4027 Dwight Avenue, Riverside, CA 92507

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$595,000

bedrooms

bathrooms

square feet

1,273

Acreage

0.13999081726354454

Open Houses

year built

1943

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Riverside
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: CV25063737

Listing agent: Caleb Hanson #01773995

Listing broker: Kw College Park (909) 625-8400

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 3:25 p.m. EDT

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