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3080 Elgin Drive, Riverside, CA 92507

Riverside
Local realty services provided by:CENTURY 21 Classic Estates
3080 Elgin Drive,Riverside, CA 92507
$1,030,000
  • - Beds
  • - Baths
  • 4,200 sq. ft.
  • Multi-family
  • Pending
Listed by: sean hwangbo
Office: tng real estate consultants714-203-8555
MLS#:CV26204711
Source:CRMLS

Price summary

  • Price:$1,030,000
  • Price per sq. ft.:$245.24
  • Monthly HOA dues:$700

About this home

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...

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Home facts

  • Year built:1964
  • Listing ID #:CV26204711
  • Added:15 day(s) ago
  • Updated:October 04, 2026 at 08:13 AM

Rooms and interior

  • Living area:4,200 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Year built:1964
  • Building area:4,200 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,030,000
  • Price per sq. ft.:$245.24

Features and amenities

  • Laundry features:Outside
  • Pool features:Association, Community, Pool

Parking

  • Total parking spaces:8
  • Garage:Yes
  • Garage spaces:4
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Classic Estates is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Classic Estates, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Sol Almarines

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