9413 Garfield, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath
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Riverside, California 92503
This Income-Generating Multi-Unit Asset is listed at $775,000, providing a stabilized cash-flow opportunity near its $741,254 Fair Market Value. Operating as three separate units, the property generates a Net Operating Income of $45,184, with two units featuring contemporary remodels and one unit offering immediate Value-Add potential. Holding a Condition Rating of 4 on a Large 8,276 SqFt Lot, the property is located within the Riverside Unified School District near Arlington High School. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9413 Garfield Subject | $650,000* List Price | 4 | 2 | 1,868 | $348 | - |
A 9810 Sharon Sold | $687,000 | 4 | 3 | 1,639 | $419 | 0.5 mi |
B 4092 Overland Sold | $475,000 | 4 | 2 | 1,253 | $379 | 0.7 mi |
C 3878 Lafayette Street Sold | $600,000 | 3 | 2 | 1,493 | $402 | 0.4 mi |
D 4064 Acacia Street Pending | $659,000 List Price | 4 | 2 | 1,564 | $421 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this multi-unit property is in inconsistent condition. While the listing and images indicate that two units have been remodeled with updated flooring and modernized kitchens, one unit remains unrenovated. The exterior shows signs of age and deferred maintenance typical of a 60-year-old structure, and the presence of an un-updated unit suggests that minor repairs and further modernization are required to bring the entire property up to a 'Good' standard.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1868.
Great investment opportunity, property is being rented as three units, two of the units are 2 bedrooms 1 bath, the third unit is a 1 bedroom 1 bath, current income from rents total $57,804. Total expenses $12,619.50 with a net $45,184.50. Two of the units have been remodeled, one unit has not.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 0.8 mi
Grades PK-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,868 | 1,642 | 58% |
| Lot Size | 8,276 | 7,841 | 54% |
| Price | $650.0K | $660.0K | 47% |
| Price per sq ft | $348 | $390 | 29% |
| Built year | 1965 | 1986 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 180 | 17% |
Apr 10, 2026
$650,000
$700,000
-7% Price Drop
Initial Listing
Mar 30, 2026
$700,000
$775,000
-10% Price Drop
Initial Listing
Mar 6, 2026
$775,000
$810,499
-4% Price Drop
Initial Listing
Mar 4, 2026
$810,499
$850,000
-5% Price Drop
Initial Listing
Feb 3, 2026
$850,000
$899,999
-6% Price Drop
Initial Listing
Jan 28, 2026
$899,999
Initial Listing
Jan 27, 2026
$925,000
Initial Listing
Feb 28, 2003
$112,500
Public Record