23
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$799,000
Est. payment /mo
6 Beds
4 Baths
0.26 Acres Lot
Pending
1652 4th Norco, CA 92860
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID OC26089123
Bedrooms 6
Lot Size 0.260 Acres
Lot Dimensions 60x185
Property Sub-Type Res Income 2-4 Units
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
Community Horse Trails
Zoning Assessor
Direction East on Fourth Street from Hamner to the property
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 127180024
Acceptable Financing Cash
Listing Terms Cash
Listed by Shawn Smithson, DRE#01706033 RE/MAX One
NEARBY SCHOOL & BUSINESS