1652 4th, Norco, CA 92860
- $799,000
- List Price
- $799,000
- Status
- ACTIVE
- MLS#
- OC26089123
- Year Built
- 1950
- Lot Size
- 11,326
- Acres
- 0.26
- Lot Location
- Rectangular Lot
- Days on Market
- 69
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- One Level
Property Description
1652 4th Street in Norco presents a 4 unit investment opportunity positioned on a large 11,326 sq ft flat lot with CG General Commercial zoning, offering immediate income with strong future upside. The property consists of two 2 bedroom 1 bath units and two 1 bedroom 1 bath units, providing a balanced unit mix that appeals to a wide tenant base. Built in 1950, the asset has been consistently maintained and includes four garage spaces along with approximately 25 total parking spaces, a rare and highly functional feature that supports both residential use and potential commercial flexibility. The site layout, flat topography, and surplus parking create multiple value add angles for an investor looking to increase rents, improve operations, or reposition the property over time. Located in the path of ongoing development, this property benefits from its General Commercial zoning which opens the door to future redevelopment or mixed use potential as the area continues to evolve. Ideal for an investor seeking stable cash flow today with long term upside through repositioning or land use change, this is a strategic acquisition in a growing and increasingly desirable Norco corridor.
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Additional Information
- Appliances
- Gas Oven, Refrigerator
- Pool Description
- None
- Heat
- Natural Gas, Wall Furnace
- Cooling Description
- None
- Exterior Construction
- Wood Siding
- Roof
- Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Unfurnished
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $51,000
- Operating Expense
- 5992
Listing courtesy of Listing Agent: Shawn Smithson (shawn@smithsonrealtygroup.com) from Listing Office: RE/MAX One.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.