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4096 Pine Street, Riverside, California 92501, Riverside, 92501 - bed, bath

4096 Pine Street, Riverside, California 92501 home-pic-0
ACTIVE$788,000
4096 Pine Street, Riverside, California 92501
0Bed
0Bath
1,986Sqft
8,712Lot
Year Built
1929
Close
-
List price
$788K
Original List price
$788K
Price/Sqft
$397
HOA
-
Days on market
-
Sold On
-
MLS number
TR25218356
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $788.0K(82th), sqft - 1986(50th), beds - undefined(50th), baths - undefined(50th).

Great investment opportunity. Riverside downtown duplex with 2 individual houses on a 8,712 sqft. corner lot. Each house has its own street address. The house on 4096 Pine Street is a craftsman's style. It offers 1036 sqft. living space with 3 bedrooms and 1 bath. The house on 4361 11th Street is a Spanish style. It offers a 956 sqft. living space with 2 bedrooms and 1 bathroom. Total rentable spaces 1036 sq.ft. Each house has its own gas & electric meters. The two houses share one water meter. Each house has its own private fenced yards. Convenient downtown location near Mt. Rubidoux, The Mission Inn, shops and freeways, 91 & 60. Near UC Riverside and Riverside City College. Both houses are Tenant occupied.

Price History

Date
Event
Price
09/21/25
Listing
$788,000
Condition Rating
Fair
Built in 1929, this duplex is an aged property with no indication of recent extensive renovations. While tenant-occupied and appearing maintained on the exterior, the visible window air conditioning units suggest outdated major systems. Without interior photos, it's highly probable that kitchens and bathrooms are also outdated, requiring minor to moderate updates to meet current quality standards.
Pros & Cons

Pros

Strong Investment Opportunity: This duplex is explicitly marketed as a great investment opportunity, with both units currently tenant-occupied, providing immediate rental income and cash flow for an investor.
Independent Units with Separate Utilities: The property features two distinct houses, each with its own street address, private fenced yard, and individual gas and electric meters, enhancing tenant appeal and simplifying utility management.
Prime Downtown Location: Conveniently located in downtown Riverside, close to major attractions like Mt. Rubidoux and The Mission Inn, shops, freeways (91 & 60), and educational institutions (UC Riverside, Riverside City College), ensuring high rental demand and potential for appreciation.
Generous Corner Lot: Situated on a spacious 8,712 sqft corner lot, offering ample outdoor space, increased privacy, and potential for future landscaping or development (subject to local zoning).
Architectural Character & Views: The property boasts unique architectural styles (Craftsman and Spanish) for each house, adding character, and benefits from mountain views, enhancing its aesthetic appeal.

Cons

Property Age & Potential Maintenance: Built in 1929, the property is nearly a century old, which may imply a need for significant updates to systems (plumbing, electrical) and potential deferred maintenance, leading to higher capital expenditures.
Shared Water Meter: Despite separate gas and electric meters, the two houses share a single water meter, which could complicate utility billing arrangements and potentially lead to disputes between tenants or management challenges for the owner.
Tenant Occupancy for Owner-Occupants: While a strength for investors, the current tenant occupancy means that potential owner-occupants would need to navigate existing leases and potentially wait for vacancies or undertake tenant relocation processes.

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