9079 Colony Place, Riverside, California 92503, Riverside, 92503 - 0 bed, 0 bath
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Riverside, California 92503
Analysis of 9079 Colony Place, Riverside, California 92503 is currently available with a list price of $1,350,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1978 (46 years old), the property exceeds the 20-year threshold for dated condition. While the exterior is well-maintained with a new roof and fresh paint, the lack of mentioned interior renovations suggests kitchens, baths, and original systems are likely dated and require modernization.
The property features a brand-new roof and fresh exterior paint, significantly reducing immediate capital expenditure requirements and enhancing the asset's curb appeal.
With four separate electric and gas meters, the utility burden is largely shifted to the tenants, simplifying property management and protecting the owner's bottom line.
The combination of a rare 3-bedroom unit and three 2-bedroom units, paired with 8 parking spaces and coin-operated laundry, maximizes rental demand and provides additional revenue streams.
The reliance on a single shared water meter means the owner likely absorbs this fluctuating utility cost, which can negatively impact net operating income.
While the exterior has been recently updated, the 1978 construction and lack of mentioned interior renovations suggest that units may require further investment to achieve premium market rents.
Excellent investment opportunity. This well-maintained fourplex offers a desirable unit mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, providing strong rental appeal and excellent income potential. Recent property improvements include a new roof and fresh exterior paint, enhancing both curb appeal and long-term value. The property features 4 separate electric meters, 4 separate gas meters, and 1 shared water meter, making utility management efficient. Additional income potential is provided by the community coin-operated laundry room, while 8 on-site parking spaces offer ample parking for residents. Conveniently located near shopping, dining, schools, parks, and major freeways, this income-producing property is situated in a highly desirable rental market. Whether you’re an experienced investor or looking to add a quality multifamily asset to your portfolio, 9079 Colony Place offers a combination of recent upgrades, desirable amenities, and strong long-term investment potential.
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 | 4,113 | 2,310 |
| Lot Size | 9,148 | 10,019 |
| Price | $1.35M | $849.2K |
| Price per sq ft | $328 | $405 |
| Built year | 1978 | 1969 |
| HOA | $0 | $0 |
| Days on market | 2 | 79 |
Jul 20, 2026
$1,350,000
Initial Listing
Apr 13, 2018
$725,000
Public Record
Aug 2, 2007
$770,000
Public Record
Dec 23, 2004
$615,000
Public Record
Apr 4, 2003
$350,000
Public Record