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$11,000,000
Est. payment /mo
1.56 Acres Lot
UPDATED:
08/22/2024 07:29 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24174317
Originating Board California Regional MLS
Year Built 1967
Lot Size 1.558 Acres
Property Description
Trust sale - First time on market in decades. 44 unit multifamily complex minutes from the 91 freeway and downtown Riverside. Income growth opportunity, tenant repositioning opportunity. The 91 freeway corridor is one of the fastest growing markets in southern California. Gross income has increased each year from 2022, 2023 and on track for 2024 gross income increase by $90,000. Tenant pays gas, electricity, internet. Two building and two APNs. Property is sold in As Is condition, seller will not make any repairs.
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Laundry Laundry Area
Exterior
Parking Features Carport , Garage, Other
Garage Spaces 43.0
Pool Pool - In Ground, Pool - Yes, Pool - Fenced
Building
Water District - Public
Others
Tax ID 226210019
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Listed by Todd Wohl • Premiere Estates International Real Estate
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033