$3,595,000
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4561 Main Street, Riverside, CA 92501

 Contact
- Beds
0 Baths
9,200 Sq Ft
Listing By: Oscar Diaz - Marcus & Millichap camrmls-p Realty.com

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.

  • MLS# 26829247
  • Date Listed05/04/2026
  • Days on Realty 31 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 0.79 acres (34,412 sq. ft)
  • County Riverside
  • Year Built 1950
  • Square Feet 9,200 sq. ft
  • Price Per Sq. Ft $390.76

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.79
  • Lot Size SQFT 34,412.00
  • Lot Features -

Directions

To reach Main Street, Riverside from the I-91 and I-215 junction, take CA 91 West toward Downtown Riverside. Exit at Main Street, turn left, and continue south for a few blocks. The property will be on your right.

Financial Considerations

Schools near 92501

Explore the local neighborhood highlights and top-rated schools near 92501 in Riverside, CA.

Nearby Schools

Source: School Digger

Riverside County Community School

Public • 1 - 12 • Serves this home

0.55 mi

Distance

Preschool Grasp

Public • PK - PK

0.55 mi

Distance

Magnolia Elementary School

Public • PK - 6

1.62 mi

Distance

Pachappa Elementary School

Public • PK - 6

1.62 mi

Distance

Longfellow Elementary School

Public • PK - 6

1.76 mi

Distance

Victoria Elementary School

Public • PK - 6

2.39 mi

Distance

Emerson Elementary School

Public • PK - 6

2.51 mi

Distance

Patricia Beatty Elementary School

Public • PK - 6

2.74 mi

Distance

Alcott Elementary School

Public • PK - 6

2.91 mi

Distance

Fremont Elementary School

Public • PK - 6

3.1 mi

Distance

Central Middle School

Public • 7 - 8 • Serves this home

0.35 mi

Distance

Educational Options Center

Public • 7 - 12

2.92 mi

Distance

Flabob Airport Preparatory Academy

Public • 6 - 12

2.98 mi

Distance

Mathew Gage Middle School

Public • 7 - 8

3.39 mi

Distance

Sierra Middle School

Public • 7 - 8

3.46 mi

Distance

University Heights Middle School

Public • 7 - 8

3.69 mi

Distance

Mission Middle School

Public • 7 - 8

4.24 mi

Distance

Riverside Stem Academy

Public • 5 - 12

5.82 mi

Distance

Chemawa Middle School

Public • 7 - 8

6.06 mi

Distance

Terrace Hills Middle School

Public • 7 - 8

8.08 mi

Distance

Gateway College And Career Academy

Public • 9 - 12 • Serves this home

0.35 mi

Distance

Riverside County Youthbuild

Public • 10 - 13

0.55 mi

Distance

Abraham Lincoln Continuation High School

Public • 10 - 12

0.91 mi

Distance

Polytechnic High School

Public • 9 - 12

2.53 mi

Distance

John W. North High School

Public • 9 - 12

2.56 mi

Distance

Raincross High (continuation) School

Public • 9 - 12

3.39 mi

Distance

Ramona High School

Public • 9 - 12

4.22 mi

Distance

Rubidoux High School

Public • 9 - 12

4.92 mi

Distance

Grand Terrace High School

Public • 9 - 12

6.21 mi

Distance

Nueva Vista Continuation High School

Public • 10 - 12

6.22 mi

Distance

Allegiant Christian School

Private • KG - 12

2.39 mi

Distance

Notre Dame High School

Private • 09 - 12

2.92 mi

Distance

Bright Futures Academy, Riverside

Private • KG - UG

8.57 mi

Distance

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for 92501

Discover key demographics, population statistics, and environmental insights for the Riverside, CA area.

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 92501

Source: Walk Score

27/100

Car-Dependent

Walk Score ®

44/100

Some Transit

Transit Score ®

31/100

Bikable

Bike Score ®

Overview

Most errands require a car. A few nearby public transportation options. Minimal bike infrastructure.

Transit Summary

14 nearby routes: 11 bus, 3 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 21/100, Bike Score: 40/100.

Points of Interest near 4561 Main Street, Riverside, CA 92501

Frequently Asked Questions for 4561 Main Street

Source: Realty.com

4561 Main Street, Riverside, CA 92501 in Riverside, CA 92501 is a residential income listed at $3,595,000. Highlights include 9,200 sq. ft., built in 1950, 0.79 acre lot, $391 per sq. ft.. Realty.com has 8 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 8 photos of 4561 Main Street.

Our records indicate that 4561 Main Street was built in 1950.

The full address for this home is 4561 Main Street, Riverside, CA 92501.

4561 Main Street has been listed on Realty.com since Mon May 04, 2026

Most errands require a car. A few nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 33/100, Transit Score: 21/100, Bike Score: 40/100.

There are 3 schools assigned to this home. Check out the schools near 4561 Main Street. Riverside County Community School (Grades: 1 - 12), Central Middle School (Grades: 7 - 8), Gateway College And Career Academy (Grades: 9 - 12)

Listing provided courtesy of: Marcus & Millichap (tel: 310-909-5500)
Listing agent: Oscar Diaz (tel: 213-999-2124) (#CLW-C137355)

This content last refreshed on 2026-06-04 00:43:40. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.