CRAFTMAN DESIGNED 3 UNIT INVESTMENT 4160 Chestnut St 3 Unit Apartment Building $799,000 ($266,333/Unit) 5.01% Cap Rate Riverside, CA 92501

Discover a rare Craftsman-designed triplex in the heart of Downtown Riverside, offering a unique investment opportunity with timeless character and strong tenant appeal. Situated on a flat, street-to-alley parcel, this property combines functionality with charm, featuring three garages and five additional off-street parking spaces. The expansive backyard is fully usable and enhanced with mature orange and grapefruit trees, creating a serene outdoor environment.
The property includes three distinct units. The primary unit offers two bedrooms, one bath, an enclosed entry porch, glossy hardwood floors, a spacious country-style kitchen, and a separate laundry room. Bright, airy rooms and private access to the rear yard add to its appeal. The second unit features one bedroom, one bath, a cozy fireplace with hearth and mantel, and hardwood flooring throughout. The third unit offers a one-bedroom loft layout, providing a unique living experience.
Residents enjoy a large shaded front porch for relaxation and a fenced side yard perfect for gardening or outdoor gatherings. Located within walking distance to the Mission Inn, top restaurants, nightlife, and entertainment, this property offers both convenience and lifestyle. With minimal tenant turnover and a highly desirable location, this asset is an exceptional addition to any portfolio.