421 Devener St, Riverside, CA 92507
FOR SALE
0.33 ACRES
Listed by Douglas McCauley, MARCUS & MILLICHAP, (909) 456-3400

421 Devener St
Riverside, CA 92507

  • 12 Beds
  • 8 Baths
  • 5,712 sqft (on 0.33 acres)

$1,615,000

Original price: $1,698,000
Est. Mortgage $9,833/mo*

$1,615,000

Original price: $1,698,000
Est. Mortgage $9,833/mo*
12 Beds
8 Baths
5,712 sqft
(on 0.33 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Pleased to exclusively present the opportunity to acquire two side-by-side 4-plex apartment buildings 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 Highlights

Parking
11 Parking Spaces
Outdoor
No Info
HOA
None
Price/Sqft
$283
Listed
132 days ago

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: 119Days on Market: 132

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: $1,615,000Price Per Sqft: $283

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: 626-695-6776Common Interest: Community ApartmentUniversal Property Id: US-06065-N-247081007-R-N

Additional Information

CurbsSidewalksSource Internet Entire Listing Display
Last check for updates: about 10 hours ago
Listing Provided by: Douglas McCauley, (626) 695-6776
MARCUS & MILLICHAP
David Covarrubias DRE #01941403
MARCUS & MILLICHAP
Originating MLS: California Regional MLS
Source: CRMLS, MLS#CV26019708
Also Listed on CRMLS.

Market trends in Riverside

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$641K
$6.67K
MoM
Sale-to-List Price
100.0%
Price per sq ft
$380
$0
MoM
Available listings
647
58
MoM

Price History for 421 Devener St

DatePriceEventSource
05/27/2026$1,615,000PriceChange
CRMLS #CV26019708
04/24/2026$1,698,000PriceChange
CRMLS #CV26019708
01/28/2026$1,800,000Listed For SaleCRMLS #CV26019708
10/24/2017$460,000Sold
N/A
05/26/2006$870,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$5,953
Assessment$523,396
Home facts updated by county records

Comparable Sales for 421 Devener St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.73
Multi-Family Home
$1,025,000
07/07/25
8
4
3,672
1.14
Multi-Family Home
$1,150,000
02/03/26
8
5
3,000
1.57
Multi-Family Home
$625,000
02/27/26
4
2
1,641
2.53
Multi-Family Home
$1,689,000
09/16/25
12
8
5,631
2.42
Multi-Family Home
$1,125,000
07/30/25
7
6
2,961
2.58
Multi-Family Home
$1,065,000
05/01/26
6
6
3,470
2.29
Multi-Family Home
$675,000
10/24/25
5
3
1,952
2.40
Multi-Family Home
$675,000
12/12/25
4
2
2,004
2.64
Multi-Family Home
$582,500
07/31/25
5
3
2,884

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 421 Devener St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Riverside

At least 2698 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

  • 65 % 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.
  • Galassia Dussoldi
    "People keep to themselves, so living here feels nice and quiet! A lot of great sceneries and great parks. "
  • Sanjeev Bajpai
    "Halloween diwali events and christmas celebrations . The newly built houses has family with kids so it is kids friendly"
  • 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."
  • Properland
    "Dog friendly neighborhood. Well behaved and well cared for. The HOA keeps the trash for the dogs bag well maintained/ clean. "
  • 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 "
  • Vanessa Aguilar
    "Many neighbors that walk their pets all times of the day. Friendly neighborhood dogs. Great walking areas."
  • Imelda Coria
    "Safely for kids, walking, beautiful green around. Nice neighborhood and friendly. For shipping stuffs always safe. "
  • Michelle Chavez
    "It is an affordable area. It’s very private and peaceful. They have beautiful parks, and communities."
  • 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."
  • 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. "
  • Carmen
    "Lots of trees down my street so it’s very fresh and you see a lot of squirrels. Colorful birds everywhere. "
  • 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"
  • Mevangie
    "Riverside is a city in the county seat of Riverside county California United States in the inland Empire metropolitan area."
  • 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. "
  • 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. "
  • 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"
  • Aryanagarcia001
    "There’s A Lot Of Homeless People And Drug Users Here . And A Lot Of Stray Dogs . Boring With Nothing To Do Here"
  • 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"
  • 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. "
  • Trulia User
    "I live in an apartment complex in La Sierra and although the property is dog friendly, not everyone picks up after their dogs. Unfortunately, that is probably true everywhere you go."
  • 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 "
  • 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. "
  • Trulia User
    "Mount Rubidoux the hiking the walking the older homes character throughout this area tue local eatery the downtown vibe"
  • Trulia User
    "Great neighborhood to walk and enjoy, walking distance from multiple places and schools around here are good"
  • 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 "
  • Trulia User
    "Neighbors are nice, friendly, look out for one another. Safe for kids to ride their bikes. Good place to raise kids"
  • 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! "
  • 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."
  • 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 "
  • 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 "
  • Trulia User
    "I don't personally use public transit but there is buses near by and shopping centers are relatively close."
  • Trulia User
    "City suburb vibes like just 5 minutes from downtown. Victoria is a bust enough street. The senior community nearby makes it feel safe. "
  • Trulia User
    "we all get together and and have barbecues and go swimming and take walks at night and walk our dogs"
  • Trulia User
    "the events that make our community special is that on the 4th of July they do fireworks at LA Sierra Park "
  • Trulia User
    "This neighborhood is peaceful and has beautiful views. There are lots roads to orange trees and nurseries as well. "
  • 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 "
  • 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? "
  • Trulia User
    "community center, Nichols park.. Park does alot for the children in this community. ,...................................................................... "
  • Trulia User
    "schools and hidden valley hiking trail and alot of people go there and its good that everyone gets along there and aloft of horse trail and again every one there who rides horses get along "
  • Trulia User
    "I drive my vehicles through out the La Sierra neighborhood it’s pretty quiet and everything is within walking distance "

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 2026-02-09 09:51:42 PST 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
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.