4561 Main St
Riverside, CA 92501
Downtown
Studio
9,200 sqft (on 0.79 acres)
Studio
9,200 sqft
(on 0.79 acres)
Local Information
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Description
We are pleased to present 4545-4581 Main Street, a 14-unit multifamily investment ideally located near Downtown Riverside. Positioned just off Magnolia Avenue and 14th Street, the property sits within one of Riverside's most desirable neighborhoods, known for its historic character, cultural attractions, and consistent rental demand. The asset spans three contiguous parcels totaling approximately 34,412 square feet and features a unique configuration of five separate buildings. This layout provides enhanced privacy, open space, and a predominantly single-story design, creating a more residential environment compared to traditional apartment complexes. Its proximity to Riverside City College and major transportation corridors further strengthens its long-term tenant appeal. The property offers key amenities that support stable occupancy, including 25 on-site parking spaces, an on-site laundry facility, and interior mini-split air conditioning systems. Recent capital improvements such as newer roofs and well-maintained exterior areas contribute to reduced maintenance needs and tenant retention. Additional income potential is supported by stand-alone garages that can be leased for storage, along with two separate owner's rooms that may offer future conversion into additional garages or ADU units, subject to buyer verification. The unit mix consists of one three-bedroom, two-bath home, six two-bedroom units, six one-bedroom units, and one studio, catering to a broad tenant base including students, professionals, and families. The property is currently operating at a 6.12% cap rate and 11.11 GIM, providing strong in-place income with upside through gradual rent growth. Located within a highly accessible and tenant-oriented corridor, the property is within walking distance to Riverside City College and under ten minutes from UC Riverside. Nearby amenities include major retail centers, employment hubs, and notable destinations such as the Mission Inn, The Cheech Center, Mount Rubidoux, and the California Citrus State Historic Park. With convenient access to the 91 and 215 Freeways, the property benefits from strong regional connectivity.45454581 Main Street represents a rare opportunity to acquire a well-located, low-density asset with stable cash flow and long-term growth potential in one of Riverside's most supply-constrained markets.
Home Highlights
Parking
25 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$391
Listed
5 days ago
Home Details for 4561 Main St
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Dimensions and Layout Living Area: 9200 Square Feet |
Heating & Cooling Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other |
Levels, Entrance, & Accessibility Levels: Multi/Split |
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Exterior Home Features Other Structures: Other |
Parking & Garage No CarportNo GarageNo Attached GarageParking Spaces: 25Parking: Other |
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Days on Market: 5 |
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Year Built Year Built: 1950 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
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Price List Price: $3,595,000Price Per Sqft: $391 |
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MLS Status: Active |
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Direction & Address City: Riverside |
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Listing Agent Listing ID: 26829247 |
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Building Area Building Area: 9200 Square Feet |
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Lot Area: 0.79 acres |
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Special Conditions: Standard |
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Mls Number: 26829247 |
Last check for updates: about 10 hours ago
Listing courtesy of Oscar Diaz DRE # 02022902, (213) 999-2124
Marcus & Millichap, (310) 909-5500
Source: CLAW, MLS#26829247
Also Listed on CRMLS.
Price History for 4561 Main St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/04/2026 | $3,595,000 | Listed For Sale | CLAW #26829247 |
| 07/25/2025 | $2,195 | ListingRemoved | Zillow Rentals |
| 07/23/2025 | $2,195 | Listed For Rent | Zillow Rentals |
| 07/14/2025 | $2,195 | ListingRemoved | Zillow Rentals |
| 06/11/2025 | $2,195 | PriceChange | Zillow Rentals |
| 05/21/2025 | $2,295 | Listed For Rent | Zillow Rentals |
| 11/13/2023 | ListingRemoved | Zillow Rentals | |
| 11/10/2023 | $2,095 | Listed For Rent | Zillow Rentals |
| 03/09/2022 | ListingRemoved | Zillow Rental Manager | |
| 02/26/2022 | $1,995 | Listed For Rent | Zillow Rental Manager |
| 09/21/2018 | $1,595 | ListingRemoved | Agent Provided |
| 08/31/2018 | $1,595 | PriceChange | Agent Provided |
| 08/01/2018 | $1,495 | PriceChange | Agent Provided |
| 07/20/2018 | $1,595 | Listed For Rent | Agent Provided |
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Comparable Sales for 4561 Main St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.08 | Multi-Family Home | $1,760,000 | 10/29/25 | - | 3,944 | ||
0.67 | Multi-Family Home | $850,000 | 05/01/26 | 7 | 5 | 4,461 | |
0.68 | Multi-Family Home | $5,645,000 | 02/13/26 | 45 | 42 | 67,518 | |
0.86 | Multi-Family Home | $3,300,000 | 06/05/25 | 23 | 28 | 14,529 | |
0.61 | Multi-Family Home | $960,000 | 07/29/25 | 6 | 4 | 2,600 | |
0.64 | Multi-Family Home | $760,000 | 11/17/25 | 5 | 4 | 2,400 | |
0.62 | Multi-Family Home | $925,000 | 07/29/25 | 5 | 4 | 2,210 | |
0.74 | Multi-Family Home | $799,000 | 06/20/25 | 6 | 4 | 3,260 | |
0.83 | Multi-Family Home | $1,150,000 | 10/22/25 | 5 | 5 | 2,471 | |
0.94 | Multi-Family Home | $582,500 | 07/31/25 | 5 | 3 | 2,884 |
Assigned Schools
These are the assigned schools for 4561 Main St.
- Central Middle School
- 7-8
- Public
- 621 Students
4/10GreatSchools RatingParent Rating AverageN/AStudent Review16y ago - Pachappa Elementary School
- K-6
- Public
- 676 Students
6/10GreatSchools RatingParent Rating AverageMy son has special needs and this school severely failed him. They switched his class 3 times, multiple teachers treated him badly, they allowed him to elope off campus then suspended him for it when he was in Kindergarten. They left him out of classroom activities, the Halloween parade and refused to allow me to volunteer even though I had clearance through the district and took their kindergarten volunteer class. They said me being there would affect their special education testing. They assessed him for special education for months & didn’t finish before I pulled him out because I was terrified for his safety.Parent Review1y ago - Polytechnic High School
- 9-12
- Public
- 2484 Students
6/10GreatSchools RatingParent Rating AverageThis school just disappointed me in many ways. The way that they are teaching my kid in school is very off to me. My kid isn't paying attention for a reason—a reason that the school doesn't want to hear at all! My kid doesn't feel safe in that school. The two-sided ladies who worked in the office were completely rude. The energy in there is so negative. I wouldn't recommend any children to go to this dirty school, the strict rules won't change anything after all. It is the same old boring school. DO BETTER!Other Review1y ago 
Check out schools near 4561 Main St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
At least 116 Trulia users voted on each feature.
92 % Say there are sidewalks
83 % Say it's dog friendly
80 % Say it's walkable to restaurants
76 % Say yards are well-kept
74 % Say car is needed
67 % Say there's holiday spirit
65 % Say parking is easy
64 % Say streets are well-lit
56 % Say it's walkable to grocery stores
54 % Say there's wildlife
49 % Say kids play outside
48 % Say neighbors are friendly
47 % Say they plan to stay for at least 5 years
46 % Say it's quiet
43 % Say people would walk alone at night
26 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Oscar Diaz, Marcus & Millichap, (310) 909-5500
Agent Phone: (213) 999-2124
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-05-09 13:29:38 PDT. 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.