3080 Elgin Drive, Riverside, CA 92507

Riverside
Local realty services provided by:ERA Carlile Realty Group
3080 Elgin Drive,Riverside, CA 92507
$1,030,000
  • - Beds
  • - Baths
  • 4,200 sq. ft.
  • Multi-family
  • Active
Listed by: sean hwangbo
Office: tng real estate consultants714-203-8555
MLS#:CV26204711
Source:CRMLS

Price summary

  • Price:$1,030,000
  • Price per sq. ft.:$245.24
  • Monthly HOA dues:$700

About this home

We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside's University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,600 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a...

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Home facts

  • Year built:1964
  • Listing ID #:CV26204711
  • Added:9 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Living area:4,200 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Year built:1964
  • Building area:4,200 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,030,000
  • Price per sq. ft.:$245.24

Features and amenities

  • Laundry features:Outside
  • Pool features:Association, Community, Pool

Parking

  • Total parking spaces:8
  • Garage:Yes
  • Garage spaces:4
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