Sold
Last Sold Price
5 beds4 baths2,600 sqft
1162 Fountain St, Riverside, CA 92507
Multi FamilyProperty Type
0.18 acresLot Size
1968Year Built
$173/sq ftPrice per sq ft
4 carsParking Spaces

Description

4 units Complex for Sale. Very attractive unit mix with 1 unit – 2 Bedroom/1 Bath and 3 units – 1 Bedroom/1 Bath. This is an extremely rare investment offers Over 6% CAP Rate. Great cash flow. Amazing upside potential with all units individually metered for electricity and gas. Great additional carport parking in the back of the building. Property does have septic tank system and it was upgraded in 2015. The property is located 3 miles from University California of Riverside (UCR) while also only...4 units Complex for Sale. Very attractive unit mix with 1 unit – 2 Bedroom/1 Bath and 3 units – 1 Bedroom/1 Bath. This is an extremely rare investment offers Over 6% CAP Rate. Great cash flow. Amazing upside potential with all units individually metered for electricity and gas. Great additional carport parking in the back of the building. Property does have septic tank system and it was upgraded in 2015. The property is located 3 miles from University California of Riverside (UCR) while also only less than a mile from the Grand Terrace High School. This excellent location is perfectly situated near the 215 & 60 FWY. Nestled off the 215 FWY in between the 10 & 60 FWY, this property is very commuter friendly. Just 3 miles from University California of Riverside, this is a highly desirable student rental area.
  • Listed by: Kevin Lee DRE #01720786 Brokerage DRE #01201689 • Coldwell Banker George Realty
  • Listed by: Peggy Hsiao DRE #01440448 Brokerage DRE #01121690 • Coldwell Banker George Realty
Listing closed: 11/15/2018 12:00 AM • Source: CRMLS, MLS#: TR18250969

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Recent comparable sales

Median sold price

$765,229

Avg days on market

55

Sale-to-list ratio

95.3%

Riverside, CA

9 comparable properties found

$760,000 | 2789 Fairmount Boulevard, Riverside, CA 92501
1

$760,000

Sold 11/17/25

5
Bedrooms
4
Bathrooms
2,400
Square Feet
0.2
Acres
a front view of a house with a garage
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Bedrooms
2,383
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a front view of a house with a yard
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Sold 11/06/25

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$773,000 | 7048 Orange Tree Lane, Riverside, CA 92507
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Sold 10/29/24

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$789,000 | 20455 Canaan Circle, Riverside, CA 92507
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$480,000 | 648 Coves Pointe Drive, Riverside, AL 35135
1/66
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$810,000 | 560 Keown Court, Riverside, CA 92507
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Sold 10/17/25

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a front view of a house with a yard and garage
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Sold 05/28/25

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Location

Listing Courtesy of Coldwell Banker George Realty, Kevin Lee, DRE #01720786; Coldwell Banker George Realty, Peggy Hsiao, DRE #01440448

Sold By PAMA MANAGEMENT, INC., CHRISTOPHER DUMAYAS, DRE #01954052

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Property Taxes

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Property Information for 1162 Fountain Street

Property Details
  • MLS Type: Residential Income
  • Parking Spaces Total: 4
  • Private Pool: No
  • Total Units: 4.0
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 2600
  • Assessor Parcel Number: 247-091-049
  • 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: 2600
  • Building Area Units: Square Feet
  • Pool: No
  • Association: No
  • Association Fee: $.00
  • Zoning: R-2
  • Senior Community: No
  • Parcel Number: 247091049
  • Area: Riverside (252)
  • Directions: Pacific Avenue
Building Information
  • Stories: 1
  • Year Built: 1968
  • Lot Size: 0.18 AC / 7,928 SF
Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $37,200
  • Gross Scheduled Income: $37,200
  • Vacancy Allowance: 1116
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $36,084
  • Net Operating Income: $27,083
  • Gross Multiplier: 13.04
  • Cap Rate: 5.59
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $9,001
  • New Taxes Expense: $5,456
  • Fuel Expense: $0
  • Electric Expense: $304
  • Insurance Expense: $1,034
  • Maintenance Expense: $1,222
  • Trash Expense: $375
  • Water Sewer Expense: $610
  • Total Expenses: $9,001
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 423.00
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Tile
  • Flooring: Tile
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Cul-De-Sac
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Sewer: Conventional Septic
  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport Attached
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
  • Parking Features: Attached Carport
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $750
  • Unit Type Total Rent: $750
  • Unit Type Pro Forma: 950
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $750
  • Unit Type Total Rent: $750
  • Unit Type Pro Forma: 950
  • Unit Type Type: 2
Unit 3
  • 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: $800
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 1150
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $800
  • Unit Type Total Rent: $800
  • Unit Type Pro Forma: 950
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1162 Fountain Street

DateEvent & SourcePriceAppreciation
Nov 15, 2018

Sold

CLAW #TR18250969MR

$450,000
Nov 15, 2018

Sold

CRMLS #TR18250969

$450,000
Nov 12, 2018

Sold (Public Record)

Public Record #634422846

$450,000

+9.7% / yr

DateEvent & SourcePrice
11/15/2018

Sold

CLAW #TR18250969MR

$450,000
11/15/2018

Sold

CRMLS #TR18250969

$450,000
11/12/2018

Sold (Public Record)

Public Record #634422846

$450,000

+9.7% / yr

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

Public Records for 1162 Fountain Street

Taxable ValueLand$170,671Additions$341,347Total$512,018
Tax Record2025$5,716 ($476 / month)
Home Facts
Total Finished SqFt2,602 SqFtAbove Grade Finished SqFt2,602 SqFtStories1Lot Size7,841 SqFtStyleQuadraplexYear Built1964Year Renovated1964ZoningR3CountyRIVERSIDEAPN247-091-049

Schools near 1162 Fountain Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Highgrove Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

REACH Leadership STEAM Academy
CharterK to 6

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1162 Fountain Street, Riverside, CA 92507
$450,000
5
4
2,600
7,928
$220,000
2,806
8,276
$570,000
5
4
2,600
8,156
$385,000
2
1,032
8,276
2
1
720
5,227
$65,000
2
730
7,405

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 Coldwell Banker George Realty, Kevin Lee, DRE #01720786; Coldwell Banker George Realty, Peggy Hsiao, DRE #01440448

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.