4027 Dwight AVE new Save Request In-Person Tour Request Virtual Tour
Riverside,CA 92507
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,273 sqft
Price per Sqft $467
MLS Listing ID CV25052736
Bedrooms 2
Full Baths 2
Year Built 1943
Lot Size 6,098 Sqft
Property Sub-Type Duplex
Property Description
Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550–$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Bank's Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of alley access, and a price point under $600,000 in a low-tax county, this property is a rare find. Whether you're looking to invest, supplement your mortgage with rental income, or build long-term wealth, 4027 Dwight Ave delivers.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R2
Rooms
Other Rooms Two On A Lot
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Fireplaces Type None
Laundry Washer Hookup,Electric Dryer Hookup,In Garage
Exterior
Parking Features Door-Single,Garage,Garage Door Opener,No Driveway,Garage Faces Rear,RV Access/Parking
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool None
Community Features Curbs,Storm Drain(s),Street Lights,Suburban,Sidewalks,Park
Utilities Available Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Composition,Shingle
Building
Lot Description Back Yard,Front Yard,Level,Near Park,Near Public Transit,Rectangular Lot,Sprinkler System,Yard
Dwelling Type Duplex
Story 1
Foundation Raised
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Riverside Unified
Others
Acceptable Financing Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA,Fannie Mae,Freddie Mac,VA Loan
Listing Terms Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange,FHA,Fannie Mae,Freddie Mac,VA Loan
Special Listing Condition Standard