4412 Mission Inn Avenue
Riverside, CA 92501
For Sale
6,666 sqft
Sale Price
$2,600,000
Brochure
Property Website
Map
Multifamily For Sale - Available July 2026
12 Units in Riverside | 5.83% Cap Rate | Steps to the Iconic Mission Inn Hotel & Spa
A well-maintained 12-unit property including two newly constructed 2026 ADUs — generating a current cap rate of 5.83% in the heart of Downtown Riverside.
An attractive opportunity to capture 13% rental upside by raising rents to market rates.
Attractively priced at $216,667 per unit and $390 per square foot.
Select units feature updated kitchen and bathroom cabinetry, oven ranges with hoods, and tile and laminate plank wood flooring.
Situated on a ±11,761 SF lot with ±6,666 SF of total building area, inclusive of two newly constructed ADUs completed in 2026.
The property offers two studios and ten 1-bedroom/1-bathroom units averaging 556 SF, each equipped with quiet, energy-efficient split AC systems, security screen doors, wall heating, and individual hot water heaters.
Common area features include 12 single-car garages, on-site laundry, mature landscaping, new roofs within the last five years, and a recently completed termite clearance.
Direct access to the 60, 91, and I-215 Freeways places residents minutes from major employment, retail, and entertainment destinations across the Inland Empire.
The property is surrounded by major institutional employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside.
The Downtown Riverside Metrolink Station is less than one mile away, offering tenants direct rail connectivity to Los Angeles Union Station.
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Mikel Dominguez
Lic: 02189109
CBRE is pleased to exclusively present a distinguished multifamily investment opportunity at 4412–4430 Mission Inn Avenue in Downtown Riverside — a 12-unit property including two newly constructed ADUs completed in 2026, offering a well-positioned income stream in the heart of the Inland Empire.
This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The property is currently generating a 5.83% cap rate, with a pro forma cap rate of 6.78% and 13% rental upside remaining to be captured.
Property Highlights
The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset.
Thriving Economy & Top Employers
The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity to Los Angeles Union Station. Regional access is further supported by the 60, 91, and I-215 Freeways, making the property an ideal choice for commuters across the greater Inland Empire. Riverside's economy is anchored by healthcare, higher education, and public sector employment, with major employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside — sustaining consistent housing demand and a stable, creditworthy tenant pool.
Stabilized Investment Opportunity
4412–4430 Mission Inn Avenue is a stable, income-producing asset in one of Downtown Riverside's most sought-after residential corridors. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
This asset is ideally situated within a short distance of Riverside Community Hospital, the iconic Mission Inn Hotel & Spa, and the Downtown Riverside Metrolink Station, placing tenants at the center of a thriving live-work-play environment. The property is currently generating a 5.83% cap rate, with a pro forma cap rate of 6.78% and 13% rental upside remaining to be captured.
Property Highlights
The Mission Inn Avenue Apartments sits on a ±11,761 square foot lot with a total building area of ±6,666 square feet. The property offers a diverse unit mix of two studios and ten 1-bedroom/1-bathroom units — eight original and two newly built ADUs — averaging 556 square feet. Renovated interiors feature tile and laminate plank wood flooring, updated kitchen and bathroom cabinetry, oven ranges with hoods, and updated fixtures. All units include wall air conditioning and heating, clothing closets, and cabinet storage. The property features 12 single-car garages, off-street parking, an on-site laundry facility, and lush, mature landscaping throughout. New roofs have been installed within the last five years, and a recently completed termite clearance further demonstrates the pride of ownership maintained throughout the asset.
Thriving Economy & Top Employers
The property sits in the heart of Downtown Riverside — a thriving cultural and urban corridor with direct proximity to Mt. Rubidoux Park, the Fox Performing Arts Center, the Riverside Convention Center, and the Riverside Pedestrian Mall. The Downtown Riverside Metrolink Station is less than one mile away, providing direct connectivity to Los Angeles Union Station. Regional access is further supported by the 60, 91, and I-215 Freeways, making the property an ideal choice for commuters across the greater Inland Empire. Riverside's economy is anchored by healthcare, higher education, and public sector employment, with major employers including Riverside Community Hospital, UC Riverside, California Baptist University, Loma Linda University & Hospital, and the City of Riverside — sustaining consistent housing demand and a stable, creditworthy tenant pool.
Stabilized Investment Opportunity
4412–4430 Mission Inn Avenue is a stable, income-producing asset in one of Downtown Riverside's most sought-after residential corridors. Whether you are a first-time investor seeking to enter the market, a seasoned investor looking to expand your portfolio, or considering a 1031 Exchange, this property offers exceptional stability and long-term value.
Riverside County, California is the fourth largest county in California and the tenth largest in the United States. It’s about 180 miles wide and covers more than 7,300 square miles. The county is home to 2.4 million residents. Riverside County was created in 1893 from parts of San Diego and San Bernardino counties. The county’s name comes from the City of Riverside, which was named in 1871 when the Santa Ana River’s upper canal reached it. Riverside is a city in and the county seat of Riverside County, which has 24 nationally registered historic sites and more than 100 city landmarks. It also offers a variety of museums, theaters, festivals, markets, and unique shopping experiences. Riverside the most populous city in the Inland Empire and in Riverside County, and is about 50 miles southeast of downtown Los Angeles. Known for its citrus industry and as the city of arts and innovation, visitors and residents enjoy cultural activities including downtown museums, restaurants and performing arts centers.
Riverside is also more affordable than major Golden State cities like Los Angeles or San Francisco. Due to Riverside’s warm, dry climate, the average electricity rates are 33% lower than the California average. The Riverside Chamber of Commerce says that the real estate market’s growth is Riverside’s main economic driver. Riverside’s transportation, retail, employment, innovation and private investment all make up an attractive environment for businesses. Riverside has experienced $1.5 billion in private investment in the past five years while Riverside County’s retail market has been resilient. In 2021, employment gains were largest in leisure services, professional business services, private education and healthcare, and retail trade.
The Inland Empire, which includes Riverside and San Bernardino Counties, has a network of innovation centers that drive investment and job growth. The City of Riverside is committed to building inclusive partnerships for sustainable, resilient economic development through strategies to stimulate a favorable investment climate, welcome entrepreneurship, encourage industry and talent diversity, expand living wage jobs and support our unique quality of place. As a world-class city of Arts and Innovation, Riverside is the city of choice in Southern California: a place where people of diverse talents choose to work and live and where entrepreneurs and businesses choose to locate and invest. The City offers a rich agricultural heritage, unique architecture, affordable housing stock and business friendly environment that is unique to Southern California.
Anchored by two historic performing arts centers managed by Live Nation, downtown Riverside offers the best in nightlife and entertainment, all within steps of the Riverside Convention Center and downtown hotels. A lively restaurant, bar/pub and nightclub scene is a constant in downtown Riverside, with numerous annual festivals, including the famed six-week Festival of Lights (the Top Holiday Lighting event in the United States), the Lunar Fest, and Dicken’s Festival regularly enlivening downtown.
Riverside is also more affordable than major Golden State cities like Los Angeles or San Francisco. Due to Riverside’s warm, dry climate, the average electricity rates are 33% lower than the California average. The Riverside Chamber of Commerce says that the real estate market’s growth is Riverside’s main economic driver. Riverside’s transportation, retail, employment, innovation and private investment all make up an attractive environment for businesses. Riverside has experienced $1.5 billion in private investment in the past five years while Riverside County’s retail market has been resilient. In 2021, employment gains were largest in leisure services, professional business services, private education and healthcare, and retail trade.
The Inland Empire, which includes Riverside and San Bernardino Counties, has a network of innovation centers that drive investment and job growth. The City of Riverside is committed to building inclusive partnerships for sustainable, resilient economic development through strategies to stimulate a favorable investment climate, welcome entrepreneurship, encourage industry and talent diversity, expand living wage jobs and support our unique quality of place. As a world-class city of Arts and Innovation, Riverside is the city of choice in Southern California: a place where people of diverse talents choose to work and live and where entrepreneurs and businesses choose to locate and invest. The City offers a rich agricultural heritage, unique architecture, affordable housing stock and business friendly environment that is unique to Southern California.
Anchored by two historic performing arts centers managed by Live Nation, downtown Riverside offers the best in nightlife and entertainment, all within steps of the Riverside Convention Center and downtown hotels. A lively restaurant, bar/pub and nightclub scene is a constant in downtown Riverside, with numerous annual festivals, including the famed six-week Festival of Lights (the Top Holiday Lighting event in the United States), the Lunar Fest, and Dicken’s Festival regularly enlivening downtown.
Total Space Available
6,666 sqft
Sale Price
$2,600,000
Place
Mission Inn Hotel & Spa
Hotel
0.8 miles
2 min.
/drive
Riverside City College
College
1.4 miles
4 min.
/drive
Riverside Plaza
Retail
3.3 miles
6 min.
/drive
UCR
University
3.4 miles
7 min.
/drive
CommuterRail
Downtown Riverside Metro Link Station
1.2 miles
5 min.
/drive
Airport
Ontario International Airport
14.4 miles
20 min.
/drive
Get in touch
Eric Chen
Lic: 01489184
Blake Torgerson
Lic: 01919955
Mikel Dominguez
Lic: 02189109