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4 Homes On A Lot! 3879 Dykes Ln 4 Unit Apartment Building $2,212,376 CAD ($553,094 CAD/Unit) 6.68% Cap Rate Riverside, CA 92503



Investment Highlights
- Four detached homes are located on a single residential parcel.
- Dedicated laundry areas are provided for each home.
- Three homes are reportedly available for immediate occupancy.
- Each residence includes a private yard and separate utility metering.
- Cul-de-sac location offers limited through traffic.
- Flexible configuration supports investment or multigenerational ownership strategies.
Executive Summary
3879 Dykes Lane presents a rare opportunity to acquire four detached residential homes situated on a single parcel in Riverside's Arlington area. The property offers a flexible ownership structure that can support a variety of investment and occupancy strategies, including traditional rental operations, multigenerational living arrangements, or an owner-occupant model with supplemental rental income. Each residence is reported to have its own private yard, separate utility meters, and dedicated laundry area, providing operational independence and tenant appeal.
The asset benefits from a cul-de-sac setting within an established residential neighborhood and offers convenient access to major Riverside transportation corridors, retail services, schools, and employment centers throughout the Inland Empire. Riverside continues to serve as a key population and employment hub within Southern California, supporting long-term housing demand from both residents and workforce households.
With three of the four homes reportedly available for immediate occupancy, buyers may have the ability to implement renovation programs, adjust leasing strategies, or accommodate extended family needs without waiting for future turnover. The combination of multiple detached dwellings, independent utility configurations, and a sizable residential parcel creates a distinctive offering that is difficult to replicate in today's market. This property provides investors with the opportunity to acquire a multifamily asset that functions more like a collection of individual homes while maintaining the efficiencies of a single ownership structure.
The asset benefits from a cul-de-sac setting within an established residential neighborhood and offers convenient access to major Riverside transportation corridors, retail services, schools, and employment centers throughout the Inland Empire. Riverside continues to serve as a key population and employment hub within Southern California, supporting long-term housing demand from both residents and workforce households.
With three of the four homes reportedly available for immediate occupancy, buyers may have the ability to implement renovation programs, adjust leasing strategies, or accommodate extended family needs without waiting for future turnover. The combination of multiple detached dwellings, independent utility configurations, and a sizable residential parcel creates a distinctive offering that is difficult to replicate in today's market. This property provides investors with the opportunity to acquire a multifamily asset that functions more like a collection of individual homes while maintaining the efficiencies of a single ownership structure.
Property Facts
| Price | $2,212,376 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $553,094 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.42 AC |
| Cap Rate | 6.68% | Building Size | 4,300 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1952/2026 |
| Property Subtype | Apartment | Parking Ratio | 3.25/1,000 SF |
| Zoning | R3 - multi-family residential zone designated for medium-density housing, including apartments, townhomes, condominiums, triplexes, and fourplexes | ||
| Price | $2,212,376 CAD |
| Price Per Unit | $553,094 CAD |
| Sale Type | Investment |
| Cap Rate | 6.68% |
| Sale Condition | High Vacancy Property |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.42 AC |
| Building Size | 4,300 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built/Renovated | 1952/2026 |
| Parking Ratio | 3.25/1,000 SF |
| Zoning | R3 - multi-family residential zone designated for medium-density housing, including apartments, townhomes, condominiums, triplexes, and fourplexes |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 9+4 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 145-280-008 | Improvements Assessment | $97,190 CAD |
| Land Assessment | $45,584 CAD | Total Assessment | $142,774 CAD |
Property Taxes
Parcel Number
145-280-008
Land Assessment
$45,584 CAD
Improvements Assessment
$97,190 CAD
Total Assessment
$142,774 CAD
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4 Homes On A Lot! | 3879 Dykes Ln
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