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4027 Dwight Avenue

Riverside, CA 92507

– beds
– baths
– sqft
6,098 sqft lot
1943 build
– on site

Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550–$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Bank’s Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of alley access, and a price point under $600,000 in a low-tax county, this property is a rare find. Whether you’re looking to invest, supplement your mortgage with rental income, or build long-term wealth, 4027 Dwight Ave delivers.

Listed By CRMLS_CA / Caleb Hanson / KELLER WILLIAMS REALTY COLLEGE PARK / 626-328-4199

Last checked: Checking… • Last updated Apr 14, 2025 •

MLS# CV25063737 —

This property is listed in more than one place. See it here, and here, and here.

The Building

Year Built:

1943
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Vinyl Siding
Building Area Total:

1273.00
Building Area Units:

Square Feet
Total Number Of Units:

2
# of Buildings:

2
Architectural Style:

Bungalow
Roof:

Composition, Shingle
Foundation:

Raised
Stories Total:

1
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

2
# of Separate Water Meters:

1
# of Separate Electric Meters:

2

Interior

Features:

Granite Counters
Levels:

One
Entry Location:

Front Door
Window Features:

Double Pane Windows
Flooring:

Tile
Room Type:

All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
Number Wall AC:

2
Fireplace:

No
Fireplace:

None
Laundry:

Electric Dryer Hookup, In Garage, Washer Hookup
Laundry:

1

Location

Directions:

From CA-91 W. Take exit 64 for Mission Inn Ave toward Downtown. Turn left onto Mission Inn Avenue. Turn right onto Comer Ave. Turn left onto University Ave, Pass by McDonald's on the right. Turn right onto Dwight Ave. Destination will be on the right
Latitude:

33.97339900
Longitude:

-117.35417500

The Property

Property Type:

Residential Income
Subtype:

Duplex
Property Condition:

Turnkey
Zoning:

R2
Lot Features:

Back Yard, Front Yard, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinkler System, Yard
Lot Size Area:

6098.0000
Lot Size Acres:

0.1400
Lot Size SqFt:

6098.00
Lot Size Source:

Assessor
View:

1
View:

Mountain(s)
Fencing:

Wood
Fence:

Yes
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Other Structures:

Two On A Lot
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

305.01
Tax Tract:

Unv...
Tax Lot:

67

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

221051030

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Electricity - On Property
Water Source:

Public

Appliances

Appliances:

Gas Range, Gas Water Heater, Range Hood, Water Heater Central
Included:

Yes

The Community

Features:

Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Special Assessments

Parking

Parking:

Yes
Parking:

Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, No Driveway, RV Access/Parking
Parking Spaces:

2.00
Garage Spaces:

2.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
4/14/25 Apr 14, 2025	Relisted	CRMLS_CA	$595,000
4/4/25 Apr 4, 2025	Pending	CRMLS_CA	$595,000
4/4/25 Apr 4, 2025	Sold Subject To Contingencies	CRMLS_CA	$595,000

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This multifamily located in East Riverside, Riverside, CA 92507 is currently for sale for $595,000. 4027 Dwight Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 27 days. 4027 Dwight Avenue is in the East Riverside neighborhood of Riverside and has a WalkScore® of 79, making it very walkable. This multifamily is in the attendance area of Gage Middle School, Pachappa Elementary School, and Poly High School.

Listing Courtesy of: CRMLS_CA and KELLER WILLIAMS REALTY COLLEGE PARK. Based on information from California Regional Multiple Listing Service, Inc. as of 17:56 on Apr 22.

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.