4561 Main St

Riverside, CA 92501

$3,595,000
Price
6
Beds
5
Baths
9,200 Sq. Ft.
$391 / Sq. Ft.
9,200
Sq. Ft.
$391
per Sq. Ft.
Get preapproved with Rocket Mortgage1
New
New

Description

We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment ideally located near Downtown Riverside. Positioned just off Magnolia Avenue and 14th Street, the property sits within one of Riverside's most desirable neighborhoods, known for its historic character, cultural attractions, and consistent rental demand. The asset spans three contiguous parcels totaling approximately 34,412 square feet and features a unique configuration of five separate buildings. This layout provides...We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment ideally located near Downtown Riverside. Positioned just off Magnolia Avenue and 14th Street, the property sits within one of Riverside's most desirable neighborhoods, known for its historic character, cultural attractions, and consistent rental demand. The asset spans three contiguous parcels totaling approximately 34,412 square feet and features a unique configuration of five separate buildings. This layout provides enhanced privacy, open space, and a predominantly single-story design, creating a more residential environment compared to traditional apartment complexes. Its proximity to Riverside City College and major transportation corridors further strengthens its long-term tenant appeal. The property offers key amenities that support stable occupancy, including 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. Recent capital improvements such as newer roofs and well-maintained exterior areas contribute to reduced maintenance needs and tenant retention. Additional income potential is supported by stand-alone garages that can be leased for storage, along with two separate owner's rooms that may offer future conversion into additional garages or ADU units, subject to buyer verification. The unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio, catering to a broad tenant base including students, professionals, and families. The property is currently operating at a 6.12% cap rate and 11.11 GIM, providing strong in-place income with upside through gradual rent growth. Located within a highly accessible and tenant-oriented corridor, the property is within walking distance to Riverside City College and under ten minutes from UC Riverside. Nearby amenities include major retail centers, employment hubs, and notable destinations such as the Mission Inn, The Cheech Center, Mount Rubidoux, and the California Citrus State Historic Park. With convenient access to the 91 and 215 Freeways, the property benefits from strong regional connectivity.45454581 Main Street represents a rare opportunity to acquire a well-located, low-density asset with stable cash flow and long-term growth potential in one of Riverside's most supply-constrained markets.
  1. Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 4561 Main Street

Zoning
R3
Parcel Number
219031005
Total Units
14.0
Living Area
9200
Source Living Area
Assessor
Area
Riverside (252)
Vacancy Rate
0
Lot Size Area
34412
LISTING UPDATED: 05/04/2026 10:36 AM

Property Details for 4561 Main Street

StatusActive
MLS #26829247
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.79 AC / 34,412 SF
CountyRiverside County
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Location

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902
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Building Information for 4561 Main Street

Stories-Residences-Year Built1950Building Size-Lot Size0.79 AC / 34,412 SF

Payment Calculator

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$18,413 per month

30 year fixed, 6.46% Interest

Principal and Interest

$18,103

Property Taxes

$310

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 4561 Main Street

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: 0
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $313,756
  • Net Operating Income: $219,933.00
  • Gross Income: $313,756
  • Cap Rate: 6.12%
  • Gross Rent Multiplier: $11.11
  • Total Annual Expense: 93823
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.79
  • Lot Size Square Feet: 34412
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 25
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Other
  • Cooling Type: Other
  • Heating: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-04-2026
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,495.00
  • Unit Actual Rent: $1,495.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,720.00
  • Unit Actual Rent: $10,320.00
  • Unit Projected Rent: $1,895.00
  • Like Units: 6
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,041.00
  • Unit Actual Rent: $12,245.00
  • Unit Projected Rent: $2,195.00
  • Like Units: 6
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,895.00
  • Unit Actual Rent: $2,950.00
  • Unit Projected Rent: $2,895.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $187,740.00
  • Assessed Improvement Percent: 57.89
  • Assessed Land Value: $136,537.00
  • Assessed Land Percent: 42.11
  • Assessed Total Value: $324,277.00

Property History for 4561 Main Street

DateEvent & SourcePriceAppreciation
May 4, 2026

Listed (Active)

CLAW #26829247

$3,595,000—
May 4, 2026

Listed (Active)

CRMLS #26829247

$3,595,000—
DateEvent & SourcePrice
05/04/2026

Listed (Active)

CLAW #26829247

$3,595,000
05/04/2026

Listed (Active)

CRMLS #26829247

$3,595,000

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

Public Records for 4561 Main Street

Taxable ValueLand$136,537Additions$187,740Total$324,277
Tax Record2025$3,720 ($310 / month)
Home Facts
Total Finished SqFt1,608 SqFtAbove Grade Finished SqFt1,608 SqFtStories14Lot Size7,405 SqFtStyleMulti-Family Res (5+ Units)Year Built1950ZoningR3CountyRIVERSIDEAPN219-031-005

Schools near 4561 Main Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Pachappa Elementary School
Public - K to 6
Central Middle School
Public - 7 to 8
Polytechnic High School
Public - 9 to 12
Riverside Virtual School
Public - K to 12
Rating
School
Distance
Pachappa Elementary School
PublicK to 6

Central Middle School
Public7 to 8

Polytechnic High School
Public9 to 12

Riverside Virtual School
PublicK 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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More information about 4561 Main Street, Riverside, CA 92501

4561 Main Street is a multi-family home for sale in Riverside, CA 92501. This listing's school district is Riverside Unified School District. Nearby schools include Pachappa Elementary School, Central Middle School and Polytechnic High School. 4561 Main Street is a 6-bed, 5-bath, 9,200 sqft multi-family home built in 1950.

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, Oscar Diaz, DRE #02022902

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.