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)
12 Beds
8 Baths
5,712 sqft
(on 0.33 acres)
Local Information
© Google
-- mins to
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.
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
|
|---|
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 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 |
|
|---|
Cumulative Days on Market: 119Days on Market: 132 |
|
|---|
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 List Price: $1,615,000Price Per Sqft: $283 |
|
|---|
MLS Status: Active |
|
|---|
Direction & Address City: Riverside |
|
|---|
Listing Agent Listing ID: CV26019708 |
|
|---|
Building Area Building Area: 5712 Square Feet |
|
|---|
Community Features: Curbs, SidewalksNot Senior Community |
|
|---|
Association for this Listing: California Regional MLS |
|
|---|
Lot Area: 0.33 acres |
|
|---|
Special Conditions: Standard |
|
|---|
Listing Terms: Cash, Cash to New Loan |
|
|---|
Expense Tenant Pays: Electricity, Gas |
|
|---|
Has Rent Control |
|
|---|
Mls Number: CV26019708Living Area Range Units: Square FeetAttribution Contact: 626-695-6776Common Interest: Community ApartmentUniversal Property Id: US-06065-N-247081007-R-N |
|
|---|
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
Avg. sale price
$641K $6.67KMoM
Sale-to-List Price
100.0%
Price per sq ft
$380 $0MoM
Available listings
647 58MoM
Price History for 421 Devener St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/27/2026 | $1,615,000 | PriceChange | CRMLS #CV26019708 |
| 04/24/2026 | $1,698,000 | PriceChange | CRMLS #CV26019708 |
| 01/28/2026 | $1,800,000 | Listed For Sale | CRMLS #CV26019708 |
| 10/24/2017 | $460,000 | Sold | N/A |
| 05/26/2006 | $870,000 | Sold | N/A |
Similar Homes You May Like
New Listings near 421 Devener St
Property Tax and Assessment
| Year | 2025 |
|---|---|
| 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.Assigned Schools
These are the assigned schools for 421 Devener St.
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.
LGBTQ Local Legal Protections
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
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.

