$700,000
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3030 Elgin Drive, Riverside, CA 92507

- Beds
0 Baths
4,200 Sq Ft

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 -

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

Sales & Tax History

Source: Public Records

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

Walkability in CA / 92507

Source: Walk Score

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

Agent removed 1 photo from the listing
43 photos
Price Per Square Foot increased from $157.14 to $166.67
Property description updated with new details

Points of Interest near 3030 Elgin Drive, Riverside, CA 92507

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.