421 Devener St
Description
on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings...Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings built in 1966 with 5,712 rentable square feet
on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated. The asset presents a value-add opportunity, with the ability to enhance cash flow through rent growth. Additionally, qualified buyers may benefit from the potential availability of 30-year fixed-rate financing, a significant advantage for investors seeking stable, long-term returns on small-balance multifamily assets. Riverside offers a strong and affordable investment backdrop anchored by steady job growth and a diversified employment base. The city is home to University of California, Riverside and benefits from a large public-sector presence tied to Riverside County, healthcare, education, and logistics. Compared to coastal Southern California markets, Riverside remains relatively affordable, supporting continued in-migration and sustained renter demand. Residents enjoy a robust lifestyle and amenity base, including the historic Mission Inn Hotel & Spa, the Fox Performing Arts Center, and outdoor attractions such as California Citrus State Historic Park. With a population of approximately 323,700 and a median household income near $88,600, Riverside’s demographic and economic fundamentals continue to support long-term multifamily ownership. Overall, 421–427 Devener Street represents an attractive opportunity to acquire a centrally located apartment building in Southern California’s most resilient and investor-friendly inland markets.
- Listed by Douglas McCauley • DRE #CV35308 • Brokerage DRE #00530854 • MARCUS & MILLICHAP • 626-695-6776
- Listed by David Covarrubias • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP
Property Details for 421 Devener Street
Property Details for 421 Devener Street
| Status | Active |
|---|---|
| MLS # | CV26019708 |
| Days on Market | 1 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Res Income 2-4 Units |
| Year Built | 1966 |
| County | Riverside County |
Location
Building Information for 421 Devener Street
Payment Calculator
$9,269 per month
30 year fixed, 6.15% Interest
$8,773
$496
$0
Property Information for 421 Devener Street
- Tenant Pays: Electricity, Gas
- Gross Income: $161,016
- Gross Scheduled Income: $161,016
- Vacancy Allowance Rate: 3
- Net Operating Income: $107,220
- Other Income Description: Late Fees & Laundry Income
- Other Income 1: $2,215
- Operating Expense: $51,181
- New Taxes Expense: $20,119
- Gardener Expense: $1,800
- Fuel Expense: $438
- Licenses Expense: $1,066
- Electric Expense: $145
- Insurance Expense: $8,000
- Maintenance Expense: $8,100
- Professional Management Expense: $0
- Trash Expense: $6,728
- Water Sewer Expense: $3,285
- Total Expenses: $51,181
- Tax Tract Number: 423.00
- CFD/Mello-Roos Fee: $145
- Tax Lot: 14
- Community Features: Curbs, Sidewalks
- Laundry: Yes
- Laundry Features: Community
- Heating Type: None
- Heating: None
- Heat Equipment: N/K
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Pool Heat: N/K
- Lot Features: Rectangular Lot
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Septic Type Unknown
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Uncovered Spaces: 11
- Open Other Spaces Total: 11
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: On Site
- Residential Styles: Res Income 2-4 Units
- 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: $1,450
- Unit Type Total Rent: $1,450
- Unit Type Pro Forma: 1558
- Unit Type Type: 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: $1,495
- Unit Type Total Rent: $1,495
- Unit Type Pro Forma: 1607
- Unit Type Type: 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: $1,511
- Unit Type Total Rent: $1,511
- Unit Type Pro Forma: 1624
- Unit Type Type: 3
- 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: $1,595
- Unit Type Total Rent: $1,595
- Unit Type Pro Forma: 1714
- Unit Type Type: 4
- 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: $1,722
- Unit Type Total Rent: $1,722
- Unit Type Pro Forma: 1851
- Unit Type Type: 5
- 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: $1,795
- Unit Type Total Rent: $1,795
- Unit Type Pro Forma: 1851
- Unit Type Type: 6
- 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: $1,850
- Unit Type Total Rent: $1,850
- Unit Type Pro Forma: 1988
- Unit Type Type: 7
- 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: $2,000
- Unit Type Total Rent: $2,000
- Unit Type Pro Forma: 2150
- Unit Type Type: 8
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 1
Property History for 421 Devener Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 28, 2026 | Listed (Active) CRMLS #CV26019708 | $1,800,000 | — |
| Jan 26, 2026 | Listed (Active) SDMLS #CV26019708 | $1,800,000 | — |
| Jan 26, 2026 | Listed (Active) CLAW #CV26019708MR | $1,800,000 | — |
| Oct 24, 2017 | Sold CRMLS #PW17183873 | $460,000 | — |
| Oct 24, 2017 | Sold SDMLS #PW17183873 | $460,000 | — |
| Oct 24, 2017 | Sold SDMLS #PW17183991 | $960,000 | — |
| Oct 24, 2017 | Sold CLAW #PW17183873MR | $460,000 | — |
| Oct 24, 2017 | Sold CLAW #PW17183991MR | $960,000 | — |
| Oct 24, 2017 | Sold CRMLS #PW17183873 | $460,000 | — |
| Oct 24, 2017 | Sold CRMLS #PW17183991 | $960,000 | — |
| Oct 10, 2017 | Sold (Public Record) Public Record #607745487 | $460,000 | — |
| Oct 10, 2017 | Sold (Public Record) Public Record #607745487 | $460,000 | +0.5% / yr |
| Aug 18, 2017 | Pending CRMLS #PW17183873 | — | |
| Aug 18, 2017 | Pending CRMLS #PW17183873 | — | |
| Aug 18, 2017 | Pending CRMLS #PW17183991 | — | |
| Aug 18, 2017 | Pending CLAW #PW17183873MR | — | |
| Aug 18, 2017 | Pending CLAW #PW17183991MR | — | |
| Aug 9, 2017 | Listed (Active) CRMLS #PW17183873 | $450,000 | — |
| Aug 9, 2017 | Listed (Active) CLAW #PW17183873MR | $450,000 | — |
| Aug 9, 2017 | Listed (Active) CRMLS #PW17183991 | $920,000 | — |
| Aug 9, 2017 | Listed (Active) SDMLS #PW17183873 | $450,000 | — |
| Aug 9, 2017 | Listed (Active) SDMLS #PW17183991 | $920,000 | — |
| Aug 9, 2017 | Listed (Active) CRMLS #PW17183873 | $450,000 | — |
| Aug 9, 2017 | Listed (Active) CLAW #PW17183991MR | $920,000 | — |
| Jun 16, 2017 | Expired CRMLS #PW16130101 | $450,000 | — |
| Jun 15, 2017 | Expired SDMLS #PW16130101 | — | |
| Jun 15, 2017 | Expired CLAW #PW16130101MR | — | |
| Nov 28, 2016 | Price Change CRMLS #PW16130101 | $450,000 | — |
| Jul 10, 2016 | Price Change CRMLS #PW16130101 | $475,000 | — |
| Jun 15, 2016 | Listed (Active) CLAW #PW16130101MR | $510,000 | — |
| Jun 15, 2016 | Listed (Active) SDMLS #PW16130101 | $510,000 | — |
| Jun 15, 2016 | Listed (Active) CRMLS #PW16130101 | $510,000 | — |
| May 8, 2006 | Sold (Public Record) Public Record #196076112 | $435,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/28/2026 | Listed (Active) CRMLS #CV26019708 | $1,800,000 |
| 01/26/2026 | Listed (Active) SDMLS #CV26019708 | $1,800,000 |
| 01/26/2026 | Listed (Active) CLAW #CV26019708MR | $1,800,000 |
| 10/24/2017 | Sold CRMLS #PW17183873 | $460,000 |
| 10/24/2017 | Sold SDMLS #PW17183873 | $460,000 |
| 10/24/2017 | Sold SDMLS #PW17183991 | $960,000 |
| 10/24/2017 | Sold CLAW #PW17183873MR | $460,000 |
| 10/24/2017 | Sold CLAW #PW17183991MR | $960,000 |
| 10/24/2017 | Sold CRMLS #PW17183873 | $460,000 |
| 10/24/2017 | Sold CRMLS #PW17183991 | $960,000 |
| 10/10/2017 | Sold (Public Record) Public Record #607745487 | $460,000 |
| 10/10/2017 | Sold (Public Record) Public Record #607745487 | $460,000 +0.5% / yr |
| 08/18/2017 | Pending CRMLS #PW17183873 | — |
| 08/18/2017 | Pending CRMLS #PW17183873 | — |
| 08/18/2017 | Pending CRMLS #PW17183991 | — |
| 08/18/2017 | Pending CLAW #PW17183873MR | — |
| 08/18/2017 | Pending CLAW #PW17183991MR | — |
| 08/09/2017 | Listed (Active) CRMLS #PW17183873 | $450,000 |
| 08/09/2017 | Listed (Active) CLAW #PW17183873MR | $450,000 |
| 08/09/2017 | Listed (Active) CRMLS #PW17183991 | $920,000 |
| 08/09/2017 | Listed (Active) SDMLS #PW17183873 | $450,000 |
| 08/09/2017 | Listed (Active) SDMLS #PW17183991 | $920,000 |
| 08/09/2017 | Listed (Active) CRMLS #PW17183873 | $450,000 |
| 08/09/2017 | Listed (Active) CLAW #PW17183991MR | $920,000 |
| 06/16/2017 | Expired CRMLS #PW16130101 | $450,000 |
| 06/15/2017 | Expired SDMLS #PW16130101 | — |
| 06/15/2017 | Expired CLAW #PW16130101MR | — |
| 11/28/2016 | Price Change CRMLS #PW16130101 | $450,000 |
| 07/10/2016 | Price Change CRMLS #PW16130101 | $475,000 |
| 06/15/2016 | Listed (Active) CLAW #PW16130101MR | $510,000 |
| 06/15/2016 | Listed (Active) SDMLS #PW16130101 | $510,000 |
| 06/15/2016 | Listed (Active) CRMLS #PW16130101 | $510,000 |
| 05/08/2006 | Sold (Public Record) Public Record #196076112 | $435,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 421 Devener Street
Schools near 421 Devener Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Highgrove Elementary School PublicK to 6 | ||
University Heights Middle School Public7 to 8 | ||
John W. North High School Public9 to 12 | ||
Abraham Lincoln Continuation School 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.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Canyon Crest Homes for Sale
- Cridge Park Homes for Sale
- Downtown Riverside Homes for Sale
- East Riverside Homes for Sale
- Eastside Homes for Sale
- Edgemont Homes for Sale
- Heritage Square Historic District Homes for Sale
- Highgrove Homes for Sale
- Hunter Industrial Park Homes for Sale
- Magnolia Center Homes for Sale
- Mission Inn Historic District Homes for Sale
- North Riverside Homes for Sale
- Northside Homes for Sale
- Rancho Park Homes for Sale
- Twogood Orange Grove Homes for Sale
- Moreno Valley Homes for Sale
- Riverside Homes for Sale
- Grand Terrace Homes for Sale
- Colton Homes for Sale
- March Air Reserve Base Homes for Sale
- Loma Linda Homes for Sale
- Jurupa Valley Homes for Sale
- Rialto Homes for Sale
- San Bernardino Homes for Sale
- Bloomington Homes for Sale
- Bryn Mawr Homes for Sale
- Redlands Homes for Sale
- Fontana Homes for Sale
- Perris Homes for Sale
- Mira Loma Homes for Sale
- 92313 Homes for Sale
- 92324 Homes for Sale
- 92501 Homes for Sale
- 92506 Homes for Sale
- 92508 Homes for Sale
- 92521 Homes for Sale
- 92553 Homes for Sale
- 92557 Homes for Sale
- 92518 Homes for Sale
- 92504 Homes for Sale
- 92509 Homes for Sale
- 92354 Homes for Sale
- 92316 Homes for Sale
- 92408 Homes for Sale
- 92350 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of MARCUS & MILLICHAP, Douglas McCauley, DRE #CV35308; MARCUS & MILLICHAP, David Covarrubias, DRE #01941403
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.