4027 Dwight Avenue, Riverside, CA 92507
-
Listed Price :
$595,000
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Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1943
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.
Interior Features
| Laundry Information |
| Location(s) |
Washer Hookup, Electric Dryer Hookup, In Garage |
| Bedroom Information |
| Features |
Bedroom on Main Level, All Bedrooms Down |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Tile |
| Interior Information |
| Features |
Granite Counters, All Bedrooms Down, Bedroom on Main Level |
| Cooling Type |
Wall/Window Unit(s) |
| Heating Type |
Wall Furnace |
Listing Information
| Address |
4027 Dwight Avenue |
| City |
Riverside |
| State |
CA |
| Zip |
92507 |
| County |
Riverside |
| Listing Agent |
Caleb Hanson DRE #01773995 |
| Courtesy Of |
KELLER WILLIAMS REALTY COLLEGE PARK |
| List Price |
$595,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Duplex |
| Structure Size |
N/A |
| Lot Size |
6,098 |
| Year Built |
1943 |
Listing information courtesy of: Caleb Hanson, KELLER WILLIAMS REALTY COLLEGE PARK. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 30th, 2025 at 1:40 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
