4 Homes On A Lot! 3879 Dykes Ln 4 Unit Apartment Building $1,599,000 ($399,750/Unit) 6.68% Cap Rate Riverside, CA 92503

3879 Dykes Lane presents a rare opportunity to acquire four detached residential homes situated on a single parcel in Riverside's Arlington area. The property offers a flexible ownership structure that can support a variety of investment and occupancy strategies, including traditional rental operations, multigenerational living arrangements, or an owner-occupant model with supplemental rental income. Each residence is reported to have its own private yard, separate utility meters, and dedicated laundry area, providing operational independence and tenant appeal.
The asset benefits from a cul-de-sac setting within an established residential neighborhood and offers convenient access to major Riverside transportation corridors, retail services, schools, and employment centers throughout the Inland Empire. Riverside continues to serve as a key population and employment hub within Southern California, supporting long-term housing demand from both residents and workforce households.
With three of the four homes reportedly available for immediate occupancy, buyers may have the ability to implement renovation programs, adjust leasing strategies, or accommodate extended family needs without waiting for future turnover. The combination of multiple detached dwellings, independent utility configurations, and a sizable residential parcel creates a distinctive offering that is difficult to replicate in today's market. This property provides investors with the opportunity to acquire a multifamily asset that functions more like a collection of individual homes while maintaining the efficiencies of a single ownership structure.