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    9059 Colony Place Riverside, CA $ 1,350,000
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    $ 1,350,000 Get more info
    9059 Colony Place
    $ 1,350,000
    Back to search
    Share Save

    9059 Colony Place

    Riverside, CA, 92503
    $ 1,350,000
    Bedrooms8 Baths4.0 Sq 3,784

    Monthly Estimate*

    $ 8,973

    Listed by COMPASS
    9059 Colony Place, Riverside, CA 92503 - Image 1
    View a Virtual Tour

    Multi-Family Home for sale in Riverside, CA

    for $1,350,000 with 8 bedrooms and 4 full baths. This 3,784 square foot home was built in 1978 on a lot size of 0.22.

    Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.

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    Multi-Family Active

    Price

    $ 1,350,000

    Bedrooms

    8

    Full Bath

    4

    Property Type

    Multi-Family

    Taxes

    $ 0

    Style

    SeeRemarks

    Lot Size

    0.22

    Year Built

    1978

    Town/City

    Riverside

    County/Region

    Riverside

    MLS | Web ID

    AR25048685

    Days on Market

    62
    Features
    Interior
    Interior Amenities Unfurnished AllBedroomsDown
    Flooring SeeRemarks
    Fireplace Features None
    Total Stories 2
    Common Walls TwoCommonWallsOrMore
    Basement (Y/N) N
    Air Conditioning Y/N Y
    Heating Y/N N
    Fireplace Y/N N
    Laundry Features CommonArea SeeRemarks
    Entry Level 1
    General
    Sewer PublicSewer
    Heating None
    Cooling CentralAir
    Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneConnected SewerConnected WaterConnected
    Possession CloseOfEscrow
    Roof Composition
    Appliances GasOven Refrigerator
    Zoning R3
    Garage Spaces 0.0
    Architectural Style SeeRemarks
    Pool Features None
    Construction Materials Stucco
    Year Built 1978
    Electric Standard
    Tenant Pays Electricity Gas Telephone
    View None
    Stories 2
    Levels Two
    Property Subtype Quadruplex
    Gross Income 96180.0
    Community Features Suburban Sidewalks
    Accessibility SeeRemarks
    County Riverside
    Net Operating Income 71798.0
    Operating Expense 24382.0
    Insurance Expense 3227.0
    New Construction N
    Property Type ResidentialIncome
    HOA N
    Attached Garage N
    Garage Y/N N
    Special Listing Conditions Standard
    Status Active
    Directions Head south on Van Buren. Then head east on Jackson then a left on Colony Pl.
    City Riverside
    Entry Location 1
    Senior Community Y/N N
    Open Parking Spaces 8.0
    Number Of Units Total 4
    MLS Area 252 - Riverside
    Lot Size Units SquareFeet
    Lot Size Square Feet 9583.0
    Carport Y/N N
    Electric On Property Y/N N
    Listing Terms Cash CashToExistingLoan CashToNewLoan Conventional Contract CalVetLoan Exchange1031
    Spa Features None
    Property Attached Y/N Y
    Land Lease Y/N N
    Electric Expense 1800.0
    Home Warranty Y/N N
    Current Financing Conventional
    Fuel Expense 0.0
    Property Condition Turnkey
    Trash Expense 1000.0
    Water Sewer Expense 1000.0
    Lease Renewal Y/N N
    Additional Parcels Y/N N
    Lease Considered Y/N N
    Rent Control Y/N N
    Virtual Tour https://my.matterport.com/show/?m=yGFPrUhyGQF&brand=0 https://my.matterport.com/show/?m=yGFPrUhyGQF&brand=0
    Building Area Units SquareFeet
    Standard Status Active
    Year Built Source Estimated
    Tax Lot 4
    Property Sub Type Additional Quadruplex
    Taxes 16875.0
    Exterior
    Fencing Wood
    Parking Features OnSite Paved Private OneSpace Uncovered
    Lot Features BackYard CulDeSac RectangularLot
    Water Source Public
    Total Parking 8.0
    Lot Size Area 9583.0
    Foundation Details Slab
    Number of Buildings 1
    Spa N
    Building Area Total 3784.0
    Lot Size Acres 0.22
    Road Surface Type Paved
    Private Pool N
    Lot Size Source Assessor
    Gulf-Front N
    Number of Separate Water Meters 0
    Number of Separate Gas Meters 4
    Number of Separate Electric Meters 4
    Road Frontage Type CityStreet
    Crops Included Y/N N
    Open Parking Y/N N
    Horse Y/N N
    Irrigation Water Rights Y/N N
    Internal Only
    Street Number 1 9059
    * Excluded Features
    List By
    Compass

    Broker

    (650) 279-1212

    Phone

    Affordability Calculator

    $8,973
    Per Month
    100%
    0%
    0%
    Monthly Principal & Interest
    $8,973
    Monthly Property Taxes
    --
    Monthly Home Insurance
    --
    Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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    Nearby
    273443 Elementary School
    272636 Middle School
    Unknown High School High School
    See complete school information
    Pricing History
    DatePricePrice ChangeDescription
    3/25/2025$999,950 Listed Price

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    9059 Colony Place, Riverside, CA, 92503 is a Multi-Family Home for sale at $1,350,000 with 3,784 sqft and a lot size of 0.22. 9059 Colony Place has 8 bedrooms, 4.0 baths, and was built in 1978. The property's zip code is 92503 which is in Riverside, CA

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