Home | Riverside County | Riverside | 92507 | 3080 Elgin Dr
MLS: CRCV26204711 | Status: Active | Price: $1,030,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,529 | 1964 |
We are pleased to present 3080 Elgin Drive, a four-unit multifamily investment located in Riverside's University submarket, approximately two blocks from the University of California, Riverside (UCR). First offered for sale in 38 years, the property provides an investor with a rare opportunity to acquire a well-located asset with significant upside. The property consists entirely of 2BR / 1.5BA townhouse style units averaging approximately 1,050 square feet. Amenities include detached garages, private patios, on-site laundry and access to a common area pool. Gas and electricity are individually metered. Current scheduled rents range from $1,200 to $1,700 per month versus provided market-rent assumptions upwards of $2,375 per unit. The underwriting reflects scheduled rent growth from $69,600 to $114,000 and NOI growth from $41,457 to $84,525, creating a compelling value-add opportunity for an investor focused on long-term income growth. The location benefits from proximity to UCR, a growing student population and convenient regional connectivity via I-215, SR-60 and SR-91, supporting rental demand from students, families and working professionals alike.
| Field | Value |
|---|---|
| MLS # | CRCV26204711 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Cooling | Window/Wall Unit |
| Feature | Details |
|---|---|
| Pool | Community Facility |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 4 Car(s) |
| HOA Fee | $550 |
| Complex Amenities | Barbecue Area, Club House, Community Pool |
Sean Hwangbo
TNG REAL ESTATE CONSULTANTS
License #: 01945497
Phone: (626) 679-7947
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,050 | – | 0/0 | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 3633 Kansas Ave | $948,000 | – | – | – | Active |
| 3076 Lemon | $895,000 | – | – | – | Active |
| 3342 Eucalyptus Ave | $915,000 | – | – | – | Active |
| 205 Waring | $899,000 | – | – | – | Active |
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This listing information is up-to-date as of September 18, 2026. For the most current information, please contact Sean Hwangbo, (626) 679-7947.