10359 Gould Street
Riverside, CA 92505
$1,863,000
- 0.85 acres
Listed by Elite Homes Realty · MLS #OC26147016
A FEW THINGS TO NOTICE
What stands out.
Property size
0.85 acres listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
Received conceptual approval from the City of Riverside for a 27-unit multifamily project consisting of all 27 units 3-bedroom / 2-bathroom each.
Strong Rental Support for 3BR/2BA Units:
City of Riverside Section 8 vouchers : $2,851 – $3,320
Riverside County Section 8 v: $3,079
Illustrative Income Potential (at $3,000 per unit/month):
27 units × $3,000/month × 12 months = $972,000 potential gross annual income x 13 gross multiplier = potential furture value when project finished $12,636,000 .
This combination of conceptual City approval and proven demand for larger 3BR/2BA units creates an attractive opportunity for multifamily developers and investors seeking an infill project with a clear path forward.
Upcoming open houses
–11:00 pm · Confirm the schedule with the listing team.
THE NEIGHBORHOOD
Explore the location.
10359 Gould Street, Riverside, CA 92505
Loading property map…
Map position comes from the listing source. Open directions in Google Maps
THE DETAILS
The details, all in one place.
- Property type
- Land
- Category
- Land
- Utilities
- None,SewerNotAvailable
- Zoning
- R3-1500
- Parcel
- 150091032
- HOA fee
- $0.00
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
ERA PROPERTY MANAGEMENT
See its potential.
Have a plan for what follows.
Your plans for a property go beyond the purchase. Talk with ERA about the management services available for your property type and market.
Understand the opportunity.
Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.
LOCAL PEOPLE. SHARED COMMITMENT.
A team behind your next step.
From your first question to the everyday work of ownership, a conversation with the right person makes a difference.
Meet ERA Property ManagementResidential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.
YOUR CAREER. YOUR NEXT CHAPTER.
Find your place in real estate.
Just getting started?
Explore real estate education and available licensing courses through ARTI Academics.
Become a real estate agentReady to work with ERA?
Discover the people, broker support, technology and education behind an ERA real estate career.
Join ERA BrokersMoving for work?
Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.
Explore Corporate ServicesContact ERA about this property
Ask about this property.
10359 Gould Street, Riverside, CA 92505 · MLS #OC26147016
More in Riverside.
$349,900
$300,000Listing information
MLS #OC26147016 · California Regional MLS
Listing brokerage: Elite Homes Realty
Listing agent: Tony Lee
Listing status: Active. Record updated . Confirm current availability and price with the listing agent.
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 © 2023 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. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.