Skip to main content

Stacey Alysson Melman

3080 Elgin DR
Riverside, CA, 92507
$1,030,000
Beds
0 Baths
0 SqFt
0.15 Acres
Add
MLS #CV26204711 image #0
We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside’s University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,600 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a growing student population and convenient regional connectivity via I-215, SR-60 and SR-91, supporting rental demand from students, families and working professionals alike.
AGENT: Sean Hwangbo
LISTING BROKERAGE: TNG REAL ESTATE CONSULTANTS
3080 Elgin DR
Riverside, CA

Property Details

Price:
$1,030,000
MLS #:
CV26204711
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
252riverside
Listed Date:
Sep 18, 2026
Total Sq Ft:
4,200
Lot Size:
6,529 sqft / 0.15 acres (approx)
Year Built:
1964
252 – Riverside252riverside
Ask a Question

See this Listing

Send
  

Schools

Interior

Cooling
WW
Laundry Features
IR, OUT

Exterior

Common Walls
_2CW
Community Features
SDW
Garage Spaces
4
Parking Spots
8
Parking Total
8

Financial

HOA Fee
$700
HOA Fee Frequency
MO
Net Operating Income
$41,457

Map

Community

Similar Listings Nearby

broker reciprocity
MLS# IG26147297broker reciprocity
875 Clark
Riverside, CA

$1,300,000

2.0 miles away

broker reciprocity
MLS# IV26135926broker reciprocity
7108 Luane TR
Colton, CA

$1,299,000

4.0 miles away

broker reciprocity
MLS# DW26159297broker reciprocity
5419 Deveron CT
Riverside, CA

$1,295,000

2.4 miles away

broker reciprocity
MLS# IV26136765broker reciprocity
2154 Gainsborough
Riverside, CA

$1,275,000

4.8 miles away

broker reciprocity
MLS# CV25251092broker reciprocity
7158 Golden Vale
Riverside, CA

$1,200,000

4.7 miles away

broker reciprocity
MLS# IV26090481broker reciprocity
14182 Crystal View
Riverside, CA

$1,199,000

5.0 miles away

broker reciprocity
MLS# IV26106680broker reciprocity
11517 Tulane
Riverside, CA

$1,199,000

2.6 miles away

broker reciprocity
MLS# TR26131966broker reciprocity
12201 Michigan
Grand Terrace, CA

$1,160,000

3.3 miles away

broker reciprocity
MLS# IV26071438broker reciprocity
5978 Copperfield AV
Riverside, CA

$1,150,000

3.6 miles away