Own a charming, income-producing duplex just 1.4 miles from the University of California, Riverside - perfect for house hacking, investors, or multigenerational living. Live in one unit and rent out the other, or rent both and watch the cash flow grow. Each unit offers 1 bedroom, 1 bath, updated kitchens with granite counters, durable tile flooring, dual-pane windows for energy efficiency, and fresh interior paint. Both also feature their own private laundry rooms, separate gas and electric meters, and welcoming front porches that enhance curb appeal. The front unit includes a bonus den - ideal as a second bedroom, office, or studio. Rental potential is strong, with projected rents of $1,550–$1,600 per unit and an even greater upside. The detached garage accessed from the alley is eligible for conversion into a third unit (ADU), per Riverside Planning, creating even more income potential. There's also room to expand parking for cars, an RV, or a boat by modifying the existing alley fence. With this convenient location, you can get groceries, enjoy a meal at a restaurant, work out at the gym, go to the post office, and have some outdoor fun at either of two local parks all within half a mile. Commuters will love the easy access to the 91 and 215 freeways. The property qualifies for City National Bank’s Ladder Up program, offering a $20,000 grant toward your down payment and closing costs, plus no mortgage insurance and a 5% down payment minimum. Other down-payment assistance programs are also available. With strong rental demand from UCR students and staff, the flexibility of alley access, and a price point under $600,000 in a low-tax county, this property is a rare find. Whether you’re looking to invest, supplement your mortgage with rental income, or build long-term wealth, 4027 Dwight Ave delivers.
|
DAYS ON MARKET
|
40
|
LAST UPDATED
|
4/14/2025
|
|
YEAR BUILT
|
1943
|
COMMUNITY
|
Riverside
|
|
GARAGE SPACES
|
2.0
|
COUNTY
|
Riverside
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Range, Gas Water Heater, Range Hood, Water Heater |
| AREA |
Riverside |
| CONSTRUCTION |
Vinyl Siding |
| GARAGE |
Door-Single, Garage, Garage Door Opener, Garage Faces Rear, No Driveway, RV Access/Parking, Yes |
| HEAT |
Wall Furnace |
| INTERIOR |
All Bedrooms Down, Bedroom on Main Level, Granite Counters |
| LOT |
6098 sq ft |
| LOT DESCRIPTION |
Back Yard, Front Yard, Level, Near Park, Near Public Transit, Rectangular Lot, Sprinkler System, Yard |
| PARKING |
Door-Single,Garage,Garage Door Opener,No Driveway,Garage Faces Rear,RV Access/Parking |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Bungalow |
| UTILITIES |
Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Mountain(s) |
| WATER |
Public |
| ZONING |
R2 |
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Listed with KELLER WILLIAMS REALTY COLLEGE PARK
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/4/25 6:11 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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