9059 Colony Pl

Riverside, CA 92503

$999,950
Price
8
Beds
4
Baths
3,784 Sq. Ft.
$264 / Sq. Ft.
3,784
Sq. Ft.
$264
per Sq. Ft.

Description

Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented...Excellent opportunity to own four units that are leased at below market rents. Property is zoned R3. Not only is the property is conveniently located behind a renovated Stater Brothers shopping center with a Canes nearby, but this investment property can sustain itself. The property generates enough in rents that it will cover the expenses, property insurance, and the mortgage. The four units also comes with a community laundry room that is coin operated. The washer and dryer machines are rented and the 3rd party company takes care of everything. The landlord nets about $100 per month. The investment property also has eight to nine parking spots. See attached supplements for: Property inspection reports, title, sewage, termite, seller disclosures, and offer template. All you need to do is plop in the price! Be sure to click on the 360 3D matter port tour. MLS only allows for one tour, so I have added the rest on the supplements, if you want to view the other units. Many of the leases renewal will be in the summer. Property will be sold as-is.

Listing Agent

  1. Douglas Lee

    Douglas Lee

    Listing Agent

    Compass

    DRE #01463907

    doug.lee@compass.com

    P: (650)-279-1212

Property Details for 9059 Colony Place

Architectural Style
See Remarks
View
None
Parking Spaces Total
8
Private Pool
No
Cooling Type
Central Forced Air
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Open Houses

Saturday, Apr 5th

1:00 PM - 4:00 PM

Public

Sunday, Apr 6th

1:00 PM - 4:00 PM

Public

LISTING UPDATED: 03/29/2025 03:34 AM

Property Details for 9059 Colony Place

StatusActive
MLS #AR25048685
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1978
Lot Size0.22 AC / 9,583 SF
CountyRiverside County
Buyer's Agent Compensation2%

Virtual Tour

Building Information for 9059 Colony Place

Stories2Residences-Year Built1978Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 9059 Colony Place

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $96,180
  • Gross Scheduled Income: $96,180
  • Gross Operating Income: $96,180
  • Net Operating Income: $71,798
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $24,382
  • New Taxes Expense: $16,875
  • Gardener Expense: $480
  • Fuel Expense: $0
  • Electric Expense: $1,800
  • Insurance Expense: $3,227
  • Trash Expense: $1,000
  • Water Sewer Expense: $1,000
  • Total Expenses: $24,382
Tax / Assessment Info
  • Tax Tract Number: 8330
  • Tax Census Tract: 315.04
  • CFD/Mello-Roos Fee: $168
  • Tax Lot: 4
Community / Development
Community / Development
  • Accessibility Features: See Remarks
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Refrigerator
  • Equipment: Community, Other, Refrigerator
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Cul-De-Sac, Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Parking Space, Private, Uncovered
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Paved, On Site, Parking Space, Private, Uncovered
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,920
  • Unit Type Total Rent: $1,920
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 9059 Colony Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9059 Colony Place

Taxable ValueLand$123,301Additions$479,272Total$602,573
Tax Record2024$6,762 ($563 / month)
Home Facts
Total Finished SqFt3,784 SqFtAbove Grade Finished SqFt3,784 SqFtStories2Lot Size9,583 SqFtStyleQuadraplexYear Built1978ZoningR3CountyRIVERSIDEAPN191-071-007

Schools near 9059 Colony Place

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Jackson Elementary School
PublicK to 6

Chemawa Middle School
Public7 to 8

Ramona High School
Public9 to 12

Sunshine Special Education School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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9059 Colony Place is a multi-family home for sale in Riverside, CA 92503. This property was listed for sale on March 25, 2025 by Compass, it's currently listed at $999,950. It has been on the market for a total of 4 days and was last sold on February 27, 2024. This listing's school district is Riverside Unified School District. Nearby schools include Jackson Elementary School, Chemawa Middle School and Ramona High School. 9059 Colony Place is a 8-bed, 4-bath, 3,784 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Douglas Lee, DRE #01463907

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.