3502-3520 Crestmore Rd - Apartments FOR SALE


Jurupa Valley, CA 92509
$2,050,000 USD
909-418-2071
3502-3520 Crestmore Rd, Jurupa Valley, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/61
null | 5.54% Cap Rate

3502-3520 Crestmore Rd
Jurupa Valley, CA 92509


HIGHLIGHTS

  • First Time on Market in 20 Years
  • Large 1.8 Acre Lot Comprised of Six Individual Houses, One Duplex, and One Non- Conforming House (Approximately 1,200 Square Feet)
  • All Units are 2- and 3-Bedroom Houses | Average Conforming Unit Size of 838 Square Feet
  • Opportunity to Increase Rental Income by Approximately 22% to Achieve Market Rents
  • Offered at 5.54% Cap Rate on Current Income, 7.15% Cap Rate at Market Rents
  • Low Density Lot with Potential Opportunity to Add ADUs (Buyer to Verify with City)

OVERVIEW

CBRE, Inc, is proud to exclusively present a unique 8-unit + 1-non-conforming-unit multifamily investment opportunity located at 3520 Crestmore Road in Jurupa Valley, CA. Situated just west of the thriving Downtown Riverside, this property benefits from its strategic position north of Mission Avenue and west of the Santa Ana River, as well as its proximity to major freeways (60, 91 and 215). 3520 Crestmore Road offer investors a rare chance to acquire a large, oversized lot comprised of individual bungalow style houses within in a well sought-after neighborhood. 3520 Crestmore Road consist of ±6,702 rental square feet with an additional 1,200 non-conforming rental square feet on a ±78,408 square foot lot. The property features low-maintenance landscaping, tenant-paid-for utilities, professional management, ample off-street parking, mountain views, and an oversized lot with the potential ability to add Accessory Dwelling Units (buyer to verify with city). Individual units feature a private detached garages (in select units), individual storage units (in select units), in-unit washers and dryers, air conditioning and heating, and private fenced in yards. Riverside’s strategic location within Southern California positions it as a compelling destination for working professionals. The city’s convenient access to major freeways like the 60, 91, and 215 offers seamless connectivity to Riverside County, San Bernardino County, Los Angeles County, and beyond. This prime location, coupled with a dynamic community, draws a diverse talent pool. Top employers in the healthcare, manufacturing, retail, education and government industries, contribute to Riverside’s thriving economy. The city’s cost of living, while competitive with other Southern California areas, makes it an attractive option for working-class professionals seeking a balance between affordability and quality of life. Residents also enjoy easy access to a variety of cultural attractions within a 20-mile radius. These include the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the convenient Downtown Metrolink Station, the iconic Riverside Fox Theatre, Riverside City College, and the prestigious University of California, Riverside. This combination of career opportunities, cultural amenities, and a strategic location makes Riverside a highly sought-after place to live and work. 3520 Crestmore Road is a prime Riverside income-producing property and a great long-term investment. The property is in a desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

9

PRICE/UNIT

$227,778

CAP RATE

5.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Houses on 1 Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

R1

APN/PARCEL ID

179-320-045

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.