Riverside County Real Estate Search

Riverside County Multi-Family Properties for Sale

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Newest Riverside County Multi-Family Homes for Sale

$837,800
IV26162777 MLS Active Status
AN EXCEPTIONALLY RARE INVESTMENT OPPORTUNITY!!!!of 4 units in the city of Hemet: highly profitable cash-flow multi-family property that includes a vacant land parcel. This one of a kind offering comprises of four APN and must be sold together. All units are currently rented on a month to month basis, presenting immediate current income and exciting development potential for the right buyer. The detached front single family residence has 3 bedrooms, 2 baths with newer kitchen cabinets and granite countertops with hight ceilings tile and carpet flooring, Updated with minor TLC!! At the rear of the property, you will find a multi-residential with 3 distinct units, featuring two one-bedroom/one bath unit and one two bedroom one bath unit. Spacious, Strong exterior and shared amenities including a gated picnic area and a large in-ground pool which is a welcoming amenities tenants love, it help attract and retain tenants!!! Parking options include a driveway for the front unit and 4 detached tandem car garage on a separate structure, a separate driveway for the back units building. Location offers solid upside opportunity with potential rent growth, the vacant land adds development values-added potential This income property is perfect for savvy investors and buyers looking for diversified income growth potential and a strong commitment to value creation!!! Don’t miss the chance!!!! More photos and videos are coming soon, stay tuned for updates!!!

40631 Mayberry Unit 4, Hemet

$490,000
5 Beds 4 Baths 26867061PS MLS Active Under Contract Status
Discover a rare find and an exceptional income opportunity in the highly desirable La Quinta Cove featuring a main front home plus a permitted additional back property on one lot. This versatile setup is ideal for investors seeking cash flow and flexibility, and it's also a great fit for owner-occupants who want rental income potential. The main front property offers 3 bedrooms and 2 bathrooms and is currently vacant, giving you the freedom to move in immediately, renovate, or reimagine the space. Inside, you'll find a formal living area with a fireplace that creates a warm, welcoming centerpiece. From there, the home flows into a separate dining area open to the kitchen, making it easy to host and enjoy everyday living with an efficient layout. At the back of the property, the additional unit features 2 bedrooms and 1.5 bathrooms. The current tenant pays $2,000 per month in rent and has advised they would like to relocate, so the property will be delivered fully vacated, creating a clean slate for the next owner whether you plan to re-rent, make improvements, or tailor the layout to your goals. You'll also see another strong selling point: the property is all electric, supporting a streamlined, modern utility setup. Location adds even more appeal, with schools and shopping close by and a kid and dog park right across the street just steps away. For buyer convenience and transparency, there will be an additional MLS listing under the income category associated with this property. Don't miss this uncommon chance to own a La Quinta Cove two-unit property with strong income potential and excellent flexibility. Schedule your showing today!

53385 Eisenhower Drive, La Quinta

$8,400,000
CV26165757 MLS Active Status
We are pleased to exclusively present a distinguished multifamily investment opportunity at Casa Serena Apartments, 46595 Vargas Road in Indio, CA, offering a strong in-place income stream in the heart of the Coachella Valley. This well-maintained 51-unit garden-style community provides residents with direct access to the I-10 Freeway and Highway 111 retail corridor, and proximity to the world-famous Empire Polo Grounds and Coachella Valley Music & Arts Festival. Situated on a ±106,286 SF lot, Casa Serena features ±29,376 SF of rentable space across 51 one-bedroom/one-bathroom floor plans averaging a generous 576 SF each. Select units have been brand new remodeled with dark cabinetry, granite-style countertops, luxury vinyl wood plank flooring, and new tub and shower surrounds. Open-concept island kitchens offer a breakfast bar, electric stove and range with hood, and ample cabinet storage. Each unit includes walk-in closets, double-pane windows, private individual patios, and central air and heating — all on one story with no neighbors above or below. Common areas feature an on-site laundry facility, lush mature landscaping, a beautifully maintained courtyard, and surface parking, with full-time on-site property management and maintenance staff. Indio’s economy is anchored by a dynamic mix of hospitality, gaming, government, healthcare, and retail. Top employers include Fantasy Springs Resort Casino, Spotlight 29 Casino, the City of Indio, Desert Regional Medical Center, and the College of the Desert — driving a stable, diverse employment base across the Coachella Valley. As the secondary seat of Riverside County government, Indio supports thousands of public sector jobs. Tourism adds powerful economic strength, with nearly 1.4 million annual visitors drawn to the Coachella Valley Music & Arts Festival, the Empire Polo Grounds, and the National Date Festival — sustaining a consistent and resilient tenant base year-round. Casa Serena Apartments is a stable income-producing asset in the Coachella Valley, promising a strong return on investment in one of Southern California’s most rapidly growing communities. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.

46595 Vargas Road, Indio

$339,950
219150828DA MLS Active Status
Maximize your rental yield with this turnkey, centrally located duplex in the heart of Desert Hot Springs. Featuring strong tenant history, individual meters, and good rental history. This asset is optimized for cash flow from day one.OVERSIZED HOMES: Note these units are extremely easy to rent due to their rare and huge 1144 sq foot living spaces. Financial Highlights: Gross Rental Income: Unit A (2 Bed / 1 Bath): Generates $1,495/month in market-rate rent from a reliable occupant. Deposit is $1495. Lease term began 4-10-26 and expires 3-31-27. Unit B (2 Bed / 1 Bath): Generates $1,330/month with predictable, with approx. 50% government-backed HAP assistance payments. Deposit is $1250. Lease term began 1/20/23. Last rent increase was effective 1-1-25 so unit is eligible for rent increase any time. Utility Expenses: Units are individually metered for electricity and gas so tenant pays for these expenses. Owner Expenses: Covered costs are water, sewer and trash services.Property Configurations & Amenities: Spacious Layouts: Mirrored floorplans boasting 1,144 square feet of optimized living space per unit. Climate Control: Energy-efficient central heating and AC paired with cooling ceramic tile and luxury vinyl bedroom flooring. Kitchens: Full appliance setups including a dishwasher, gas stove, and refrigerator with a built-in breakfast bar. In-Unit Laundry: Separate laundry inside each unit to maximize tenant retention and convenience. Exterior Features: Large, covered front patios for outdoor relaxation and off-street parking accommodating up to four vehicles. Possible small RV or boat parking too.Prime Central Location: Walker's Paradise: Located in central Desert Hot Springs with a two-minute walk to daily necessities like the Dollar General and dining at Las Palmas Mexican Restaurant.

66445 5th Street, Desert Hot Springs

$1,500,000
PF26163145 MLS Active Status
An outstanding opportunity to acquire a four-unit income property in one of Moreno Valley's. Featuring four 2-bedroom, 1-bath units, each with its own detached one-car garage, separately metered gas and electricity, and an on-site laundry room, this property offers a solid foundation for both immediate cash flow and long-term appreciation. The property offers exceptional convenience for tenants and owner-occupants alike. Residents enjoy walking distance to neighborhood shopping centers, restaurants, grocery stores, and daily conveniences, while major transportation routes provide quick access throughout the Inland Empire. The property is also just minutes from the Moreno Valley/March Field Metrolink Station, Interstate 215, State Route 60, and March Air Reserve Base, making it an attractive option for commuters and military personnel. Moreno Valley continues to experience consistent rental demand driven by its affordability relative to neighboring Southern California markets, expanding logistics and distribution employment, healthcare, education, and proximity to Riverside. Nearby institutions such as UC Riverside, Moreno Valley College, and Riverside University Health System contribute to a broad and stable tenant pool. For buyers looking to build wealth through real estate, this quadplex offers the ideal scenario. Live in one unit while the remaining three units generate rental income that can substantially offset monthly housing expenses. Whether you're an experienced investor seeking stable cash flow or an owner-occupant looking to leverage rental income while building equity, 22561 Adrienne Ave represents a rare opportunity to own a well-located fourplex in a market with strong long-term fundamentals.

22561 Adrienne, Moreno Valley

$1,485,000
219150697PS MLS Active Status
Investor's dream in the heart of Palm Desert! This fully permitted five-unit income property sits on a spacious 0.41-acre lot and offers projected gross rental income of $10,350 per month ($124,200 annually) at full stabilization. Three units are currently leased and generating income, while the property's two highest-value units are vacant and ready for immediate lease-up at market rates.The primary residence is a spacious 2,700 sq. ft. 3-bedroom, 2-bath home featuring an attached two-car garage, private lap pool, in-ground spa, and built-in BBQ, with projected rental income of $3,750 per month. The standout feature is the detached 2-bedroom, 1.5-bath guest house, complete with its own owned solar system that saves approximately $400-$500 per month in electricity costs, with projected rental income of $3,000 per month.Completing the investment are two detached permitted ADUs projected to rent for $1,500 and $1,100 per month, each with its own electric meter, plus an attached permitted casita currently leased at $1,000 per month, with utilities included. Four of the five units have independent electric meters, helping reduce owner expenses. Best of all, there's no HOA.Ideally situated in the heart of Palm Desert, this property is just steps from the world-class dining, shopping, and entertainment along Highway 111 and the iconic El Paseo -- the ''Rodeo Drive of the Desert.'' Tenants enjoy walkable access to upscale boutiques, galleries, cafes, and restaurants, making this one of the most desirable rental locations in the Coachella Valley. Strong tenant demand and low vacancy are a natural result of a location this central.Whether you're completing a 1031 exchange, expanding your Coachella Valley investment portfolio, or looking for a multi-generational property with substantial income potential, 74431 De Anza Way offers a rare combination of immediate cash flow, future upside, and long-term flexibility.

74431 De Anza Way, Palm Desert

$899,000
IV26160902 MLS Active Status
The investment opportunity you've been waiting for is finally here! Whether you're looking for the perfect house hack, want to live in one unit and rent out the rest, complete a 1031 exchange, or add a turnkey income-producing property to your portfolio, this is an opportunity you don't want to miss. This fully permitted three-unit residential income property has been extensively renovated from top to bottom, allowing the next owner to avoid the expense, delays, and uncertainty of major construction while benefiting from significant improvements already completed. Recent upgrades include updated kitchens and bathrooms, new flooring throughout the main unit, all major appliances replaced within the last three years, a new HVAC system for the main unit, energy-efficient mini-split systems, drought-tolerant landscaping, and private washers and dryers in every unit for added convenience, privacy, and rental appeal. The Sunrun solar system helps offset electricity costs and reduce operating expenses. Featuring approximately 3,061 square feet of living space, the property includes: • Unit 1: 4-bedroom, 2.5-bath main residence (approximately 1,975 SF) • Unit 2: Junior ADU with 1 bedroom, 1 bathroom (approximately 472 SF) • Unit 3: ADU with 2 bedrooms, 1 bathroom (approximately 614 SF) The property is being offered with Units 1 and 3 vacant, providing the new owner with immediate occupancy or lease-up flexibility. Unit 2 is currently occupied on a month-to-month lease, offering immediate rental income while preserving future flexibility. Projected market rents: • Unit 1: $2,900/month • Unit 2: $1,600/month • Unit 3: $1,750/month With approximately $75,000 in projected annual gross rental income, this property offers immediate cash flow potential, long-term appreciation, and multiple income streams with reduced maintenance costs. The pro forma reflects realistic, market-supported rental rates rather than aggressive projections. Ideally located near schools, shopping, restaurants, parks, and freeway access in one of the Inland Empire's fastest-growing rental markets. Whether you're a first-time investor, owner-occupant, or completing a 1031 exchange, this turnkey triplex offers rare value with modern upgrades, fully permitted construction, immediate income potential, and long-term appreciation. Don't miss this rare opportunity!

13790 Mangowood, Moreno Valley

$763,000
IV26146715 MLS Active Status
Back on the Market!!!!!!!!! Don't miss this rare opportunity to own a beautifully maintained **4-unit income property** in one of Riverside's most desirable and established neighborhoods! Located at 4230 13th Street, Riverside, CA 92501, this versatile property features a charming 2-bedroom, 1-bath front house with its own private front yard, plus three well-maintained 1-bedroom, 1-bath units tucked away in the rear—making it an ideal investment for generating strong rental income. This property has been thoughtfully upgraded with numerous capital improvements, including a **newer roof (approximately 5 years old)**, **newer fresh exterior paint**, **new wall heaters**, **newer copper plumbing in all three 1-bedroom, 1-bath units**, and a **new plumbing cleanout**, providing peace of mind and minimizing future maintenance costs. Perfectly situated just minutes from some of Riverside's most beloved attractions, residents will enjoy easy access to the iconic **Mount Rubidoux Park**, famous for its scenic hiking and walking trails with breathtaking city views. The property is also just moments from the **Historic Downtown Riverside** district and the world-renowned **Mission Inn Hotel & Spa**, where you'll find an incredible selection of restaurants, coffee shops, breweries, boutiques, museums, theaters, and year-round community events. Nearby conveniences include: * **Riverside Plaza** shopping and dining * **Fairmount Park** * **Ryan Bonaminio Park** * **University of California, Riverside (UCR)** * **Riverside Community College** * **Riverside Community Hospital** * Grocery stores, fitness centers, entertainment, and public transportation * Easy access to the **91, 60, and 215 Freeways** Located on a quiet, clean, tree-lined street with ample street parking, this neighborhood offers timeless charm, mature landscaping, and excellent curb appeal that tenants appreciate. The combination of strong rental demand, significant recent improvements, and an outstanding location makes this an exceptional addition to any real estate portfolio. Whether you're a seasoned investor, or completing a 1031 Exchange, or even a first time buyer, this is a rare opportunity in one of Riverside's most sought-after neighborhoods. Agents please read agent remarks in MLS

4230 13th, Riverside

$819,000
219149819DA MLS Active Status
Excellent investment opportunity in the heart of Bermuda Dunes! This well-maintained duplex is ideally located in a high-demand rental area, making it an exceptional addition to any investment portfolio or an ideal owner-occupant opportunity.Unit A offers 2 bedrooms, 1 bathroom, a spacious living room, dining area, private entrance, private patio, and a covered one-car garage. Unit B features 3 bedrooms, 2 bathrooms, plus a versatile bonus room that can easily be converted into a 4th bedroom, home office, or flex space. The larger unit includes an open-concept living room, dining area, bright kitchen, private courtyard, and an attached two-car garage.This property has been thoughtfully updated and includes new laminate flooring, new kitchen and living room windows, new electrical outlets, ceiling fans throughout, a new A/C compressor, a mini-split system in one bedroom, pull-out kitchen cabinets, garbage disposal, and bathroom plumbing for a bidet in Bathroom 1. Additional features include automatic bathroom water shut-off valves with separate interior shut-off controls, adding convenience and peace of mind.The sale includes the refrigerator, washer, dryer, cooktop, and range hood, making this a truly turnkey opportunity.Outside, enjoy a sparkling pool, oversized backyard, huge side yard, desert landscaping with drip irrigation for planters, and no sprinkler system for low-maintenance living. The property backs directly to a park featuring a basketball court, providing an ideal setting for children, pets, and outdoor recreation. The generous driveway accommodates up to three vehicles, with additional potential RV parking.Both residences offer private outdoor living spaces, enhancing privacy and tenant appeal. Conveniently located near shopping, dining, golf, schools, and easy freeway access, this income-producing property offers strong rental potential in one of the desert's most desirable rental corridors.Both units are tenant occupied. Appointment required. Please do not disturb occupants.

79321 Avenue 42, Bermuda Dunes

$1,399,999
SW26136020 MLS Active Status
Exceptional 4-unit multifamily property (NEWER CONSTRUCTION encompassing 2 different and continuos parcels) offering stable tenants and income, strong rental demand (when vacancies occur), and long-term growth potential. This new and well-maintained asset features a mix of spacious units, solid tenant history, and consistent cash flow, making it an excellent addition to any investment portfolio. Positioned in a desirable area with access to major amenities and transportation, the property offers upside through rent optimization and strategic improvements. With its reliable performance and very low-vacancy track record, these buildings are perfectly suited for 1031 exchange buyers seeking a secure a replacement property. Investors will appreciate the steady NOI, professional management options, and long-term value in a high-demand rental market. The property encompases a newly constructed two-story, four-unit residential building designed with modern comfort, efficiency, and style in mind. Each unit features an open-concept layout with abundant natural light, and contemporary finishes throughout. The building includes two units on the ground floor and two units on the second level, each offering private entrances for added convenience and privacy. Thoughtfully crafted with durable materials and energy-efficient systems, the property boasts sleek kitchens with quality cabinetry, spacious living areas, well-appointed bedrooms, indoor laundry area, and a stylish bathroom. Exterior highlights include clean architectural lines, fresh landscaping, and parking spaces for residents. Opportunity for developing an additional 2 units exists. Site plan and elevations have been approved by the City of Lake Elsinore. A solid investment with upside for buyers looking to add value and capitalize on a classic multifamily asset in a desirable, well-positioned area.

415 N Main Street, Lake Elsinore

$1,750,000
CV26129354 MLS Active Status
We are pleased to present Sahara Road Apartments, a 10-unit multifamily investment opportunity located at 2200 E Sahara Road in the desirable Desert Park Estates neighborhood of Palm Springs, California. Situated on an expansive ±0.57-acre lot, the property offers investors the opportunity to acquire a stabilized, pride-of-ownership asset in one of the Coachella Valley's most established and desirable rental markets. Sahara Road Apartments consists of (4) one-bedroom / one-bathroom units and (6) studio units and is 100% occupied. The community features desirable single-story construction, attractive open floor plans, and well-maintained interiors that have been updated throughout the years of ownership. This true pride-of-ownership asset offers investors a stabilized investment opportunity with strong occupancy and an attractive resident environment. Residents enjoy a highly amenitized living environment featuring a swimming pool, gated dog park area, lush landscaped grounds, and an on-site laundry facility. Additionally, seven units feature private grass yards and three units feature private patios, further enhancing tenant appeal. The property is individually metered for electricity, while ownership currently pays water, sewer, trash, and gas. Additional operational features include two water heaters and a variety of electric cooling systems throughout the property, including central air conditioning, mini-split systems, and wall-mounted A/C units. Ideally located near Downtown Palm Springs, Palm Springs International Airport, major retail corridors, restaurants, and entertainment destinations, Sahara Road Apartments presents investors with the opportunity to acquire a well-maintained multifamily asset offering strong in-place occupancy, desirable amenities, and long-term investment potential within a highly sought-after Palm Springs location.

2200 E Sahara Road, Palm Springs

$925,000
IV26124263 MLS Active Status
PRICE IMPROVEMENT! Throughout Three Decades, 4600 Sunnyside Drive has Been Home, and the Opportunity has Come for a New Caretaker of the Property! Built in 1925 and Crafted in Adobe Plaster, the Main Residence is an Example of a Tudor Revival that is Listed in the Palm Heights Historic District and was One of Fourteen Dwellings Constructed During that Period....Enter Through Classic Arched Doorway, the Formal Living Room Greets You Offering Crown Moldings, Built In Bookcase, Gas Adobe Fireplace Encased with Marble, Original Wood Flooring....Primary Bedroom and Full Bathroom are on Lower Level Featuring Azul Mahogany Granite Counters, Rose Marble Flooring, Custom Mosaic Shower Tile...Stairway with Elegant Brass Carpet Runner Stair Rods Provide Access to Second Level Bedroom with Sitting Area and Half Bathroom....Kitchen is Light and Bright with Two Pantry's....Attached to Main House is Permitted Sun Room where Washer and Dryer Hook Ups are Available [main house is 1120 square feet]... The Back Units are in One Permitted Building with New Roof....Unit A is Approximately 400 Square Feet, One Level, Including Full Kitchen, Granite Counters, Island, Waterproof Luxury Vinyl Plank Flooring, New Appliances Installed in 2024, Recessed Lighting, Custom Tile in Full Bathroom....Unit B Offers Two Levels, Bedroom is in Second Level and is Spacious with Views of the Grounds, Skylights, Built In Bookcase, Three Quarter Bathroom... Lower Level, Kitchen and It's Vintage 1950's Sink, Laundry Hook Up, Luxury Vinyl Plank Flooring... Unit is Approximately 720 Square Feet and was Partially Renovated in 2026...There is Common Door that Connects Both Units, Both Units Can Be Combined as One Living Space....The Landscape is Whimsical and Serene Shared by Both Living Areas Accented by Mature Trees, Original Stone Fireplace and 10 x 12 Shed Built in 2024 Built to Code....Ceiling Fans, Stained Glass Light Fixtures, French Doors and Original Window are Just Some of the Many Highlights that Compliment this Fine Incomparable Property...

4600 Sunnyside Drive, Riverside

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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.