9079 Colony Pl, Riverside, CA, 92503
About This Home
Excellent investment opportunity. This well-maintained fourplex offers a desirable unit mix of three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit, providing strong rental appeal and excellent income potential. Recent property improvements include a new roof and fresh exterior paint, enhancing both curb appeal and long-term value. The property features 4 separate electric meters, 4 separate gas meters, and 1 shared water meter, making utility management efficient. Additional income potential is provided by the community coin-operated laundry room, while 8 on-site parking spaces offer ample parking for residents. Conveniently located near shopping, dining, schools, parks, and major freeways, this income-producing property is situated in a highly desirable rental market. Whether you’re an experienced investor or looking to add a quality multifamily asset to your portfolio, 9079 Colony Place offers a combination of recent upgrades, desirable amenities, and strong long-term investment potential.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1978
Type & Style
- Home type: MultiFamily
- Property subType: Quadruplex
Interior
Appliances
- Laundry features: Common Area,Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 9
- Bathrooms: 5
Features
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: None
- Cooling features: Central Air
Interior Area
- Total structure area: 4,113
- Total interior livable area: 4,113 sqft
Property
Details
- Parcel number: 191071005
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Lot size: 9,148 sqft
- Features: Landscaped
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Riverside County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,826 | $81,912 |
| Home Insurance * | $303 | $3,636 |
| Property Taxes | $1,274 | $15,288 |
| Electricity | $881 | $10,583 |
| Total | $9,284 | $111,408 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-20 | Listed for sale | $1,350,000 |
| 2026-04-15 | Listing removed | $2,200 |
| 2026-03-04 | Price change | $2,200 |
| 2026-02-03 | Listed for rent | $2,350 |
| 2018-04-13 | Sold | $725,000 |
| 2007-08-02 | Sold | $770,000 |
| 2004-12-23 | Sold | $615,000 |
| 2003-04-04 | Sold | $350,000 |
View on Zillow