10359 Gould Street, Riverside, CA 92505

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Beds

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Baths

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Sq ft

About this home

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.

Type

Residential

Year built

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Lot

37,026 sq ft (0.85 ac)

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$11,749/mo

Principal & interest$9,420
Property tax (est.)$1,785
Home insurance (est.)$543

Down payment: 20% ($372,600)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Tony Lee, Elite Homes Realty, 562-688-2505. MLS# OC26147016. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:44 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Innovate Realty, Inc., CA DRE #02215206.