10543 Campbell Ave Riverside, CA 92505

This exceptional investment opportunity presents a stabilized multifamily property located at 10543 Campbell Ave, Riverside, CA 92505. The property consists of two buildings on a 14,375 square foot lot: a front-facing single-family home featuring three bedrooms and one bathroom, and a rear triplex comprising three two-bedroom, one-bathroom units. Each unit boasts separate electric and gas meters, as well as individual water heaters, offering efficient utility management. The triplex includes a two-car garage and a one-car garage, while an additional two-car detached garage is situated at the rear of the property, providing ample parking for residents. The property totals 3,500 square feet and was built in or around 1950. Currently operating at 100% occupancy with all tenants on month-to-month leases, this property offers immediate cash flow. The asking price is $995,000 and is suitable for a 1031 exchange. This Class D property presents a strong value-add potential in the thriving Riverside, California market. The property's APN is 150-200-027. The current occupancy date is October 29, 2024. This is a rare opportunity to acquire a well-maintained, income-producing multifamily asset in a desirable location.