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.
Last checked:
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Last updated Mar 30, 2025
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MLS# CV25063737 —
This property is listed in more than one place. See it here, and here, and here.
The Building
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Year Built:1943
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Vinyl Siding
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Building Area Total:1273.00
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Building Area Units:Square Feet
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Total Number Of Units:2
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# of Buildings:2
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Architectural Style:Bungalow
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Roof:Composition, Shingle
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Foundation:Raised
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Stories Total:1
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Entry Level:1
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Common Walls:No Common Walls
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# of Separate Gas Meters:2
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# of Separate Water Meters:1
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# of Separate Electric Meters:2
Interior
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Features:Granite Counters
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Levels:One
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Entry Location:Front Door
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Window Features:Double Pane Windows
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Flooring:Tile
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Room Type:All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
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Number Wall AC:2
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Fireplace:No
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Fireplace:None
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Laundry:Electric Dryer Hookup, In Garage, Washer Hookup
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Laundry:1
Location
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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
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Latitude:33.97339900
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Longitude:-117.35417500
The Property
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Property Type:Residential Income
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Subtype:Duplex
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Property Condition:Turnkey
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Zoning:R2
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Lot Features:Back Yard, Front Yard, Rectangular Lot, Level, Near Public Transit, Park Nearby, Sprinkler System, Yard
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Lot Size Area:6098.0000
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Lot Size Acres:0.1400
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Lot Size SqFt:6098.00
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Lot Size Source:Assessor
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View:1
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View:Mountain(s)
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Fencing:Wood
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Fence:Yes
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Security Features:Carbon Monoxide Detector(s), Smoke Detector(s)
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Road Frontage:City Street
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Road Surface Type:Paved
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Additional Parcels:No
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Other Structures:Two On A Lot
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:305.01
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Tax Tract:Unv...
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Tax Lot:67
The Listing
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Special Listing Conditions:Standard
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Parcel Number:221051030
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Utilities:Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Electricity - On Property
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Water Source:Public
Appliances
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Appliances:Gas Range, Gas Water Heater, Range Hood, Water Heater Central
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Included:Yes
The Community
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Features:Curbs, Sidewalks, Storm Drains, Street Lights, Suburban
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking:Yes
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Parking:Garage, Garage Faces Rear, Garage - Single Door, Garage Door Opener, No Driveway, RV Access/Parking
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Parking Spaces:2.00
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Garage Spaces:2.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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3/26/25
Mar 26, 2025
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Listed / Active | CRMLS_CA | $595,000 | |
11/1/24
Nov 1, 2024
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Listed / Active | BRIDGE | ||
7/3/24
Jul 3, 2024
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Listed / Active | CRMLS_CA |