Riverside County Real Estate Search

Riverside County Multi-Family Properties for Sale

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Newest Riverside County Multi-Family Homes for Sale

3752 3754 Mintern Street, Jurupa Valley
$699,999
DW26198484 MLS ⋅ Active Status
***** Subject To Cancellation Of Escrow - There was a delay with Certificate of Occupancy on the seller Side ******* Welcome to this beautifully remodeled 2-unit property in Jurupa Valley, offering an incredible opportunity for an owner-occupant, extended family, or buyer looking for additional rental income! The front unit offers approximately 1,309 sq. ft. with 3 bedrooms and 3 bathrooms, laundry hookups, vinyl flooring, recessed lighting, dual-pane windows, and central A/C. The rear unit offers approximately 550 sq. ft. with 1 bedroom and 1 bathroom, featuring its own private backyard and patio area, mini-split A/C system, and a beautifully updated interior. Both units were extensively remodeled with permits, including new electrical with two separate electrical panels, new plumbing throughout, roofing improvements, dual-pane windows, flooring, recessed lighting, and updated interiors. The property also features a long driveway with plenty of off-street parking, additional parking in front, and landscaped outdoor areas with sprinklers. Whether you're looking to live in one unit and rent the other, accommodate extended family, or add a turnkey 2-unit property to your portfolio, this property offers approximately 1,859 sq. ft. of combined living space and tremendous flexibility. Two remodeled units. Permitted improvements. Separate living spaces. Plenty of parking. Move-in ready. Don’t miss this Jurupa Valley opportunity!

3752 3754 Mintern Street, Jurupa Valley

10351 Wells Avenue, Riverside
$725,000
IG26190778 MLS ⋅ Active Status
Prime Riverside Investment Opportunity — Two Homes on an Expansive Lot! Exceptional investment opportunity in Riverside! Located at 10351 & 10353 Wells Avenue, this unique property features two separate units (SFD with a Secondary Unit) on an impressive 31,363 sq. ft. lot, offering tremendous potential for investors and multi-generational living. The property currently provides existing rental income from two well-maintained units, while the expansive lot presents an exciting opportunity to explore the possibility of adding one or two additional units (Buyer to independently verify development/building potential, zoning, permits, and requirements with the City of Riverside). The front home offers a spacious and inviting living room with recessed lighting and a cozy fireplace, tile and laminate wood flooring, upgraded maple cabinetry, a mini-split HVAC system, pantry/utility room, one-car attached garage, and washer/dryer hookups. Enjoy your own private patio and yard—perfect for relaxing or entertaining family and friends. The rear unit also features upgraded maple cabinetry, washer and dryer hookups, a private yard, and a mini-split HVAC system. Both homes have been thoughtfully upgraded and are well cared for by the current tenants. Additional highlights include a roof replacement completed in 2022 and an abundance of parking, with plenty of room for multiple vehicles, trucks, RVs, recreational toys, and more. Conveniently located near freeways, Galleria Mall, shopping centers, restaurants, and everyday amenities, this property combines current income-producing potential with valuable future possibilities. Opportunities like this are hard to find! Whether you're looking to expand your investment portfolio, generate rental income, or take advantage of the property's substantial land and development potential, this Riverside property is worth a closer look. Please DO NOT disturb Tenants.

10351 Wells Avenue, Riverside

4204 12th Street, Riverside
$1,475,000
IV26185431 MLS ⋅ Active Status
***INCOME OPPORTUNITY - ATTENTION INVESTORS AND MORE!*** Don’t miss this exceptional opportunity to acquire a unique four-unit property (2 units on a lot) near the heart of Downtown Riverside! Situated on a prominent corner lot, this income-producing property features two separate buildings and a highly desirable unit mix consisting of two three-bedroom, two-bathroom residences and two one-bedroom, one-bathroom residences, plus a basement. This versatile configuration is ideal for an investor looking to expand a rental portfolio or an owner-occupant interested in living in one unit while generating income from the others. The charming Craftsman-style building showcases classic architecture, a welcoming covered front porch, mature shade trees and excellent street presence. The second two-story building offers additional residences with separate entrances and convenient access from the surrounding streets and alley. The interiors provide comfortable and functional living spaces with abundant natural light, spacious living rooms, well-appointed kitchens, generously sized bedrooms and a combination of carpet, tile and wood-look flooring. Select improvements include white cabinetry, tasteful countertops, updated flooring and refreshed bathroom finishes, while other areas retain their original character and offer opportunities for future personalization. Several bedrooms feature generously sized closets, and ceiling fans and wall-mounted climate-control units can be found throughout the property. Additional amenities include a shared laundry facility, gated outdoor areas, paved spaces and multiple parking possibilities. The corner-lot setting provides convenient access and separation between the buildings while mature landscaping adds shade and privacy. Conveniently located near Downtown Riverside, the historic Mission Inn, Riverside Community Hospital, Mount Rubidoux, shopping, dining, public transportation and major freeway access, this property offers a compelling combination of location, flexibility and long-term income potential. Whether you are seeking a multi-generational living arrangement, an owner-occupied investment or a valuable addition to your real estate portfolio, this is an opportunity you will not want to miss!

4204 12th Street, Riverside

3112 1st, Riverside
$1,478,000
CV26194251 MLS ⋅ Active Status
THIS UNIQUE PROPERTY HAS BEEN REHABBED THOUGHOUT THE YEARS WITH EACH UNITS EXQUSITLY MODERN ALL LAMINATE WOOD FLOORS, CROWN MOLDING, CENTRAL AC, GRANITE COUNTERS inside & out of the homes. EACH UNIT HAS APPROX 1800 SQ FT living space EACH, TOTALING 3600 SQ FT ON A 29,185 square foot lot (accesors records). INDIVIDUAL ADDRESS EACH WITH PRIVATE YARDS, CARPORTS, SECURE REMOTE ACCESS GATES, The back of the lot is separately fenced with LARGE GATE ACCESS for large vehicles.. HAS A SEPARATE STORAGE YARD with a very tall carport port & separate workshop/garage with automatic rollup door & a restroom on the side for visitors (permits unknown). BMP zoned, commercial with incidental storage offices however. (READ THE INHERITED CITY ZONE CLAUSE) residential occupancy may still exist, stipulates, cannot be vacant more than 6 months or it's subject to lose that zone status. Next to the railroad tracks with convenient access to the 60/215/91 fwys. Complete Conditions-Report | ?Plans-Architecual-Structural | Electrical Set | Mechanical Set 4 | Plan-Check-Responses 7.pdf? | ?Plumbing Set 6 | Phase 1 | City Fire Dept water flow test for an additional 3000 sqft structure in the future subject to design review. PLEASE REVIEW: Based on the proposed scope attached in supplements (such as a Minor Conditional Use Permit or Design Review) are required at this time. The proposed Building Permit applications: BP-2026-08835 | BP-2026-09179 | BP-2026-09184

3112 1st, Riverside

4057 Fort, Riverside
$683,000
RS26190079 MLS ⋅ Active Status
DON’T MISS THIS RARE TWO-HOMES-ON-ONE-LOT OPPORTUNITY! Whether you’re an investor looking for income potential or an owner-user who wants to live in one home and rent the other, this property offers exceptional flexibility. Both residences are ready for immediate occupancy, allowing the new owner to move in or begin establishing market rents right away. Each residence features 2 bedrooms and 1 bathroom and has been refreshed with new interior paint, new flooring, and newly installed wall A/C units, creating a clean, updated and move-in-ready feel. The rear residence offers additional usable space with an attached garage currently converted into an additional bedroom and living area without permits. Buyer to independently investigate and verify permits, square footage, use, rental potential and all property information with the appropriate authorities. Step outside to an expansive backyard offering plenty of room for outdoor entertaining, recreation and future possibilities. Conveniently located near shopping, dining, schools and everyday amenities, with easy access to the 60 Freeway and surrounding Riverside and Inland Empire communities. With two separate 2-bedroom residences, recent improvements and strong rental potential, opportunities like this are hard to find. Ideal for investors, multi-generational living or an owner-occupant looking for additional rental-income potential. Act quickly—this unique two-on-a-lot property is one you won’t want to miss!

4057 Fort, Riverside

Coachella
$465,000
219152134DA MLS ⋅ Active Status
INVESTMENT OPPORTUNITY IN COACHELLA! Whether you're an investor looking to add an income-producing property to your portfolio or a first-time buyer looking for a property that can help offset your monthly mortgage, this one offers plenty of possibilities!The property is currently configured with THREE separate living areas. The main unit features 2 bedrooms and 1 bathroom with updated flooring throughout most of the home, along with fresh interior and exterior paint. Attached to the main structure is an additional living area currently configured as a spacious 1-bedroom, 1-bath apartment featuring an oversized bedroom.The separate 2-bedroom, 1-bath unit was updated approximately three years ago and is currently tenant occupied at $1,800 per month, providing immediate rental income from day one.Additional improvements include roof work completed within approximately the past five years on the first unit. With an existing tenant already producing income and additional living areas offering further rental potential, this property presents an excellent opportunity to live in one unit while collecting rent, accommodate extended family, or maximize the property's income-producing potential.Don't miss this unique Coachella investment opportunity!Property is reflected as a DUPLEX in public/title records and is currently configured with three separate living areas. Buyer and buyer's agent to independently verify permits, square footage, unit configuration, zoning, rental potential, and all information with the City of Coachella and appropriate governmental agencies.

Coachella

43611 State Highway 74, Hemet
$1,995,000
26931871 MLS ⋅ Active Status
Ridgeview Apartments, a 10-unit apartment property located at 43611 Florida Avenue in Hemet, California. The property includes seven two-bedroom / two-bath units and three one-bedroom / one-bath units. Built in 1968, Ridgeview Apartments has approximately 8,250 rentable square feet and sits on a 0.31-acre lot. Residents have access to a swimming pool, gated entry, on-site laundry and 24 parking spaces, including 14 covered spaces. Units include central air and heat, individual water heaters, dishwashers, garbage disposals and dual-pane windows. Gas and electricity are separately metered, while the owner pays for water, sewer and trash. Ridgeview Apartments is located along Florida Avenue, one of Hemet's main commercial corridors. The surrounding area gives residents convenient access to shopping, restaurants, schools, healthcare and other everyday services. Hemet is located in the San Jacinto Valley in Riverside County and remains one of the more affordable housing markets in Southern California. The local economy is supported by healthcare, education, retail and government employment, while nearby communities including Menifee, Murrieta and Temecula provide additional jobs and services. Ridgeview Apartments is well positioned within a Hemet market that continues to benefit from relative affordability, a broad base of local employment and access to nearby cities such as Menifee, Murrieta and Temecula. With housing costs across Southern California remaining elevated, Hemet continues to attract renters looking for more attainable housing without leaving the Inland Empire. That combination should continue to support demand for well-located apartment properties like Ridgeview.

43611 State Highway 74, Hemet

712 S Howard, Corona
$2,000,000
CV26189840 MLS ⋅ Active Under Contract Status
We are pleased to present the The Howard Apartments, a 10-unit multifamily investment property located at 712 S Howard Street in Corona, California. The property is currently operating at approximately a 5.04% cap rate with rents approximately 20% below market, providing investors with an attractive value-add opportunity and potential for future income growth. Effective January 2027, scheduled rent increases across all 10 units will generate an additional $950 per month in rental income, or approximately $11,400 annually. Based on current operating performance, these increases are projected to result in an approximate 5.60% cap rate, with additional rental upside providing the potential for a pro forma cap rate approaching 7.00%. Built in 1963, the two-story property consists of approximately 6,000 square feet on an approximately 7,405-square-foot lot. The unit mix consists entirely of 10 one-bedroom / one-bathroom units averaging approximately 600 square feet each. Current ownership has completed several capital improvements, including the refurbishment of six units, installation of tile showers in seven units, copper water line repiping approximately 10 years ago, and roof replacement approximately six to seven years ago. Most water heaters have also been replaced, and electric heaters were installed approximately five to seven years ago. Additional features include ample tenant parking and an on-site laundry room. The property is all-electric with no gas service. The property benefits from a central Corona location with convenient access to employment, shopping, dining, transportation, and everyday amenities. Nearby State Route 91 and Interstate 15 provide connectivity throughout the Inland Empire, Orange County, and the greater Southern California region. Please do not disturb tenants, walk the property, or contact anyone at the property. Interior inspections will be conducted only upon an accepted offer.

712 S Howard, Corona

4120 S Neece, Corona
$600,000
OC26172827 MLS ⋅ Active Status
Welcome to this well-located Corona duplex offering an excellent opportunity for investors seeking an income-producing property with long-term potential. Situated on a spacious approximately 9,583 sq. ft. lot, this property features two separate 2-bedroom units with approximately 1,380 sq. ft. of total living space. Both units are currently tenant-occupied, and the property is being sold with the existing tenants in place, providing the new owner with established rental income from the start of ownership. The property has benefited from several significant improvements, including new HVAC installed in 2024, a newer roof, new windows, and an upgraded electrical system—valuable improvements that enhance the property's overall appeal and help position it for continued long-term ownership. The generous lot provides additional outdoor space and potential flexibility for the future. Buyers are encouraged to independently investigate and verify any possibilities for expansion, improvements, additional units, or ADU development with the appropriate governmental authorities. Conveniently located in Corona with access to shopping, dining, schools, services, and major commuter routes, including nearby freeway access, this duplex combines an established location with existing income and future potential. TWO 2-BEDROOM UNITS | APPROX. 1,380 TOTAL SQ. FT. | APPROX. 9,583 SQ. FT. LOT | NEW HVAC 2024 | NEWER ROOF | NEW WINDOWS | UPGRADED ELECTRICAL | TENANT OCCUPIED | EXISTING RENTAL INCOME A great opportunity to acquire a tenant-occupied duplex on a large lot in Corona with substantial property improvements and long-term investment potential. Don't miss this opportunity!

4120 S Neece, Corona

4412 Mission Inn Avenue, Riverside
$2,600,000
CV26174832 MLS ⋅ Active Under Contract Status
This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset. The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity to Los Angeles Union Station. Regional access is further supported by the 60, 91, and I-215 Freeways, making the property an ideal choice for commuters across the greater Inland Empire. Riverside's economy is anchored by healthcare, higher education, and public sector employment, with major employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside — sustaining consistent housing demand and a stable, creditworthy tenant pool. 4412–4430 Mission Inn Avenue is a stable, income-producing asset in one of Downtown Riverside's most sought-after residential corridors, offering investors exceptional stability and long-term value in a thriving urban market.

4412 Mission Inn Avenue, Riverside

66553 Estrella Avenue, Desert Hot Springs
$229,000
219151168DA MLS ⋅ Active Status
Best deal in Desert Hot Springs Investment Duplex - Rent increases can be made now! Long term tenants have beat this place up BUT they want to stay!!! Situated just half a block east of Palm Drive, this property offers an exceptional layout perfect for multi-generational living, a live-in owner, or a rental investment. Condition: Both tenants are long time occupants, and both units require repairs and will require significant cosmetic improvements upon turnover. Property Configurations: Main House (Unit A): Spacious 2-bedroom, 2-bathroom layout (approx.1,055 sq. ft.). Features durable tile flooring throughout, cozy carpeted bedrooms, a primary suite with an attached bath, and a fully fenced large backyard. Detached Studio (Unit B): Cozy approx. 300 sq. ft. rear studio featuring cool Spanish tile, a ceiling fan, a full tub/shower combo, and a private covered patio overlooking a separate fenced yard.Strong Financials & Immediate Upside: Stable Cash Flow: Total current gross income of $1,862/month. Unit A ($1,117/mo): Occupied by a long-term, reliable tenant since 2019. Backed by government HAP section 8 assistance ($983/mo guaranteed). Currently on a month-to-month lease. Unit B ($745/mo): Occupied by a long-term tenant since 2017. Backed by government HAP section 8 assistance but section 8 amount unknown. Currently on a month-to-month lease. Value-Add Opportunity: Both long-term tenants are on month-to-month agreements with rents below current market rates. Utilities & Parking Logistics: Utility Split: Unit A tenant pays gas and electric; owner covers water, sewer, and trash. Owner pays utilities for Unit B. Abundant Parking: Includes a 1-car attached garage and 3 off-street spaces for the front unit. The parking for the rear studio currently accommodates 4 cars or large recreational vehicles (boats/RVs up to 30 feet). HOWEVER the access to the studio parking requires crossing the vacant lot next door. We assume that access could end at any time but there is plenty of parking out in front on the street. Unbeatable Central Location: Boasting a high walkability factor, this property is a short 4-block stroll to the Hacienda Palms Shopping Center. Tenants enjoy instant access to grocery stores, banking, retail shops, and local dining.NOTE: Some photos have been digitally altered to remove furniture and tenant property for a better visual of the layout

66553 Estrella Avenue, Desert Hot Springs

5852 -5854 Norwood Avenue, Riverside
$8,000,000
CV26172324 MLS ⋅ Active Status
Located at 5832-5834 Norwood Avenue, 5816-5853 Persepolis Court, and 10663-10665 Alborz Court, this portfolio is ideally situated near Kaiser Permanente Riverside Medical Center, La Sierra University, and the Galleria at Tyler, placing residents within minutes of the region's most prominent healthcare, education, and retail destinations with direct connectivity via the 91, 60, 15, and I-215 Freeways. Available for purchase together or separately, each duplex is individually parceled across seven lots. The 14-Unit Portfolio spans seven individually parceled lots totaling ±77,102 square feet with ±25,280 square feet of rentable area. Built in 2024 and 2026, each two-story townhome-style duplex averages 1,863 square feet. The unit mix includes four 3-bedroom/2.5-bathroom homes at 1,603 SF, eight 4-bedroom/2.5-bathroom homes at 1,950 SF, and two 5-bedroom/3-bathroom units at 2,034 SF. Every residence features an open-concept layout with high ceilings and abundant natural light, a designer kitchen with center island, quartz countertops, custom self-closing cabinetry, and stainless steel appliances. Additional interior features include luxury vinyl flooring, recessed lighting, ceiling fans, walk-in pantry, walk-in closets, and dual vanities in the primary suite. Each home includes an upper-level laundry room with washer and dryer, central HVAC, and solar energy systems. Exteriors include attached two-car garages, private front and rear yards with patios, and decomposed granite landscaping maintained across all three sites. Situated in southwest Riverside's established La Sierra Acres neighborhood, the portfolio offers suburban tranquility with exceptional regional connectivity. Retail and lifestyle amenities anchored by the Galleria at Tyler and Castle Park enhance resident quality of life, while the La Sierra Metrolink Station (3.7 miles) provides direct transit to LA Union Station. Riverside's major employers — Kaiser Permanente, Riverside Community Hospital, UC Riverside, and Collins Aerospace — drive robust rental demand, reinforcing long-term market stability. This 14-Unit Portfolio is a stable asset in one of Southwest Riverside's most supply-constrained neighborhoods. Whether you are a first-time investor seeking a turnkey entry into the Inland Empire multifamily market or a seasoned investor adding institutional-quality new construction to your portfolio, this is a rare opportunity to acquire a purpose-built, modern asset.

5852 -5854 Norwood Avenue, Riverside

3342 Eucalyptus Avenue, Riverside
$890,000
CV26114104 MLS ⋅ Active Status
TRIPLEX!!! 1 Bedroom & 2 Studio Units! *3342, 3344, 3340 Eucalyptus Ave., Riverside - Rare opportunity to own a beautifully renovated triplex on an oversized 15,681 square foot flat, usable lot in one of Riverside's most sought-after investment corridors, ideally positioned between Downtown Riverside and UC Riverside. Renovated in 2024, this income-producing property blends classic Riverside character with modern updates, creating an outstanding opportunity for investors, owner-occupants, or those seeking multigenerational living. The desirable unit mix includes two studio units and one 1-bedroom, 1-bath unit, offering broad rental appeal for students, professionals, and long-term tenants. Separate gas and electric meters for each unit provide added convenience and simplified property management. The extensive 2024 renovations give the property a fresh, updated feel while maintaining its timeless character. The oversized lot offers exceptional flexibility with space for future expansion, additional parking, outdoor living areas, or potential ADU development (buyer to verify), making this a property with both immediate income potential and long-term upside. The central Riverside location places the property just minutes from Downtown Riverside's restaurants, coffee shops, entertainment venues, museums, and historic attractions. UC Riverside, Riverside City College, local hospitals, and major employment centers are all nearby, helping support consistent rental demand. Convenient access to the 91, 60, and 215 freeways makes commuting throughout the Inland Empire and surrounding areas simple.

3342 Eucalyptus Avenue, Riverside

1106 S BELLE, Corona
$615,000
OC26169130 MLS ⋅ Active Status
***FEDERAL COURT SALE AUCTION NOVEMBER 5, 2026 - BUYER MUST PROVIDE QUALIFIED OFFER, COMPLETE ALL INSPECTIONS, DELIVER DEPOSIT, & FULL CONTINGENCY REMOVAL TO QUALIFY TO ATTEND LIVE COURT AUCTION***ALL CASH OR HARD-MONEY ONLY***Investment Opportunity – Charming Duplex in the Heart of Corona** Discover the perfect blend of investment potential and owner-occupant flexibility with this well-maintained duplex located at **1106 S Belle Ave** and **1106 1/2 S Belle Ave, Corona**. Situated on a generous approximately **7,841 sq. ft. lot**, this unique property features **two detached residences**, providing privacy and independent outdoor living spaces for each unit. The front residence offers a spacious **2-bedroom, 1-bath** floor plan with warm wood flooring, a welcoming living room with fireplace, recessed lighting, an updated bathroom, and a generously sized kitchen. The rear residence is a **1-bedroom, 1-bath** home, ideal for rental income, extended family, or guests. Each unit enjoys its own private yard, creating a comfortable and functional living environment. Recent improvements include updated air conditioning systems, while ample off-street parking—including a carport and additional parking spaces—adds exceptional convenience. Conveniently located near Downtown Corona, shopping, restaurants, schools, parks, and with easy access to the 91 Freeway, this property presents an outstanding opportunity for investors seeking steady rental income or homeowners looking to offset their mortgage by living in one unit while renting the other. With separate living areas, strong rental appeal, and a prime central location, this duplex is a rare find with tremendous upside potential.

1106 S BELLE, Corona

40631 Mayberry Unit 4, Hemet
$798,700
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

46595 Vargas Road, Indio
$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

66445 5th Street, Desert Hot Springs
$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

22561 Adrienne, Moreno Valley
$1,390,000
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

74431 De Anza Way, Palm Desert
$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

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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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