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9059 Colony Place

Riverside, CA 92503

– beds
– baths
– sqft
9,583 sqft lot
1978 build
– on site

Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.

Listed By CRMLS_CA / Douglas Lee / COMPASS / 650-279-1212

Last checked: Checking… • Last updated Apr 8, 2025 •

MLS# AR25048685 —

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

The Building

Year Built:

1978
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

3784.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Architectural Style:

See Remarks
Roof:

Composition
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Accessibility Features:

See Remarks
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

4
# of Separate Electric Meters:

4

Interior

Features:

Unfurnished
Levels:

Two
Entry Location:

1
Flooring:

See Remarks
Room Type:

All Bedrooms Down
Fireplace:

No
Fireplace:

None
Laundry:

Community, See Remarks
Laundry:

1

Location

Directions:

Head south on Van Buren. Then head east on Jackson, then a left on Colony Pl.
Latitude:

33.94300200
Longitude:

-117.45213400

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Turnkey
Zoning:

R3
Lot Features:

Back Yard, Cul-De-Sac, Rectangular Lot
Lot Size Area:

9583.0000
Lot Size Acres:

0.2200
Lot Size SqFt:

9583.00
Lot Size Source:

Assessor
View:

None
Fencing:

Wood
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

315.04
Tax Tract:

8330
Tax Lot:

4

The Listing

Virtual Tour
Virtual Tour
Special Listing Conditions:

Standard
Virtual Tour
Parcel Number:

191071007

Heating & Cooling

Heating:

None
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

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

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Oven, Refrigerator
Included:

Yes

The Community

Features:

Sidewalks, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Paved, On Site, Parking Space, Private, Uncovered
Parking Spaces:

8.00
Uncovered Spaces:

8.00

Extra Units

Average 2 Bed Area:

946

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	% Change
4/7/25 Apr 7, 2025	Price Changed	CRMLS_CA	$1,350,000	35.0%
3/25/25 Mar 25, 2025	Listed / Active	CRMLS_CA	$999,950	85.2% (10.3% / YR)
2/27/24 Feb 27, 2024	Sold	BRIDGE

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This multifamily located in Central Riverside, Riverside, CA 92503 is currently for sale for $1,350,000. 9059 Colony Place is a – square foot multifamily with – beds and – baths that has been on Estately for 31 days. 9059 Colony Place is in the Central Riverside neighborhood of Riverside and has a WalkScore® of 76, making it very walkable. This multifamily is in the attendance area of Ramona High School, Chemawa Middle School, and Jackson Elementary School.

Listing Courtesy of: CRMLS_CA and COMPASS. Based on information from California Regional Multiple Listing Service, Inc. as of 13:01 on Apr 25.

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.