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$960,000
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Property Description
Now available, a well-maintained 4-unit multi-family property offering a solid investment opportunity in a desirable location. The unit mix includes two spacious single-level 2-Bedroom/1-Bath units and two 1-Bedroom/1-Bath units, totaling 2,600 square feet of rentable space on a 7,840 square foot lot. Each unit is separately metered for electricity and gas, while the owner pays for water and trash.
The property features updated electrical systems and tenant-friendly amenities including garage parking and an onsite laundry facility, enhancing tenant convenience and retention. With a current **11.8 GRM** and **6.3% CAP rate**, this asset offers immediate cash flow and long-term upside for investors. The owner is in the process of updating the roof on the front structure. This property can be purchased together with the adjoining 4-unit property at **4250 10th Street**, offering a rare chance to acquire 8 total units side by side. This is an excellent opportunity for investors looking to expand their portfolio with a desirable asset in a strong rental market.
Full Property Details
Full Property Details for 4228 Tenth St
General
- Sold For: $960,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV25104984
- Added to Site: 248 day(s) ago
Interior
- Fireplace(s): None
- Appliances: None
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 2
- Parking Features: Assigned, Garage
- Parking: Assigned, Garage
Location
- Area: 252 - Riverside
- County: Riverside
- Development Name: 252 - Riverside
- Driving Directions: Just South of Mission Inn Avenue. West of Market Street
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Roof: Shingle
- Entry Location: 1
- Stories/Levels: One
- Stories Description: One
- Square Feet: 2,600
- Year Built: 1936
Lot Features
- Property View: None
- Lot Size (Acres): 0.18
- Lot Size Source: Assessor
- Zoning: R1065
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $369.23
- Price Per Unit: 248750
Listed by Re/Max 2000 Realty, Kristopher German
Sold by Pacific Avenue Realty, Prashant Sampat
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Schools
Schools serving 4228 Tenth St
School District:Riverside Unified School District
| Name | Grades | Distance |
|---|---|---|
Bryant Elementary School, Riverside, CA 4324 3rd Street, Riverside, CA 92501 | K-6 | 0.5 mi |
Central Middle School 4795 Magnolia Avenue, Riverside, CA 92506 | 7-8 | 0.8 mi |
Polytechnic High School, Riverside, CA 5450 Victoria Avenue, Riverside, CA 92506 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4228 Tenth St
Date
Details
Price
Change
Source
7/29/2025
Sold
$960,000
-3.52%
MLS
5/12/2025
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4228 10th Street, Riverside, CA 92501 (MLS# CV25104984) is a Multi-Family property that was sold at $960,000 on July 29, 2025. Want to learn more about 4228 10th Street? Do you have questions about finding other Multi-Family real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

