12
See all 12 photos
Listed by Sean Hwangbo, DRE #01945497 • TNG REAL ESTATE CONSULTANTS
$1,030,000
Est. payment /mo
6,529 Sqft Lot
New
3080 Elgin DR Riverside, CA 92507
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26204711
HOA Fees $550
Year Built 1964
Lot Size 6,529 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside's University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,600 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a growing student population and convenient regional connectivity via I-215, SR-60 and SR-91, supporting rental demand from students, families and working professionals alike.
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Cooling Window / Wall Unit
Laundry In Laundry Room, Other
Exterior
Garage Spaces 8.0
Pool Community Facility
Building
Water District - Public
Others
Tax ID 250121012
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.