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.
Last checked:
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Last updated Mar 29, 2025
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MLS# AR25048685 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1978
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:3784.00
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Building Area Units:Square Feet
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Total Number Of Units:4
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# of Buildings:1
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Architectural Style:See Remarks
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Roof:Composition
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Foundation:Slab
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Stories Total:2
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Entry Level:1
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Accessibility Features:See Remarks
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:4
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# of Separate Electric Meters:4
Interior
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Features:Unfurnished
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Levels:Two
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Entry Location:1
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Flooring:See Remarks
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Room Type:All Bedrooms Down
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Fireplace:No
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Fireplace:None
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Laundry:Community, See Remarks
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Laundry:1
Location
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Directions:Head south on Van Buren. Then head east on Jackson, then a left on Colony Pl.
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Latitude:33.94300200
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Longitude:-117.45213400
The Property
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Property Type:Residential Income
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Subtype:Quadruplex
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Property Condition:Turnkey
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Zoning:R3
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Lot Features:Back Yard, Cul-De-Sac, Rectangular Lot
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Lot Size Area:9583.0000
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Lot Size Acres:0.2200
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Lot Size SqFt:9583.00
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Lot Size Source:Assessor
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View:None
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Fencing:Wood
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Fence:Yes
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:315.04
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Tax Tract:8330
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Tax Lot:4
The Listing
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Special Listing Conditions:Standard
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Parcel Number:191071007
Heating & Cooling
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Heating:None
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Cooling:Yes
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Cooling:Central Air
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Gas Oven, Refrigerator
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Included:Yes
The Community
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Features:Sidewalks, 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:No
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Assessments:None
Parking
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Parking:Yes
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Parking:Paved, On Site, Parking Space, Private, Uncovered
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Parking Spaces:8.00
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Uncovered Spaces:8.00
Extra Units
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Average 2 Bed Area:946
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 |
---|---|---|---|---|
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 | ||
12/22/23
Dec 22, 2023
|
Pending | CRMLS_CA |