We are pleased to present a four-unit multifamily investment located in the University submarket of Riverside, California. This offering presents the opportunity for investors to acquire a well-maintained building in one of the most desirable submarkets in the Inland Empire. The subject property consists of one hundred percent, townhouse style 2BR/1.5BA units with over 1,000 square feet of living space. Amenities include fireplaces, garages, enclosed patios, on-site laundry, and a gated community pool available for tenants. Upgrades include but not limited to: Complete rebuild for garages, thorough exterior wood trim, new exterior fascia boards, new paint for entire building, tree trimming, new carpets in units A, B & C, and a certified lead inspection. The Home Owner Association (HOA) within the community is responsible for trash, and the upkeep and maintenance of the pool and landscape of the common areas. There is always an overwhelming demand for rentals in the area, as it caters to the student population as well as to families and working professionals alike. With favorable terms currently available, upside potential, and the high demand for this submarket area, the subject property presents investors a rare opportunity to acquire a multi-family asset in a prime location which can be converted to student housing at much higher rental rates in the near future.
- MLS# CV18251282
- Date Listed10/19/2018
- Bedrooms -
- Bathrooms
- Lot Size 0.15 acres (6,529 sq. ft)
- Sewer Public Sewer
- Property Type
- County Riverside
- Year Built 1964
- Water Public
- Square Feet 4,200 sq. ft
- Price Per Sq. Ft $166.67
Exterior / Lot Features
- Roof -
- Lot Size Acres 0.15
- Lot Size SQFT 6,529.00
- Lot Features -
Directions
Elgin Drive
Financial Considerations
- HOA Fee $400 Monthly
Schools near 92507
Explore the local neighborhood highlights and top-rated schools near 92507 in Riverside, CA.
Nearby Schools
Source: School Digger
Public • PK - 6 • Serves this home
0.49 mi
Distance
University Heights Middle School
Public • 7 - 8 • Serves this home
0.82 mi
Distance
Public • 9 - 12 • Serves this home
1.59 mi
Distance
Public • PK - 6 • Serves this home
0.49 mi
Distance
Public • PK - 6
0.86 mi
Distance
Public • PK - 6
2.14 mi
Distance
Public • PK - 6
2.39 mi
Distance
Public • PK - 6
2.76 mi
Distance
Public • PK - 6
3.48 mi
Distance
Patricia Beatty Elementary School
Public • PK - 6
3.49 mi
Distance
Public • PK - PK
4.03 mi
Distance
Riverside County Community School
Public • 1 - 12
4.03 mi
Distance
Public • PK - 6
4.23 mi
Distance
University Heights Middle School
Public • 7 - 8 • Serves this home
0.82 mi
Distance
Public • 5 - 12
2.38 mi
Distance
Public • 7 - 8
4.28 mi
Distance
Public • 7 - 8
4.84 mi
Distance
Public • 7 - 8
6.04 mi
Distance
Public • 6 - 8
6.17 mi
Distance
Flabob Airport Preparatory Academy
Public • 6 - 12
6.51 mi
Distance
Public • 7 - 12
6.67 mi
Distance
Public • 7 - 8
7.39 mi
Distance
Garvey/allen Visual And Performing Arts Academy For Stem
Public • 5 - 8
8.32 mi
Distance
Public • 9 - 12 • Serves this home
1.59 mi
Distance
Public • 9 - 12
3.48 mi
Distance
Abraham Lincoln Continuation High School
Public • 10 - 12
3.52 mi
Distance
Public • 10 - 13
4.03 mi
Distance
Gateway College And Career Academy
Public • 9 - 12
4.28 mi
Distance
Public • 9 - 12
4.74 mi
Distance
Raincross High (continuation) School
Public • 9 - 12
6.04 mi
Distance
Public • 9 - 12
6.49 mi
Distance
Public • 9 - 12
7.92 mi
Distance
Public • 9 - 12
8.86 mi
Distance
Private • KG - 12
5.33 mi
Distance
Immanuel House Institute Of Higher Learning
Private • 09 - 12
6.26 mi
Distance
Private • 09 - 12
6.67 mi
Distance
Private • KG - 12
6.74 mi
Distance
Sales & Tax History
Source: Public Records
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 2225 Mt Vernon Avenue | Listing | 5 | 3 | Jun 26, 2026 | $525,000 | Feb 23, 2024 | $698,250 |
| 2675 Sugarloaf Drive | 3 | 2 | Jun 25, 2026 | $365,000 | Jul 12, 2026 | - |
| 847 Kentwood Drive | 4 | 3 | Jun 24, 2026 | $448,000 | Jul 12, 2026 | - |
| 545 Highlander Drive | 4 | 2 | Jun 27, 2026 | $349,900 | Jul 12, 2026 | - |
| 3077 Wendell Way | 3 | 2 | Jun 25, 2026 | $350,000 | Jul 12, 2026 | - |
| 335 Spruce Street | Listing | 5 | 2 | Jun 26, 2026 | $390,000 | Feb 23, 2024 | $692,213 |
| 805 Kentwood Drive | Listing | 4 | 3 | Jun 25, 2026 | $330,000 | Feb 23, 2024 | $652,250 |
| 516 Alta Mesa Drive | 3 | 2 | Jun 27, 2026 | $369,900 | Jul 12, 2026 | - |
| 262 Newell Drive | Listing | 4 | 3 | Jun 26, 2026 | $470,000 | Feb 23, 2024 | $665,250 |
| 2539 Thayer Court | Listing | 5 | 2 | Jun 26, 2026 | $455,000 | Feb 23, 2024 | $657,750 |
Local Neighborhood Highlights for 92507
Discover key demographics, population statistics, and environmental insights for the Riverside, CA area.
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 63,864 | 324,101 | 2,509,689 | 335,858,263 |
| Population Density | 2,995 | 3,992 | 348 | 95 |
| People per Household | 2.9 | 3.2 | 3.2 | 2.6 |
| Median Age | 29.3 | 33.8 | 36.3 | 39.1 |
| Median Income | $58,564 | $71,599 | $70,543 | $66,222 |
| Average Income | $23,905 | $27,391 | $29,227 | $35,475 |
| Cost of Living Index | 109 | 127 | 126 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 42°F | 42.7°F | 38.4°F | 22.6°F |
| July Avg. High Temp | 93.5°F | 94.1°F | 97.8°F | 86.2°F |
| Annual Precipitation | 10.67" | 10.22" | 12.55" | 38" |
33/100
Car-Dependent
Walk Score ®
34/100
Some Transit
Transit Score ®
77/100
Very Bikeable
Bike Score ®
Overview
Most errands require a car. A few nearby public transportation options. Biking is convenient for most trips.
Transit Summary
6 nearby routes: 5 bus, 1 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 17/100, Bike Score: 32/100.
Property Change History
View Changes
Previous Description:
Updated Description:
Points of Interest near 3030 Elgin Drive, Riverside, CA 92507
0.23 mi
Distance
0.24 mi
Distance
0.24 mi
Distance
0.24 mi
Distance
0.24 mi
Distance
0.25 mi
Distance
0.25 mi
Distance
0.25 mi
Distance
0.25 mi
Distance
739 ft
Distance
0.24 mi
Distance
0.24 mi
Distance
317 ft
Distance
370 ft
Distance
370 ft
Distance
422 ft
Distance
528 ft
Distance
581 ft
Distance
634 ft
Distance
686 ft
Distance
686 ft
Distance
0.24 mi
Distance
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Frequently Asked Questions for 3030 Elgin Drive
Source: Realty.com
3030 Elgin Drive, Riverside, CA 92507 in Riverside, CA 92507 is a residential income listed at $700,000. Highlights include 4,200 sq. ft., built in 1964, 0.15 acre lot, $167 per sq. ft., HOA fee $400 Monthly. Realty.com has 3 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 3 photos of 3030 Elgin Drive.
Our records indicate that 3030 Elgin Drive was built in 1964.
The full address for this home is 3030 Elgin Drive, Riverside, CA 92507.
3030 Elgin Drive has been listed on Realty.com since Fri October 19, 2018
Most errands require a car. A few nearby public transportation options. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 24/100, Transit Score: 17/100, Bike Score: 32/100.
There are 3 schools assigned to this home. Check out the schools near 3030 Elgin Drive. Highland Elementary School (Grades: PK - 6), University Heights Middle School (Grades: 7 - 8), John W. North High School (Grades: 9 - 12)
Listing provided courtesy of:
Realty One Group West
(tel: 909-694-0160)
Listing agent:
Sean Hwangbo
(tel: 626-679-7947)
(#CV38612)
This content last refreshed on 2026-07-12 10:08:33. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.