9059 Colony Place, Riverside, CA 92503
- $1,345,300
- Sold Price
- $1,345,300
- List Price
- $1,350,000
- Closing Date
- Oct 21, 2025
- Status
- CLOSED
- MLS#
- AR25048685
- Year Built
- 1978
- Lot Size
- 9,583
- Acres
- 0.22
- Lot Location
- Back Yard, Cul-De-Sac, Rectangular Lot
- Days on Market
- 98
- Property Type
- Multifamily
- Style
- See Remarks
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.
Additional Information
- Appliances
- Gas Oven, Refrigerator
- Pool Description
- None
- Heat
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Exterior Construction
- Stucco
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Unfurnished, All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $96,180
- Operating Expense
- 24382
Listing courtesy of Listing Agent: Douglas Lee (doug.lee@compass.com) from Listing Office: COMPASS.
Listing sold by Choeun Kem from Pacific Delta
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.