Riverside County Real Estate Search

Riverside County Multi-Family Properties for Sale

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Newest Riverside County Multi-Family Homes for Sale

723 E Cottonwood Road, Palm Springs
$1,469,000
219154632PS MLS ⋅ Active Status
Reimagined Mid-Century Fourplex. A distinctive Palm Springs take on multifamily living, this extensively renovated four-unit property was thoughtfully reimagined in 2021 as a boutique mid-century apartment community, with all four units are occupied by long-term tenants, offering immediate rental income and a compelling opportunity for an investor.The renovation was extensive:stucco was repaired and repainted, while new windows and doors enhance appearances and energy efficiency. Units 2 and 3 received thoughtfully reconfigured kitchens that open to the living spaces, accented by breeze block, integrated workspaces, and custom shelving, with all 4 units getting refreshed.At the heart of the property, the pool courtyard was completely reimagined with expanded lounge space, colorful shade sails, breeze-block accents, and a custom Marilyn Monroe mural all surrounded by grounds transformed into a lush, resort-like setting.The property's infrastructure and common areas have been equally well cared for. The parking area was patched, resurfaced and restriped; a new mailbox cluster reinforces the mid-century aesthetic; and the foam roof was recoated in 2026. Translucent milk-glass entry gates replaced the original see-through metal gates, adding privacy, security and a sophisticated architectural detail.Unit 4 offers an especially compelling owner-user opportunity. The living area was substantially redesigned to capture the pool and courtyard views, with the kitchen relocated to the north wall and two new sliding glass doors creating a stronger indoor-outdoor connection. A new clerestory window brings morning light into the primary bedroom. The private courtyard was opened to the sky, with new patterned concrete paving, colorful shade sails and breeze-block detailing. A separate stackable washer/dryer, outdoor shower with mosaic tile and new tankless water heater complete the upgrades.Unit 1 remains attractively positioned below market, providing an additional value-add opportunity for a future owner or investor.With its combination of Palm Springs architectural character, resort-style outdoor living, extensive capital improvements, long-term tenancy and owner-user potential, this is a rare opportunity to own a small boutique multifamily property that feels more like a private desert retreat than a traditional fourplex. Fee simple (you own the land).

723 E Cottonwood Road, Palm Springs

33071 Santa Rosa, Lake Elsinore
$4,700,000
IV26225634 MLS ⋅ Active Status
Santa Rosa Mountain Villas is a unique and highly leasable 18-unit multifamily community built in 1987, comprising approximately 17,640 square feet of rentable space. The property consists of three identical two-story apartment buildings, each with a separate legal address (33071/33081/33091), situated on an approximately 56,628-square-foot lot. Also included in the offering is an additional contiguous, undeveloped 19,750-square-foot parcel featuring approximately 62 feet of frontage on Grand Avenue, property signage, and a sewer connection. Together, the parcels comprise approximately 1.75 acres, providing potential opportunities for the development of additional units on the improved parcel and/or the adjoining outparcel, subject to applicable zoning, entitlements, and governmental approvals. Each building contains six two-story, townhome-style residences and a laundry room providing additional owner income. Each approximately 980-square-foot unit features two bedrooms, one-and-one-half bathrooms, a private enclosed rear patio, central HVAC, and an individual water heater. Nearly all residences feature vinyl plank flooring throughout the first floor and upstairs full bathroom. In recent years, several units have received additional interior upgrades, including quartz or granite countertops in kitchens and bathrooms, as well as stainless-steel gas ranges, microwaves, and dishwashers. With its combination of townhome-style floor plans, substantial parking, lake and mountain views, operational efficiencies, additional land, and possible future development potential, Santa Rosa Mountain Villas presents investors with a distinctive multifamily investment opportunity in Southern California.

33071 Santa Rosa, Lake Elsinore

587 El Placer Road, Palm Springs
$1,050,000
CV26222265 MLS ⋅ Active Status
RESORT-STYLE LIVING IN THE HEART OF PALM SPRINGS! Discover this beautifully mid-century modern four-unit complex. Ideally situated in the desirable Demuth Park neighborhood of South Palm Springs. Offering an exceptional combination of modern upgrades, privacy, and resort-inspired outdoor living, this unique property presents an outstanding opportunity for investors or owner-occupants. Situated on an expansive 11,326 sq. ft. lot, with approximately 2,408 sq. ft. of total living space, this meticulously maintained property features four spacious units. Unit #2 offers 2 bedrooms and 2 bathrooms, while units #1, #3, and #4 each feature 1 bedroom and 1 bathroom. Units #2 and #4 are currently tenant-occupied, offering existing rental income potential, while the property's desirable location and extensive upgrades make it an excellent investment opportunity. Step outside and experience a private, resort-like retreat, surrounded by a six-foot perimeter wall and secured gated entrances. The thoughtfully designed common grounds feature inviting outdoor lounging and entertaining areas, beautifully landscaped walkways, decorative lighting, and low-maintenance desert landscaping with native plants, trees, pea gravel, and drip irrigation systems. Each residence also enjoys its own private backyard, complete with gated access to the common grounds or separate street entrances, offering additional privacy and convenience. Conveniently located near Demuth Park, Palm Springs International Airport, shopping centers, restaurants, cultural attractions, and vibrant downtown Palm Springs, this property offers easy access to the area's renowned dining, shopping, entertainment, and recreational destinations. A RARE OPPORTUNITY TO OWN A FOUR-UNIT PROPERTY WITH RESORT-STYLE AMENITIES IN ONE OF PALM SPRINGS' MOST DESIRABLE LOCATIONS! Perfect for those seeking an exceptional investment opportunity or a private desert retreat with additional income potential.

587 El Placer Road, Palm Springs

79321 Avenue 42, Indio
$789,000
219154224DA MLS ⋅ Active Status
INVESTORS TAKE NOTICE! An excellent opportunity to acquire an income-producing duplex in the desirable Bermuda Dunes rental market! Whether you're looking to expand your investment portfolio, generate rental income, or explore future value-add potential, this versatile property offers an attractive combination of established tenancy, functional living spaces, and long-term investment possibilities.Featuring two separate residences with a combined 5 bedrooms, 3 bathrooms, and an additional bonus room, this property offers flexibility and strong tenant appeal. Unit A features 2 bedrooms, 1 bathroom, spacious living and dining areas, a private entrance, private patio, and covered one-car garage. Unit B offers 3 bedrooms, 2 bathrooms, plus a versatile bonus room with potential for a 4th bedroom or home office. The larger residence also features an open-concept living area, bright kitchen, private courtyard, and attached two-car garage.Numerous improvements have already been completed, including updated laminate flooring, kitchen and living room windows, electrical outlets, ceiling fans, a newer A/C compressor, mini-split system, kitchen enhancements, and plumbing upgrades. Appliances are included, adding convenience for the next owner.Additional highlights include a sparkling swimming pool, expansive backyard, oversized side yard, low-maintenance desert landscaping, generous driveway parking, and potential RV parking. The property backs directly to a neighborhood park with a basketball court, adding to its appeal.THE INVESTMENT OPPORTUNITY: Both units are currently tenant occupied, providing an existing rental income stream with the opportunity to evaluate future rental growth and long-term equity potential. With separate entrances, private outdoor spaces, multiple garages, and desirable floor plans, this duplex offers the features tenants value.Conveniently located near shopping, dining, golf, schools, and easy freeway access, this Bermuda Dunes investment property is worth a closer look. Secure two rental residences in one acquisition and explore the possibilities for your portfolio!Both units are tenant occupied. Showings by appointment only. Please do not disturb occupants. Buyer to verify rental income, expenses, permits, and investment potential.

79321 Avenue 42, Indio

876 S D, Perris
$6,500,000
OC26221383 MLS ⋅ Active Status
The Mogharebi Group is pleased to present New Majestic, a distinctive mixed-use investment opportunity located at 876 S D Street in the heart of Perris, California. Built in 2019, this three-story property features 15 spacious apartment homes totaling approximately 20,600 square feet, along with eight ground-floor retail spaces totaling approximately 7,544 square feet, for a combined 28,144 square feet. The residential component consists of four two-bedroom/two-bathroom units and eleven two-bedroom/two-and-a-half-bathroom townhome-style units, with floor plans ranging from approximately 1,085 to 1,400 square feet. Quality construction and desirable amenities include granite countertops, hardwood-style flooring, stainless-steel appliances, washer/dryer hookups, private patios or balconies, and a controlled-access environment. Strategically positioned across from Mercado Park in downtown Perris, New Majestic offers investors the opportunity to acquire a newer-construction asset with diversified income streams from both residential and commercial tenants. The property benefits from proximity to shopping, dining, employment centers, the Perris-Downtown Metrolink Station, and Interstate 215. Individually metered gas and electricity there is a potential additional RUBS income opportunity for operational efficiency and increased revenue. With its attractive unit mix, modern construction, prominent downtown location, and potential for income growth, New Majestic represents a compelling investment opportunity in Riverside County's expanding Inland Empire market.

876 S D, Perris

40523 Preston Trail, Palm Desert
$369,900
219153981DA MLS ⋅ Active Status
** Short Term Vacation Rentals Allowed -Turnkey Furnished condo on the Golf Course with Mountain Views** HIGHLY DESIRED FOREST HILLS FLOORPLAN WITH PANORAMIC MOUNTAIN VIEWS FROM THE PATIO!!! Experience one of the most coveted Golf Course locations in Palm Desert Resort Country Club! Wake up to Fairway and Mountain Views. Perfectly positioned on the 13th Fairway, this exceptional condo captures Breathtaking, Panoramic views of the Golf Course and San Jacinto & Santa Rosa Mountains. From Sunrise to Sunset, the Sweeping Vistas create a truly unforgettable backdrop. This Turnkey Furnished, Forest Hills model is Move-in Ready. Featuring Two Private Master Suites & Two well appointed baths. A stylishly updated kitchen boasts Quartz Slab Countertops, Stainless Steel Appliances & Range Hood, Granite composite sink & Abundant Storage with an interior walk in closet and additional owners closet as well as an exterior storage closet at the carport. Attached Covered Parking Carport parking for 2 cars. Additional upgrades:Quartz bathroom vanities, white oak Luxury vinyl flooring, high-end ceiling fan, Interior Laundry Area complete w/washer/dryer & walk-in closets with built-ins. Thoughtfully updated to create a Comfortable & Inviting Ambiance. Prime End-Unit location with no condos to the front, offering optimal Privacy. Enjoy Desert Resort Living from your gracious Backyard Patio--perfect for Entertaining & Relaxing while watching golfers pass by & soaking in the view.Ideal as a Full-Time Residence, Seasonal Retreat or Short-Term Rental investment, offering incredible value in a Premier Country Club setting.HOA fee $845.00 per month. Resort Amenities include 24-hour Guard-Gated Security, 18-hole Championship Golf Course, Clubhouse w/ restaurant & bar, 20 Pools/Spas, 28 Pickleball courts, 7 Tennis Courts--home to the largest Pickleball Club in the Desert.

40523 Preston Trail, Palm Desert

32665 Mesa Drive, Lake Elsinore
$649,900
219153863DA MLS ⋅ Active Status
2 DETACHED HOMES, 1 LOT, NO HOA!!! Check Out the Virtual Walk-through on this Beautifully Situated Ranch Home with Detached Guest Cottage/Income Property- Both with Lake Views! Located in the City of Lake Elsinore close to the Freeway, Stadium and Downtown!! Featuring One Single Level 3 bedroom, 2 bath home with split concept, Laundry and Attached Direct Access 2 car Garage. Also featuring a Detached Cottage Home with RV/Toy Parking with Extra Large Lot Crossed Fenced for Individual Spaces between you and your Guest House as well as its own Laundry. This is a Year Round City with many Sites to Visit including Lake Elsinore's renowned Waterfront Campground, Dining and Boat Launch, The Ortega Highway that takes you to Historic Downtown San Juan Capistrano and less than 5 minutes to the freeway. Whether you love Shopping at the Outlet Mall, Riding at the Motocross Track, Watching Live Events, Parachuting at the Airport, or Catching a Game at Our Minor League Baseball Stadium, there's something for everyone. Lake Elsinore is home to Watersports Competitions, Fishing Derbies, Concerts, and so much more, ensuring endless fun and adventure. Your new home sits at the crossroads of Southern California's best destinations--just an hour from Sea World in San Diego, The Walk of Fame in Los Angeles, Disneyland, the Beaches of Orange County as well as a mere 1.5 hours, you can explore Coachella, Big Bear, Palm Springs, Morongo, and the Cabazon Outlets. It's no wonder people Buy here, Live here, and Love to call Lake Elsinore home! Come experience Lake Elsinore's ''Dream Extreme'' lifestyle--where anything is possible. Visit for the weekend and stay for a lifetime! Take a tour today! Incredible opportunity to call this your Home.

32665 Mesa Drive, Lake Elsinore

25121 Pine Cove Rd, Idyllwild
$445,000
3 Beds ⋅ 3 Baths ⋅ SW26214815 MLS ⋅ Active Status
Nestled among towering pine trees, this beautifully maintained log cabin offers the perfect blend of rustic charm, comfort, and privacy. Situated on a rare half-acre, this serene mountain retreat provides peaceful living just steps from the national forest. The main level features a spacious open-concept layout, seamlessly connecting the kitchen, dining, and living areas—ideal for entertaining or cozy nights in. The living room is anchored by a stunning rock fireplace with built-in bookshelves, while wood-beamed ceilings add warmth and character throughout. Step onto the large treetop deck or expansive front porch to enjoy fresh mountain air and tranquil forest views. The kitchen is thoughtfully designed with a breakfast bar, dining area, pantry, and a wood stove for added warmth and ambiance. A convenient ¾ bath on the main level accommodates guests. Upstairs, you’ll find two generously sized bedrooms with vaulted ceilings, abundant natural light, and a beautifully renovated ¾ bath. The lower level offers a private guest suite with its own entrance, living area, and spacious ¾ bath—perfect for visitors or potential rental opportunities. Additional highlights include a gated private driveway, recently refinished exterior stain and seal, and meticulously maintained grounds that enhance the home’s pristine, move-in-ready condition. This inviting mountain escape captures the essence of year-round living—snowy winter nights by the fire, breezy summer days on the deck, and unmatched privacy surrounded by nature—yet just minutes from local amenities. A true retreat where every day feels like a getaway.

25121 Pine Cove Rd, Idyllwild

5875 5877 Challen Avenue, Riverside
$1,200,000
IV26207216 MLS ⋅ Active Status
Excellent opportunity to own a beautifully updated duplex featuring two spacious 3-bedroom, 2-bathroom units, both to be delivered vacant at closing, offering flexibility for an investor, multi-generational living, or an owner-occupant looking to live in one unit and rent the other. Both units have been expanded with newly constructed primary bedroom and bathroom additions completed in 2026, permitted, approved, and finalized in accordance with City of Riverside requirements. Each residence has its own private address, separate gas and electric meters, individual electrical subpanel, private front and backyard, and one-car garage with automatic garage door opener. The property is fully enclosed with wood and wrought-iron fencing, and each unit has its own automatic wrought-iron entry gate, providing additional privacy and separation. The interiors have been extensively updated with new flooring throughout, recessed lighting, new windows, new doors, window blinds, central A/C and heating, and tankless water heaters. Both kitchens feature new cabinetry, granite countertops, new stove/range, and exhaust fans. Bathrooms feature tile finishes, glass shower doors, new toilets, and new vanities with granite countertops. Bedrooms include mirrored closet doors. Each unit also has its own automatic front-yard sprinkler system, exterior lighting, and attractive landscaping accented by palm trees. Conveniently located near major freeways, shopping centers, schools, dining, and everyday amenities, the property is situated in an area with strong rental demand. With both units delivered vacant, separate utilities, private yards, individual garages, gated entrances, and extensive recent improvements, this property offers an excellent opportunity to establish new rents and choose your own tenants from day one. Two homes. Two private living spaces. One outstanding Riverside investment opportunity.

5875 5877 Challen Avenue, Riverside

39011 Agua Vista, Murrieta
$9,500,000
26993871 MLS ⋅ Active Status
39011 & 39051 Agua Vista is a 33-unit multifamily investment opportunity located in Murrieta, California. Built in 1986 and situated on approximately 1.84 acres, the offering provides investors with a rare opportunity to acquire a sizable multifamily asset with spacious floor plans, a predominantly two-bedroom unit mix, and a strong amenity package. The property consists of three structures with 32 apartment units and one studio currently being used for storage. The unit mix includes 24 two-bedroom/one-and-a-half-bath units, four two-bedroom/two-bath units, four one-bedroom/one-bath units, and one studio. The concentration of two-bedroom floor plans provides residents with larger, more functional living spaces. Built in 1986, the asset offers a later construction vintage compared with many multifamily properties of similar size throughout Riverside County. The expansive site provides ample resident parking, including covered carport parking, a swimming pool, and on-site laundry. The property is also separately metered for electricity and gas, helping reduce the owner's responsibility for these utility expenses. Located in Murrieta, immediately north of Temecula, the property benefits from a strong Southwest Riverside County location with access to Interstate 15 and Interstate 215. Murrieta is home to more than 112,500 residents and has a median household income of approximately $114,081.Opportunities to acquire multifamily assets of this size and vintage in the surrounding market are extremely limited. The combination of scale, 1986 construction, a large 1.84-acre site, predominantly two-bedroom unit mix, and limited comparable inventory makes 39011 & 39051 Agua Vista a rare acquisition opportunity in the Murrieta multifamily market.

39011 Agua Vista, Murrieta

1419 E San Jacinto Way, Palm Springs
$1,095,000
4 Beds ⋅ 4 Baths ⋅ 26992883PS MLS ⋅ Active Status
Charming Triplex in Palm Springs located in Movie Colony East. Discover a unique investment opportunity in the heart of Palm Springs! Ideally located in the desirable Movie Colony East neighborhood, this charming 1936 Spanish-influenced triplex offers mountain views, character-rich architecture, and flexible ownership options. Live in one unit while generating rental income from the other two, or rent all three units for an income-producing investment property. Conveniently situated near shopping, restaurants, Ruth Hardy Park, and Palm Canyon Drive. The property features three separate units, each with its own street address. Original architectural details include beamed ceilings and fireplaces, complemented by thoughtful updates throughout the years. UNIT 1: A spacious 2-bedroom, 2-bath residence with flexible office space, fireplace, patios, and a private fenced yard. Improvements include a renovated kitchen with new cabinets, sink, and garbage disposal (2016); new dishwasher and refrigerator (2020-2021); renovated bathroom; new energy-efficient windows and flooring throughout common areas (2021); and fresh interior paint in October 2026. A stackable washer and dryer are located in a closet. UNIT 2: A 1-bedroom, 1-bath residence with flexible office space, fireplace, and private fenced yard. Updates include a renovated kitchen & bathroom with new cabinetry, fixtures, tile, and flooring (2021), polished concrete flooring in the main living areas (2021), energy-efficient windows (2021), and a new mini-split system (2024). Exterior washer and dryer hookups are located in a covered area outside. UNIT 3: A studio casita with 1 bathroom and patio space. Improvements include a renovated kitchen with new cabinets and sink, refrigerator, tile flooring, full-size washer and dryer, and water heater (2018), along with energy-efficient windows (2021) and a mini-split system (2018). Exterior painted in 2022, energy efficient polyurethane foam roof on both structures in 2021, original clay drains replaced in all bathrooms in primary structure (2/2 & 1/1) and landscaping redone September 2026 including removing gravel and new irrigation systems. All three units are separately metered for gas and electricity. The owner pays water and trash. Dedicated and off-street parking are available. All units are currently rented on a month-to-month basis. Pet friendly property and private fenced in yards. Owner has kept property well maintained. Call for appointment.

1419 E San Jacinto Way, Palm Springs

74380 El Camino, Palm Desert
$7,410,000
IV26208044 MLS ⋅ Active Status
HIGHLIGHTS: Palm Desert opportunity: 38 of 52 condo units, 73% majority ownership of the entire community, in a highly desirable year-round tourism destination. / 38 fully renovated, furnished and turnkey condos in the heart of Palm Desert, with all FF&E included and approximately $50,000 invested per unit. / Strong day-one cash flow with a 9.00% CAP, plus significant upside to a 13.36% proforma CAP and a per unit basis 15%–30% below nearby condo sales. / Renovated interiors and upgraded major common-area infrastructure, with additional aesthetic repositioning upside and multiple exit strategies through / Prime Palm Desert location near El Paseo, with a $237 proforma ADR and significant peak-season upside driven by major events and year-round tourism. / Fully condo-mapped. $575/Unit/Month HOA dues cover water, internet, common area insurance, exterior maintenance, pool & landscaping. The offering consists of 38 of the 52 condominium units (approximately 73% of the entire project) located at 74380 El Camino in Palm Desert, California. This substantial concentration of ownership represents a unique opportunity to acquire a controlling majority of the units within a single project, providing investors with significant scale and the potential to benefit from future improvements and repositioning of the community. The property is centrally located in Downtown Palm Desert, just steps from El Paseo Drive, the city's premier shopping and entertainment destination. The surrounding area has evolved into an upscale district featuring approximately 150 boutiques, art galleries and restaurants. With its concentration of luxury retailers, landscaped streetscape and proximity to world-class resorts, spas, golf courses, tennis facilities, fine dining and nightlife, El Paseo is often referred to as the “Rodeo Drive of the Desert.” APNS: 625340002, 625340004, 625340007, 625340008, 625340009, 625340010, 625340011, 625340012, 625340013, 625340014, 625340015, 625340016, 625340017, 625340018, 625340021, 625340022, 625340023, 625340024, 625340025, 625340026, 625340027, 625340028, 625340029, 625340030, 625340031, 625350003, 625350004, 625350005, 625350006, 625350007, 625350009, 625350010, 625350011, 625350012, 625350015, 625350017, 625350021

74380 El Camino, Palm Desert

84966 Calle Verde, Coachella
$875,000
219153060DA MLS ⋅ Active Status
Premium Investment Triplex with Exceptional Commercial PotentialWelcome to an outstanding investment opportunity that transcends traditional real estate offerings. This strategically positioned corner-lot triplex located in Coachella represents a unique convergence of residential income potential, commercial visibility, and lifestyle enhancement value. Spanning 7,841 square feet of prime corner property with 2,500 square feet of developed space, this three-unit residential investment vehicle offers multiple pathways to profitability and capital appreciation.The property stands out in the current market due to its exceptional location across from Sun Community US Bank, its mature and aesthetically valuable landscaping featuring diverse fruit trees, and its inherent flexibility for various use scenarios. Whether you are an experienced real estate investor, a savvy entrepreneur, or a development-minded professional, this property presents compelling opportunities for wealth creation and business diversification.Strategic Corner LocationThe property's position at 84966 Calle Verde places it in one of Coachella's most visually prominent and commercially accessible locations. As a corner lot property, this asset enjoys exceptional visibility from multiple directions, creating natural marketing exposure and easy tenant accessibility. The direct proximity to Sun Community US Bank--a major financial institution--establishes the property within a growing commercial corridor that continues to attract business activity and consumer foot traffic.This location advantage cannot be overstated. Corner properties command premium valuations in the market, and for investment purposes, the high visibility ensures consistent consumer and tenant awareness. Potential renters, customers, and business partners can easily locate and access the property, reducing marketing costs and increasing occupancy potential.Coachella Valley Market DynamicsCoachella has emerged as a dynamic growth market within Riverside County, offering investors attractive opportunities as the region continues to develop. The valley's strategic position between major population centers, combined with ongoing infrastructure improvements and commercial development, creates a favorable environment for real estate investments.The market fundamentals support strong long-term appreciation potential.

84966 Calle Verde, Coachella

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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.

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