Active
2 beds8 baths4,200 sqft
3080 Elgin Dr, Riverside, CA 92507
Est: $6,095/moGet pre-approved
Multi FamilyProperty Type
0.15 acresLot Size
1964Year Built
$245/sq ftPrice per sq ft
$550/moHOA Fees
8 carsParking Spaces

Description

We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside's University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private...We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside's University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,600 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a growing student population and convenient regional connectivity via I-215, SR-60 and SR-91, supporting rental demand from students, families and working professionals alike.
Days on Market Listed Today
  • Listed by: Sean Hwangbo DRE #01945497 Brokerage DRE #01886242 • TNG REAL ESTATE CONSULTANTS 6266797947
Last updated: 09/18/2026 05:07 AM • Source: CRMLS, MLS#: CV26204711

Location

Listing Courtesy of TNG REAL ESTATE CONSULTANTS, Sean Hwangbo, DRE #01945497
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$6,095 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,323

Property Taxes

$222

HOA Dues

$550

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Property Information for 3080 Elgin Drive

Property Details
  • MLS Type: Residential Income / Res Income 2-4 Units
  • Parking Spaces Total: 8
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 4.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 4200
  • Assessor Parcel Number: 250-121-012
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area: 1050
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 4200
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Fireplace: Yes
  • Pool: Yes
  • Association: Yes
  • Association Fee: $550.00
  • Association Fee Frequency: Monthly
  • Zoning: R3
  • Senior Community: No
  • Parcel Number: 250121012
  • Area: Riverside (252)
  • Directions: Canyon Crest Drive to Elgin Drive
Building Information
  • Building/Complex: University Townhomes
  • Stories: 2
  • Year Built: 1964
Rental Info
Rental Info
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $69,600
  • Gross Scheduled Income: $69,600
  • Net Operating Income: $41,457
Expense Details
  • Operating Expense: $27,255
  • New Taxes Expense: $11,608
  • Fuel Expense: $1
  • Electric Expense: $1
  • Insurance Expense: $3,137
  • Other Expense Description: Inquire
  • Trash Expense: $1
  • Water Sewer Expense: $1
  • Total Expenses: $27,255
Tax / Assessment Info
  • Tax Tract Number: 2602
  • Tax Census Tract: 422.10
  • CFD/Mello-Roos Fee: $179
  • Tax Lot: 8
Community / Development
Community / Development
  • Association Amenities: Maintenance Front Yard, Pool, Barbecue, Clubhouse, Maintenance Grounds
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Sidewalks
  • Complex Name: University Townhomes
  • Association Name: University Townhomes
  • Association Phone: 7602667100
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room, Outside
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Entry Location: 1
  • Pool Features: Community
  • Pool: Community/Common
  • Pool Heat: Community/Common
Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,800
  • Unit Type Total Rent: $5,800
  • Unit Type Pro Forma: 9500
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 3080 Elgin Drive

DateEvent & SourcePriceAppreciation
Sep 18, 2026

Listed (Active)

CLAW #CV26204711MR

$1,030,000
Sep 18, 2026

Listed (Active)

SDMLS #CV26204711

$1,030,000
Sep 18, 2026

Listed (Active)

CRMLS #CV26204711

$1,030,000
DateEvent & SourcePrice
09/18/2026

Listed (Active)

CLAW #CV26204711MR

$1,030,000
09/18/2026

Listed (Active)

SDMLS #CV26204711

$1,030,000
09/18/2026

Listed (Active)

CRMLS #CV26204711

$1,030,000

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

Public Records for 3080 Elgin Drive

Taxable ValueLand$78,155Additions$149,819Total$227,974
Tax Record2025$2,659 ($222 / month)
Home Facts
Total Finished SqFt4,200 SqFtAbove Grade Finished SqFt4,200 SqFtStories2Lot Size8,276 SqFtStyleMulti-Family Res (5+ Units)Year Built1965Year Renovated1965ZoningR3CountyRIVERSIDEAPN250-121-011

Schools near 3080 Elgin Drive

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
Highland 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.

Similar Homes

3080 Elgin Drive is a multi-family home for sale in Riverside, CA 92507. This property was listed for sale on September 18, 2026 by TNG REAL ESTATE CONSULTANTS, it's currently listed at $1,030,000. This listing's school district is Riverside Unified School District. Nearby schools include Highland Elementary School, University Heights Middle School and John W. North High School. 3080 Elgin Drive is a 2-bed, 8-bath, 4,200 sqft multi-family home built in 1964.

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 TNG REAL ESTATE CONSULTANTS, Sean Hwangbo, DRE #01945497

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.