22,496 sqft

$4,500,000

4505 Allstate Drive, Riverside CA, 92501

Price per sqft$200.04

Built in1989

Property size22,496 sqft

Property typeCommercial

Listed by BLANCA ALVAREZ CA DRE# 01801789 with ALTICORE REALTY 818-321-1286

Overview

Active

Listed Apr 7, 2026

Updated 3 weeks ago

***PRICE IMPROVEMENT!!*** Prime 3-Story Office Building | 100% Occupied | 8%+ Cap Rate | Near Downtown Riverside A rare investment opportunity just 5 minutes from Downtown Riverside, CA! This well-maintained 3-story office commercial building offers 100% occupancy with long-term tenants in place, delivering a strong CAP rate of over 8% — ideal for investors seeking immediate cash flow and stability. Located just off Freeways 91 and 215, the property provides excellent accessibility and high visibility, making it attractive to professional tenants and future growth potential. Whether you're expanding your portfolio or entering the Riverside commercial market, this turnkey investment offers both income and upside potential.

Additional information

MLS^® ID: IV26074452

Interior Features

Basement: No

Exterior Features

Lot Size: 0.75 Acres

Other Property Details

Taxes: $28,246
Tax Frequency: Annually
Maintenance Expense: $1,754

Listed by BLANCA ALVAREZ CA DRE# 01801789 with ALTICORE REALTY 818-321-1286

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:49 AM UTC Last Checked: 1:49 AM UTC