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

Overview

Active

Listed Apr 7, 2026

Updated Jun 2

***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, ALTICORE REALTY, CA DRE 01801789

Listing Contact: 818-321-1286

Based on information from the CRISNet MLS as of 6/2/2026, 7:22 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.