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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$799,000

Est. payment - /mo

0.26 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26089123

HOA Y/N No

Year Built 1950

Lot Size 0.260 Acres

Lot Dimensions Assessor

Property Sub-Type Quadruplex

Property Description

1652 4th Street in Norco presents a well maintained 4 unit investment opportunity positioned on a large 11,326 sq ft flat lot with CG General Commercial zoning, offering immediate income with strong future upside. The property consists of two 2 bedroom 1 bath units and two 1 bedroom 1 bath units, providing a balanced unit mix that appeals to a wide tenant base. Built in 1950, the asset has been consistently maintained and includes four garage spaces along with approximately 25 total parking spaces, a rare and highly functional feature that supports both residential use and potential commercial flexibility. The site layout, flat topography, and surplus parking create multiple value add angles for an investor looking to increase rents, improve operations, or reposition the property over time. Located in the path of ongoing development, this property benefits from its General Commercial zoning which opens the door to future redevelopment or mixed use potential as the area continues to evolve. Ideal for an investor seeking stable cash flow today with long term upside through repositioning or land use change, this is a strategic acquisition in a growing and increasingly desirable Norco corridor.

Location

State CA

County Riverside

Area 250 - Norco

Interior

Interior Features Ceiling Fan(s), Unfurnished

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Carpet, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator

Laundry None

Exterior

Exterior Feature Rain Gutters

Parking Features Garage, On Site, Oversized

Garage Spaces 4.0

Garage Description 4.0

Fence Block, Chain Link

Pool None

Community Features Horse Trails, Stable(s), Lake, Street Lights

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Shingle

Accessibility No Stairs

Total Parking Spaces 25

Private Pool No

Building

Lot Description Rectangular Lot

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 127180024

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Shawn Smithson RE/MAX One 949-371-5569, DRE #01706033

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1652 4th Norco, CA 92860