Active
4 beds2 baths1,638 sqft$443/sqft
10351 Wells Ave, Unit 1, Riverside, CA 92505
Est: $3,685/moGet pre-approved
Multi FamilyProperty Type
0.72 acresLot Size
1948Year Built
$443/sq ftPrice per sq ft
1 carParking Spaces

Description

Prime Riverside Investment Opportunity — Two Homes on an Expansive Lot! Exceptional investment opportunity in Riverside! Located at 10351 & 10353 Wells Avenue, this unique property features two separate homes on an impressive 31,363 sq. ft. lot, offering tremendous potential for investors and multi-generational living. The property currently provides existing rental income from two well-maintained units, while the expansive lot presents an exciting opportunity to explore the possibility of adding...Prime Riverside Investment Opportunity — Two Homes on an Expansive Lot! Exceptional investment opportunity in Riverside! Located at 10351 & 10353 Wells Avenue, this unique property features two separate homes on an impressive 31,363 sq. ft. lot, offering tremendous potential for investors and multi-generational living. The property currently provides existing rental income from two well-maintained units, while the expansive lot presents an exciting opportunity to explore the possibility of adding one or two additional units (Buyer to independently verify development/building potential, zoning, permits, and requirements with the City of Riverside). The front home offers a spacious and inviting living room with recessed lighting and a cozy fireplace, tile and laminate wood flooring, upgraded maple cabinetry, a mini-split HVAC system, pantry/utility room, one-car attached garage, and washer/dryer hookups. Enjoy your own private patio and yard—perfect for relaxing or entertaining family and friends. The rear unit also features upgraded maple cabinetry, washer and dryer hookups, a private yard, and a mini-split HVAC system. Both homes have been thoughtfully upgraded and are well cared for by the current tenants. Additional highlights include a roof replacement completed in 2022 and an abundance of parking, with plenty of room for multiple vehicles, trucks, RVs, recreational toys, and more. Conveniently located near freeways, Galleria Mall, shopping centers, restaurants, and everyday amenities, this property combines current income-producing potential with valuable future possibilities. Opportunities like this are hard to find! Whether you're looking to expand your investment portfolio, generate rental income, or take advantage of the property's substantial land and development potential, this Riverside property is worth a closer look. Don't miss this exceptional investment opportunity!
Days on Market Listed Today
  • Listed by: Micaela Gaxiola DRE #01345891 Brokerage DRE #01792182 • Re/Max Partners 951-212-0853
Last updated: 09/05/2026 06:19 AM • Source: CRMLS, MLS#: IG26190778

Location

Listing Courtesy of Re/Max Partners, Micaela Gaxiola, DRE #01345891
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$3,685 per month

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Property Information for 10351 Wells Avenue, Unit 1

Property Details
  • MLS Type: Residential Income
  • View: None
  • Parking Spaces Total: 1
  • Private Pool: No
  • Cooling Type: Electric, Wall/Window Unit(s)
  • Total Units: 2.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 1638
  • Assessor Parcel Number: 147-220-012
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 1638
  • Building Area Units: Square Feet
  • Stories Total: 1
  • Entry Level: 1
  • Fireplace: Yes
  • Pool: No
  • Spa: No
  • View: No
  • View: No
  • Association: No
  • Association Fee: $.00
  • Senior Community: No
  • Parcel Number: 147220012
  • Area: Riverside (252)
  • Directions: From the 91 Fwy., to Pierce, left on Pierce St., left on Wells Ave. to property.
Building Information
  • Stories: 1
  • Year Built: 1948
  • Lot Size: 0.72 AC / 31,363 SF
Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $36,720
  • Gross Operating Income: $36,720
  • Net Operating Income: $26,727
Expense Details
  • Operating Expense: $9,993
  • Gardener Expense: $1,500
  • Electric Expense: $0
  • Insurance Expense: $2,035
  • Other Expense: $5,858
  • Other Expense Description: Taxes
  • Trash Expense: $0
  • Water Sewer Expense: $600
  • Total Expenses: $9,993
Tax / Assessment Info
  • Tax Block: 9
  • Tax Tract Number: 1
  • Tax Lot: 9
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Appliances: Microwave, Refrigerator, Gas Range, Dishwasher
  • Equipment: Dishwasher, Gas Dryer Hookup, Microwave, Outside, Refrigerator, Washer Hookup
  • Interior Features: Ceiling Fan(s), Formica Counters
  • Room Type: Utility Room, Kitchen, Living Room
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup, Outside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Electric, Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Tile, Laminate
  • Flooring: Tile, Laminate
Exterior Features
  • Entry Location: 1
  • Fence: Yes
  • Fence: Chain Link
  • Fencing: Chain Link
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Electricity Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Driveway, Garage - 1 Car
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door, Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,310
  • Unit Type Total Rent: $1,310
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number Wall AC: 2

Property History for 10351 Wells Avenue, Unit 1

DateEvent & SourcePriceAppreciation
Sep 5, 2026

Listed (Active)

CRMLS #IG26190778

$725,000
Aug 19, 2026

Listed (Active)

CLAW #IG26190778MR

$725,000
DateEvent & SourcePrice
09/05/2026

Listed (Active)

CRMLS #IG26190778

$725,000
08/19/2026

Listed (Active)

CLAW #IG26190778MR

$725,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 10351 Wells Avenue, Unit 1

This home is within Alvord Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
La Granada Elementary School
PublicK to 5

Wells Middle School
Public6 to 8

Norte Vista High School
Public9 to 12

Mission View High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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10351 Wells Avenue, Unit 1 is a multi-family home for sale in Riverside, CA 92505. This property was listed for sale on August 19, 2026 by Re/Max Partners, it's currently listed at $725,000. This listing's school district is Alvord Unified School District. Nearby schools include La Granada Elementary School, Wells Middle School and Norte Vista High School. 10351 Wells Avenue, Unit 1 is a 4-bed, 2-bath, 1,638 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Partners, Micaela Gaxiola, DRE #01345891

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.