421 Devener, Riverside, CA 92507

Riverside
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
421 Devener,Riverside, CA 92507
$1,549,000
  • - Beds
  • - Baths
  • 5,712 sq. ft.
  • Multi-family
  • Active
Listed by: douglas mccauley, david covarrubias
Office: marcus & millichap909-456-3400
MLS#:CV26019708
Source:CRMLS

Price summary

  • Price:$1,549,000
  • Price per sq. ft.:$271.18

About this home

ACTUAL 7.18% CAP RATE! Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings located at 421 & 427 Devener Street, built in 1966 with 5,712 rentable square feet on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated. The asset presents a value-add opportunity, with the ability to enhance cash flow...

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Home facts

  • Year built:1966
  • Listing ID #:CV26019708
  • Added:242 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Rooms and interior

  • Living area:5,712 sq. ft.

Structure and exterior

  • Year built:1966
  • Building area:5,712 sq. ft.
  • Lot area:0.33 Acres
  • Lot Features:Rectangular Lot
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$1,549,000
  • Price per sq. ft.:$271.18

Parking

  • Total parking spaces:11
  • Parking description:On Site
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