Refine Search
Sort by
955 W Devonshire, Hemet
$850,000
PW26233533 MLS ⋅ Active Status
Exclusive Inland Empire Investment Opportunity! We are pleased to present 955 W Devonshire Ave (Units A-D), a beautifully maintained 1989-built fourplex in the rapidly growing city of Hemet. This stabilized asset consists entirely of high-demand, spacious 2-bedroom, 1.75-bathroom units. Rare find: Every single unit features dedicated parking for 2 vehicles! Unit Highlights:Unit A: Desirable single-level floor plan, private patio, and an attached 2-car garage with direct access and private laundry hookups.Unit B: Ground-floor unit featuring a private patio and a dedicated 2-vehicle carport. Units C & D: Upstairs units with balconies, bright layouts, and 2 assigned parking spaces each. Excellent Mechanics & Low Overhead:Separately Metered for gas and electricity (minimal landlord utility expenses). Individual Amenities: Each unit features its own central HVAC system, gas range, and individual water heater. On-site community laundry hookups offer an easy avenue for extra monthly revenue.Capitalize on Hemet’s booming rental market and affordable housing demand. Don't miss out on this solid, low-maintenance multifamily gem!

955 W Devonshire, Hemet

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

225 S Cahuilla, Palm Springs
$1,559,000
BB26221711 MLS ⋅ Active Status
Located in the prestigious Historic Tennis Club neighborhood, 225 S Cahuilla Rd is a premier turnkey quadraplex offering a rare blend of historical prestige and modern income potential. Priced at $1,559,000 the property consists of four 1-bedroom, 1-bathroom units, three of which have been fully renovated with high-end finishes. Marketed for its exceptional walkability, the residence is steps away from downtown Palm Springs’ dining, the Art Museum, and scenic hiking trails. A standout feature is the communal in-ground heated spa, providing residents with iconic mountain views. Financially, the property is a robust asset, generating a Gross Scheduled Income of approximately $8700/month. Positioned in a high-demand micro-market surrounded by multi-million-dollar estates, it serves as an ideal "house-hack" or pure investment. In a balanced 2026 market, this property stands out for its renovated condition, premium location, and immediate cash-flow readiness.

225 S Cahuilla, Palm Springs

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

965 E Vista Chino, Palm Springs
$1,190,000
219154314DA MLS ⋅ Active Status
Exceptional investment opportunity in the heart of Palm Springs - walking distance to downtown. Four-unit Apartment Building offered for sale, providing stable income and future value-add opportunity! Building (4-plex) offers Four sizable 2-bedroom/2-bath apartments, each with private patios, their own washer/dryer and enclosed 1-car garage. Upstairs units have amazing mountain views! Building is 4,372 SF on a 7,841 SF lot. The community is comprised of Four Buildings (each a 4-plex) with a shared pool. Landscape and pool maintenance expenses are shared between the 4 buildings. Currently 100% occupied with great historic occupancy rates. Some rents are currently below market and the new owner would have the opportunity to increase the NOI, as rental rates have increased significantly over the past few years. This is a great opportunity to purchase a fully leased, income producing asset in the VERY HOT Palm Springs market. Palm Springs and the Coachella Valley are experiencing a period of massive growth - don't miss out! Reach out to Listing Agent for more information. Please do not disturb the tenants. Please note that 959 E Vista Chino (the apartment building next door) is also available.

965 E Vista Chino, Palm Springs

905 W Sumner, Lake Elsinore
$975,000
OC26222168 MLS ⋅ Active Status
This property is near the lake and features 2, almost identical, upgraded homes. Each homes includes 3 bedrooms and 2 1/2 bath plus a 2-car carport. The units are nearly identical. Nicely updated inside and out, each townhouse features fresh paint, newer flooring & updated fixtures throughout. The entry's open to a spacious living-room that flows seamlessly into a light & bright great-room with comfortable living space. Enjoy the inviting eat-in kitchen spaces & the generously sized kitchens offering ample cabinetry. The laundry areas are conveniently located at the base of each staircase. Upstairs are 3 well-appointed bedrooms, including 2 with walk-in closets & primary suites that features a private balcony with views of Lake Elsinore. Each home includes 2 covered, parking spaces. Located near the Historical Downtown, Schools and the Lake ...!

905 W Sumner, Lake Elsinore

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

9085 Bellegrave, Riverside
$1,150,000
DW26220247 MLS ⋅ Active Status
Welcome to a unique opportunity to own a versatile multi-unit property in Jurupa Valley! Situated on a generously sized lot of nearly one acre, this property features four separate residential units, offering excellent potential for investors, multi-generational living, or those seeking rental income opportunities. The expansive lot provides a variety of possibilities for future improvements, subject to local zoning and city approvals. Enjoy the convenience of a large driveway, abundant additional parking, and extra space for vehicles, boats, recreational toys, and more. The property's spacious grounds and horse-property appeal offer added flexibility for those looking for room to spread out. Whether you're looking to expand your investment portfolio, explore additional ADU opportunities, or create a property that accommodates multiple living arrangements, this is an opportunity worth exploring. Don't miss the chance to own a property with space, versatility, and exciting potential in Jurupa Valley!

9085 Bellegrave, Riverside

9085 Bellegrave, Riverside
$1,150,000
10 Beds ⋅ 5 Baths ⋅ DW26220191 MLS ⋅ Active Status
Rare Investment Opportunity in Jurupa Valley – Four Units on Nearly an Acre! Welcome to a unique opportunity to own a versatile multi-unit property in Jurupa Valley! Situated on a generously sized lot of nearly one acre, this property features four separate residential units, offering excellent potential for investors, multi-generational living, or those seeking rental income opportunities. The expansive lot provides a variety of possibilities for future improvements, subject to local zoning and city approvals. Enjoy the convenience of a large driveway, abundant additional parking, and extra space for vehicles, boats, recreational toys, and more. The property's spacious grounds and horse-property appeal offer added flexibility for those looking for room to spread out. Whether you're looking to expand your investment portfolio, explore additional ADU opportunities, or create a property that accommodates multiple living arrangements, this is an opportunity worth exploring. Don't miss the chance to own a property with space, versatility, and exciting potential in Jurupa Valley!

9085 Bellegrave, Riverside

12750 MIRACLE HILL Road, Desert Hot Springs
$550,000
SR26219771 MLS ⋅ Active Status
Multi family units !!12750 miracle hill rd in Desert Hot Springs Ca A spacious FOUR-PLEX 4 Units has great income !!! ON MIRACLE HILL ROAD. . Strong cash flow POTENTIAL MONTHLY INCOME ( ASSUMING UNIT B IS RENTRD AT $1200) INCOME $5096.48 A MONTH ! ZONING R4!!! Building area 3339 sqft !!! LOT SIZE 7840 unit A- 2 BEDROOM AND 1 BATH LARGE LIVING ROOM WITH FIREPLACE CENTRAL AIR/heating for $1326.09 . UNIT B - 1/1 $1200 REMODELED. UNIT C- 1/1 FOR $1438. REMODELED . UNIT D- 1/1 FOR $1132.39 ( ASSUMING UNIT B IS RENTRD AT $1200) INCOME $5096.48 A MONTH . 4 separate electric . 5 gas meters. each unit has a one hot water heater. 4 dishwasher . 4 ranges. 4 refrigerators. 4 patio. & Large LOT!!! In front of each unit has parking space . Unique property, Multi Units!!! No Hoa!!

12750 MIRACLE HILL Road, Desert Hot Springs

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

99340 Lookout, Mecca
$535,000
CV26216860 MLS ⋅ Active Status
Investment opportunity! This 4-unit income property offers a great opportunity for investors looking to add a multi-unit asset with existing rental income to their portfolio. The property consists of two separate buildings with a desirable unit mix of three 2-bedroom, 1-bath units and one studio unit. The property has benefited from updates throughout, including one recently refreshed unit featuring new flooring and interior paint, while other units have also received improvements over time. Cooling options vary by unit, with some offering central A/C and others equipped with wall A/C units. All units are currently occupied by month-to-month tenants at established rents, providing immediate income along with future flexibility for an investor. The property offers a relatively low-maintenance setup and multiple income streams under one ownership. With four units, two separate structures, existing tenants, and improvements already completed, this is an opportunity to acquire an income-producing property with long-term investment potential. Buyer and buyer’s agent to independently verify all property information, unit configuration, rents, expenses, permits, square footage, and other details to their satisfaction.

99340 Lookout, Mecca

99340 Lookout, Mecca
$535,000
7 Beds ⋅ 4 Baths ⋅ CV26216813 MLS ⋅ Active Status
Investment opportunity! This 4-unit income property offers a great opportunity for investors looking to add a multi-unit asset with existing rental income to their portfolio. The property consists of two separate buildings with a desirable unit mix of three 2-bedroom, 1-bath units and one studio unit. The property has benefited from updates throughout, including one recently refreshed unit featuring new flooring and interior paint, while other units have also received improvements over time. Cooling options vary by unit, with some offering central A/C and others equipped with wall A/C units. All units are currently occupied by month-to-month tenants at established rents, providing immediate income along with future flexibility for an investor. The property offers a relatively low-maintenance setup and multiple income streams under one ownership. With four units, two separate structures, existing tenants, and improvements already completed, this is an opportunity to acquire an income-producing property with long-term investment potential. Buyer and buyer’s agent to independently verify all property information, unit configuration, rents, expenses, permits, square footage, and other details to their satisfaction.

99340 Lookout, Mecca

33350 Cathedral Canyon Drive, Cathedral City
$2,600,000
219153707DA MLS ⋅ Active Status
Opportunity awaits at Canyon View Apartments, a 10-unit multifamily property positioned in the heart of the Coachella Valley. This well-located apartment community offers investors the opportunity to acquire a 10-unit income-producing asset in a desirable Southern California market.The property provides an attractive combination of scale, location, and rental income potential, with convenient access to major employment centers, shopping, dining, entertainment, and the area's renowned resort and recreational destinations.With 10 units under one roof, Canyon View Apartments offers investors the potential for stable rental income, operational efficiencies, and long-term appreciation. The property's location on Cathedral Canyon Drive provides excellent connectivity throughout Cathedral City, Palm Springs, Rancho Mirage, and the broader Coachella Valley.A compelling multifamily opportunity for investors seeking an established 10-unit asset with potential for continued income growth and value creation.Property Highlights10-unit apartment communityEstablished multifamily income streamPrime Coachella Valley locationConvenient access to Palm Springs and surrounding communitiesPotential for rental and operational upsideAttractive opportunity for both experienced and first-time multifamily investors

33350 Cathedral Canyon Drive, Cathedral City

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

16459 Joy Street, Lake Elsinore
$4,000,000
TR26214538 MLS ⋅ Active Status
16459 Joy Street presents a compelling multifamily investment opportunity in Lake Elsinore, CA. This 10-unit property features spacious three-bedroom townhome-style units with premium amenities, including central air and heat, private patios, and in-unit laundry hookups. Residents appreciate the convenience of private two-car garages, driveways, and some units even featuring a carport. Strategically situated near Lake Elsinore's scenic waterfront, the property is within walking distance to Machado Elementary School and proximate to Lakeside High School. Riverside Drive offers easy access to local retailers, restaurants, and grocers, while Interstate 15 provides seamless connectivity to regional employment hubs. With two units currently vacant, this property is ideal for owner-occupants seeking a prime location with growth potential. A comprehensive renovation plan can unlock significant rental premiums, capitalizing on strong demand for quality multifamily housing in this desirable SoCal market.

16459 Joy Street, Lake Elsinore

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

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.

How much is your home worth?

Get instant property value now!