curb appeal that tenants appreciate. The combination of strong rental demand, significant recent improvements, and an outstanding location makes this an exceptional addition to any real estate portfolio. Whether you're a seasoned investor, or completing a 1031 Exchange, or even a first time buyer, this is a rare opportunity in one of Riverside's most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,154 | 2,310 |
| Lot Size | 6,534 | 10,019 |
| Price | $763.0K | $849.2K |
| Price per sq ft | $354 | $405 |
| Built year | 1956 | 1969 |
| HOA | $0 | $0 |
| Days on market | 9 | 79 |
Jul 13, 2026
$763,000
Initial Listing
Sep 30, 2004
$444,000
Public Record