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Riverside, CA

$4,500,000

4505 Allstate Drive, Riverside, CA
1989
Built
10
Days listed

About this home

***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.

Facts & features

Interior
Laundry
None
Exterior & lot
Lot size
0.75 acres (32,670 sq ft)
Year built
1989
Community
Area
252 - Riverside
County
Riverside
Listing details
Status
Active
Property type
Office
Days on market
10
Listed
2026-04-07
Original price
$4,790,000
Terms
Cash, Cash To New Loan
Parcel #
207180022
MLS #
IV26074452
Listed by
BLANCA ALVAREZ · ALTICORE REALTY
909-606-0888BAlvarezRealtor@yahoo.comDRE #01801789

Location

Price history

Listed
$4,790,000 · 2026-04-07
Price reduced
$4,500,000 (−$290,000)
Days on market
10
Current price
$4,500,000
Financing

Could this home be yours?

Estimated monthly payment
$28,229
$22,754 principal & interest · $5,475 taxes & insurance
$900,000
Estimate only
Loan $3,600,000

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Listing data provided by CRMLS

Listing courtesy of ALTICORE REALTY. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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 listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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