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About This Home
This 3-bedroom, 2-bathroom single family at 4187 Dwight Avenue in Riverside, CA is listed for $724,999 ($674 per sqft). Built in 1943, the home offers 1,076 sqft of living space on a 0.18 acres lot.
Rare Opportunity with Future Upside! This unique property features two beautifully finished homes on one lot, thoughtfully positioned on opposite sides of the property to maximize privacy and functionality. Both residences are fully operational and showcase quality workmanship, creating an ideal setup for multigenerational living, rental income, or owner-occupancy with supplemental income potential.
As an added bonus, the seller has already consulted with an architect and obtained conceptual plans illustrating the potential placement of a third home on the property (buyers should verify all development possibilities with the appropriate agencies).
Whether you’re looking for a turnkey investment, a family compound, or a property with future expansion potential, this offering combines immediate usability with exciting long-term possibilities. Cap rate reflects a stabilized, pro forma analysis based on market rents and reassessed property taxes, resulting in a 5.9% projected return.
Key Features
- Built in 1943
- 0.18 acre lot
Property Details
Monthly Cost Estimate
$3,877/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4187 Dwight Avenue
Riverside, CA 92507
Features & Amenities
Exterior Features
Property Details
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 4187 Dwight Avenue is listed at $724,999 ($674/sqft). The estimated monthly payment is $3,142 based on 20% down at 6.5% interest.
Key features include: Built in 1943, 0.18 acre lot. Exterior Features: Fence, Community Features Included: Street Lights, Front Yard.
This property is listed by Benjamin Rubalcava and can be reached at 7146735181 or benrubalcava@yahoo.com.