421 Devener St, Riverside, CA 92507
Property image
Property image
FOR SALE
0.33 ACRES
Listed by Douglas McCauley, MARCUS & MILLICHAP, (626) 695-6776

$1,575,000

Original price: $1,615,000
  • 12 Beds
  • 8 Baths
  • 5,712 sqft (on 0.33 acres)

421 Devener St, Riverside, CA 92507

Est. Mortgage $9,926/mo*
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Home Highlights

Multi-Family
Built in 1966
0.33 acre lot
$276/sqft
11 Parking Spaces

Local Information

  • Map ViewExplore the area around 421 Devener St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings located at 421 & 427 Devener Street, built in 1966 with 5,712 rentable square feet on a 0.33 acre contiguous lot in the City of Riverside. This offering totals eight units and features a highly functional mix of one and two bedroom floor plans. Ideally positioned with convenient access to the I-10, I-215, SR-60, and SR-91 freeways, the property offers residents excellent regional connectivity throughout the Inland Empire. The buildings are equipped with two on-site laundry facilities, wall-mounted air conditioner & heater units. Each unit is individually metered for gas and electricity & have individual hot water heaters. Parking consists of 11 open parking spaces. The property is on septic, with new tank installed in 2025. The electrical panels were also recently updated.

The asset presents a value-add opportunity, with the ability to enhance cash flow through rent growth. Additionally, qualified buyers may benefit from the potential availability of 30-year fixed-rate financing, a significant advantage for investors seeking stable, long-term returns on small-balance multifamily assets.

Riverside offers a strong and affordable investment backdrop anchored by steady job growth and a diversified employment base. The city is home to University of California, Riverside and benefits from a large public-sector presence tied to Riverside County, healthcare, education, and logistics. Compared to coastal Southern California markets, Riverside remains relatively affordable, supporting continued in-migration and sustained renter demand.

Residents enjoy a robust lifestyle and amenity base, including the historic Mission Inn Hotel & Spa, the Fox Performing Arts Center, and outdoor attractions such as California Citrus State Historic Park. With a population of approximately 323,700 and a median household income near $88,600, Riverside’s demographic and economic fundamentals continue to support long-term multifamily ownership.
Overall, 421–427 Devener Street represents an attractive opportunity to acquire a centrally located apartment building in Southern California’s most resilient and investor-friendly inland markets.

Home Details for 421 Devener St

Interior Features

Beds & Baths
Number of Bedrooms: 12Number of Bathrooms: 8
Appliances & Utilities
Laundry: Common Area
Heating & Cooling
Heating: NoneNo Heating
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: Front

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Open Parking Spaces: 11No GarageNo Attached GarageParking Spaces: 11Parking: On Site
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Type Unknown
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 213Days on Market: 180+

Property Information

Year Built
Year Built: 1966
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureHas Additional Parcels
Property Information
Parcel Number: 247081007Additional Parcels Description: 247081008

Price & Status

Price
List Price: $1,575,000Price Per Sqft: $276
Status Change & Dates
Off Market Date: Fri Jul 24 2026

Active Status

MLS Status: Active

Location

Direction & Address
City: Riverside

Agent Information

Listing Agent
Listing ID: CV26019708

Building

Building Area
Building Area: 5712 Square Feet

Community

Community Features: Curbs, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.33 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: CV26019708Living Area Range Units: Square FeetAttribution Contact: 626-695-6776Back On Market Date: Tue Aug 04 2026Common Interest: Community ApartmentUniversal Property Id: US-06065-N-247081007-R-N

Additional Information

CurbsSidewalksSource Internet Entire Listing Display

Around this home

What Locals Say about Riverside

At least 2701 Trulia users voted on each feature.

  • 81 % Say it's dog friendly

  • 81 % Say car is needed

  • 80 % Say there are sidewalks

  • 77 % Say yards are well-kept

  • 73 % Say there's holiday spirit

  • 72 % Say parking is easy

  • 66 % Say streets are well-lit

  • 60 % Say it's walkable to grocery stores

  • 59 % Say it's quiet

  • 57 % Say kids play outside

  • 55 % Say people would walk alone at night

  • 54 % Say it's walkable to restaurants

  • 54 % Say they plan to stay for at least 5 years

  • 48 % Say neighbors are friendly

  • 44 % Say there's wildlife

  • 23 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "That it’s dog friendly and safe"
    0
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  • Trulia User
    "A gated safe community"
    0
    Flag
  • Trulia User
    "CBU and Festival of Lights "
    0
    Flag
  • Galassia Dussoldi
    "Great 360 views, beautiful homes along the santa ana river, hills and ranches , lots of family parks. "
    0
    Flag
  • Galassia Dussoldi
    "People keep to themselves, so living here feels nice and quiet! A lot of great sceneries and great parks. "
    0
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  • Sanjeev Bajpai
    "Halloween diwali events and christmas celebrations . The newly built houses has family with kids so it is kids friendly"
    0
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  • 2hqjqvcdmz
    "It’s a good neighborhood for dog owners. Cat owners freely let their cats outside during the day so keep in mind a cat might be owned even if they are outside alone. I usually keep my dogs on leash but I’ve seen trained dogs walk with their owners without a leash and they are usually tamed."
    0
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  • Properland
    "Dog friendly neighborhood. Well behaved and well cared for. The HOA keeps the trash for the dogs bag well maintained/ clean. "
    0
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  • Elaine Fordyce
    "I think it’s important to keep your eyes on your kids no matter where you live. It seems like there is always so much traffic. and I worry about kids getting hit by a car. Know your surroundings and keep your eyes open "
    0
    Flag
  • Vanessa Aguilar
    "Many neighbors that walk their pets all times of the day. Friendly neighborhood dogs. Great walking areas."
    0
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  • Imelda Coria
    "Safely for kids, walking, beautiful green around. Nice neighborhood and friendly. For shipping stuffs always safe. "
    0
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  • Michelle Chavez
    "It is an affordable area. It’s very private and peaceful. They have beautiful parks, and communities."
    0
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  • Marissa Muiz
    "Downtown Riverside festival of lights. There’s many things to do in downtown riverside , there’s a mall in riverside and there’s castle park."
    1
    Flag
  • Evanbarrios
    "Be careful everyone. Please look out each other. If you can get a gun get one for protection. Please pick up after your dog. "
    0
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  • Carmen
    "Lots of trees down my street so it’s very fresh and you see a lot of squirrels. Colorful birds everywhere. "
    0
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  • Troy Alsobrook
    "Dog owners may like the fact that there’s a park near by where they can let their dog run or play. Most streets are connected which is perfect for loops"
    0
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  • Mevangie
    "Riverside is a city in the county seat of Riverside county California United States in the inland Empire metropolitan area."
    0
    Flag
  • Sabrina Ortiz
    "Lots of places to visit and many great places to eat. Always fun to find a new spot for dinner. Most neighborhoods are clean. "
    0
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  • Elaine F
    "The parents should keep an eye on their little ones if in the front yard because a lot of cars will go fast down the street. There should really be a speed bump on our street. "
    1
    Flag
  • Brittany sowle
    "Be alert and never leave your kids alone the parks are where a lot of young crowds hang out and get into trouble , neighbors do come together to improve our neighborhoods"
    0
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  • Aryanagarcia001
    "There’s A Lot Of Homeless People And Drug Users Here . And A Lot Of Stray Dogs . Boring With Nothing To Do Here"
    1
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  • jenell c romero
    "All dogs need to be on leash at all times. Mostly for those living in apartments and townhomes. There are dog stations in just about every corner through our with a local dog park"
    0
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  • Mrvargas1987
    "Heading to the main streets there are many cars that don’t check when turning. Traffic can be a con if your pet likes to run off. "
    0
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  • Kase Vunileva
    "There are a lot of homeless people near by not in the neighborhood but down the street. It’s also near train tracks "
    0
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  • Trulia User
    "I’ve lived with h the neighborhood for 8 years and it’s a great place to live. Would definitely recommend living in the area for long term. "
    3
    Flag
  • Trulia User
    "Mount Rubidoux the hiking the walking the older homes character throughout this area tue local eatery the downtown vibe"
    0
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  • Trulia User
    "Great neighborhood to walk and enjoy, walking distance from multiple places and schools around here are good"
    0
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  • Trulia User
    "I don’t live far from where I work. It’s a quick jump on the freeway and I’m on way - 15 minutes tops "
    1
    Flag
  • Trulia User
    "Neighbors are nice, friendly, look out for one another. Safe for kids to ride their bikes. Good place to raise kids"
    0
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  • Trulia User
    "Traffic is terrible. Drivers are terrible. Only one bus covers the area and the drivers are also terrible! Tons of coyotes in the area that will stalk u on a night walk. LOTS of police activity including helicopters and loud speakers at midnight or later! "
    7
    Flag
  • Trulia User
    "I've lived here for 45 years and it has always been nice until recently with all the homeless camping out on every end of the street."
    2
    Flag
  • Trulia User
    "cool I like it and it's cool and good and it's cool and pretty good and great and I like it because it's cool "
    0
    Flag
  • Trulia User
    "It’s a nice neighborhood to live in. Some areas surrounding riverside outside of it are kind of a site to see but good neighborhood for kids and family "
    1
    Flag
  • Trulia User
    "I don't personally use public transit but there is buses near by and shopping centers are relatively close."
    0
    Flag
  • Trulia User
    "we all get together and and have barbecues and go swimming and take walks at night and walk our dogs"
    1
    Flag
  • Trulia User
    "the events that make our community special is that on the 4th of July they do fireworks at LA Sierra Park "
    0
    Flag
  • Trulia User
    "This neighborhood is peaceful and has beautiful views. There are lots roads to orange trees and nurseries as well. "
    0
    Flag
  • Trulia User
    "this is a safe neighborhood for all events also all the stores are local I'm looking for a place for my family "
    0
    Flag
  • Trulia User
    "Nice area, people can be loud at night which can be annoying. Good proximity to ucr and rcc. Not safe to walk at night as a woman alone, but where is? "
    0
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  • Trulia User
    "community center, Nichols park.. Park does alot for the children in this community. ,...................................................................... "
    0
    Flag

Market trends in Riverside

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$657K
$6.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$382
$2MoM
Available listings
703
4MoM

Home Value

Trulia Estimate
$1.55M
Since last month
Increased$44K (+2.9%)
Since last year
Increased$837K (+117%)
Since last sale
Increased$1M (+237.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +121% in the last 10 years
MonthEstimated value
2026
September 2026$1.55M
August 2026$1.52M
July 2026$1.51M
June 2026$1.55M
May 2026$1.56M
April 2026$1.63M
March 2026$1.72M
February 2026$1.74M
January 2026$726K
2025
2024
2023
2022
2021

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1195 W Spring St, Riverside, CA
0.25
Multi-Family Home
$855,000
08/27/26
7
5
3,264
1993 Marlborough Ave, Riverside, CA
1.14
Multi-Family Home
$1,150,000
02/03/26
8
5
3,000
2121 Down St, Riverside, CA
1.57
Multi-Family Home
$625,000
02/27/26
4
2
1,641
1813-1825 Loma Vista St, Riverside, CA
2.53
Multi-Family Home
$1,689,000
09/16/25
12
8
5,631
12102 Preston St, Grand Terrace, CA
2.58
Multi-Family Home
$1,065,000
05/01/26
6
6
3,470
3049 Mulberry St, Riverside, CA
2.29
Multi-Family Home
$675,000
10/24/25
5
3
1,952
3352 Franklin Ave, Riverside, CA
2.40
Multi-Family Home
$675,000
12/12/25
4
2
2,004
3311 Lime St, Riverside, CA
2.50
Multi-Family Home
$763,000
01/26/26
6
3
2,145
1971 7th St, Riverside, CA
2.66
Multi-Family Home
$685,000
01/05/26
5
3
1,914
1066 N Orange St, Riverside, CA
1.02
Multi-Family Home
$27,300,000
10/16/25
240
200
117,840

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
E La Cadena Dr #3, Riverside, CA 92507
0.04
$140,000
-
-
-
Recently Sold
1431 Villa St, Riverside, CA 92507
0.06
$491,500
2
1
1,026
Off Market
1350 Villa St, Riverside, CA 92507
0.09
$627,100
3
2
1,352
Off Market
1250 Ruby St, Riverside, CA 92507
0.17
$552,600
3
1
1,200
Off Market
1261 Center St, Riverside, CA 92507
0.20
$551,900
2
1.5
1,260
Off Market
217 Iowa Ave #47, Riverside, CA 92507
0.21
$450,000
-
-
-
For Sale
250 Stephens Ave, Riverside, CA 92501
0.22
$506,000
3
1
912
Recently Sold
240 Stephens Ave, Riverside, CA 92501
0.23
$537,800
3
2
1,287
Off Market
1222 Center St, Riverside, CA 92507
0.22
$699,000
4
1
1,140
For Sale
295 Stephens Ave, Riverside, CA 92501
0.23
$525,100
3
2
1,016
Off Market
183 Iowa Ave #9, Riverside, CA 92507
0.23
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Aug 4, 2026
Source: CRMLS #CV26019708
PendingToActive
$1,575,000
Jul 25, 2026
Source: CRMLS #CV26019708
Pending
$1,575,000
Jul 8, 2026
Source: CRMLS #CV26019708
PriceChange
$1,575,000
Price decreased by 2%
May 27, 2026
Source: CRMLS #CV26019708
PriceChange
$1,615,000
Price decreased by 5%
Apr 24, 2026
Source: CRMLS #CV26019708
PriceChange
$1,698,000
Price decreased by 6%

LGBTQ Local Legal Protections

Douglas McCauley, MARCUS & MILLICHAP
Agent Phone: (626) 695-6776
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-11 00:47:25 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Frequently asked questions about 421 Devener St

  • What is the estimated monthly payment for 421 Devener St?
    Based on a $1,575,000 list price with 20% down at today's rates, the estimated monthly payment for 421 Devener St in Riverside, CA is approximately $10,072 (about $8,461 principal & interest, $1,536 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 421 Devener St compare to homes in Riverside?
    421 Devener St in Riverside, CA is listed at $1,575,000, about 140% above the $657K median sale price in Riverside.
  • What do residents say about Riverside?
    Residents describe Riverside, CA as dog-friendly, pedestrian-friendly, and well-kept. See homes for sale in Riverside, CA.
  • What are the closest schools to 421 Devener St?
    The closest schools to 421 Devener St in Riverside, CA are Highgrove Elementary School (rated 4/10), John W. North High School (rated 5/10), University Heights Middle School (rated 5/10).
  • Does 421 Devener St have laundry facilities?
    Yes, 421 Devener St in Riverside, CA has laundry facilities.
  • Does 421 Devener St have parking?
    Yes, 421 Devener St in Riverside, CA has on-site parking.
421 Devener St, Riverside, CA 92507 is a 12 bedroom, 8 bathroom, 5,712 sqft multi-family built in 1966. This property is currently available for sale and was listed by CRMLS on Jan 28, 2026. The MLS # for this home is MLS# CV26019708.