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10359 Gould Street, Riverside, CA 92505

$1,863,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Tony Lee | tony@tonyleeco.com
Lic#: 01034072
Broker: Courtesy of Elite Homes Realty
Phone: 562-688-2505

Agent Remarks

Rare ±0.85-acre infill site Zoned R-3-1500 Multi-Family Residential in city of Riverside. Corner of Tyler street and Alrington Ave. Received conceptual approval from the City of Riverside for a 27-unit multifamily project consisting of all 27 units 3-bedroom / 2-bathroom each. Strong Rental Support for 3BR/2BA Units: City of Riverside Section 8 vouchers : $2,851 – $3,320 Riverside County Section 8 v: $3,079 Illustrative Income Potential (at $3,000 per unit/month): 27 units × $3,000/month × 12 months = $972,000 potential gross annual income x 13 gross multiplier = potential furture value when project finished $12,636,000 . This combination of conceptual City approval and proven demand for larger 3BR/2BA units creates an attractive opportunity for multifamily developers and investors seeking an infill project with a clear path forward.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# OC26147016

Price: $1,863,000

HOA Fee is $0.00

Beds: 0

Baths: 0

0.85 acres

Lot size: 0.8500

County: Riverside

Zoning: R3-1500

Lot description: TwentySixToThirtyUnitsAcre

MLS area: 252 - Riverside

Last Updated: 9/16/2026

Days On Market (DOM): 56

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This listing belongs to the 252 - Riverside MLS area

Lat/Long: 33.945092, -117.479708.
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