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.
Details
| MLS # | OC26089123 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1950 |
| Days On Site | 169 |
| Listing Provided By | RE/MAX One | Shawn Smithson |
Features
| SQ Feet | 2,235 |
|---|---|
| Garage | 4 |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.26 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans, Unfurnished |
| Appliances | Gas Oven, Refrigerator |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Roof | Shingle |
| Construction Materials | Wood Siding |
| Foundation Details | Slab |
| Lot Features | Rectangular Lot |
| Fencing | Block, Chain Link |
Parking
| Parking Features | Garage, On Site, Oversized |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Horse Trails, Stables, Lake, Street Lights |
|---|
Area Information
| State | CA |
|---|---|
| County | Riverside |
| City | Norco |
| Zip Code | 92860 |
| Area | 250 Norco |
| Listing VS Median (in 92860) | |
Price: $799,000 low | high Med: $1,050,000 sqft: 2,235 low | high Med: 999 $ / sqft: $357 low | high Med: $1,051 On site: 169 low | high Med: 487 | |
Market Activity 92860
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Learn More About This Property
| State | CA |
|---|---|
| County | Riverside |
| City | Norco |
| Zip Code | 92860 |
| Area | 250 Norco |
| Listing VS Median (in 92860) | |
Price: $799,000 low | high Med: $1,050,000 sqft: 2,235 low | high Med: 999 $ / sqft: $357 low | high Med: $1,051 On site: 169 low | high Med: 487 | |