3741 Harvill Ln - Apartments FOR SALE


Riverside, CA 92503
$1,800,000 USD
818-298-8810
3741 Harvill Ln, Riverside, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/15
null | 5.21% Cap Rate

3741 Harvill Ln
Riverside, CA 92503


HIGHLIGHTS

  • Eight Unit Property with 1, 2 & 3 Bedroom Units
  • Ten One-Car Garages Plus Additional On-Site Parking
  • Plumbing Upgrades Conducted in 2024
  • Central Air Conditioning in Each Unit
  • Across the Street from Villegas Middle School
  • Close Proximity to the 91-Freeway

OVERVIEW

* Eight Unit Property with 1, 2 & 3 Bedroom Units * Ten One-Car Garages Plus Additional On-Site Parking * Plumbing Upgrades Conducted in 2024 * Central Air Conditioning in Each Unit * Across the Street from Villegas Middle School * Close Proximity to the 91-Freeway * Located on the Border of Corona and Riverside The property at 3741 Harvill Lane in Riverside, California, is an eight-unit apartment building constructed in 1975. Spanning 7,340 square feet situated on 10,454 square feet of land, it offers a mix of Four 1-bedroom units; two 2-bedroom units, and two 3-bedroom units. Amenities include ten one-car garages plus additional back and side parking; a spacious on-site laundry facility, and central air conditioning and heating. In 2024 the property underwent significant plumbing upgrades and other capital improvements allowing a new owner to focus on more aesthetic value-add components for the Subject Property. Strategically located on the border of Corona and Riverside, this complex benefits from the region's robust commercial real estate market. In addition, the property’s close proximity to the 91-freeway provides another incentive for local residents. Directly across the street from the property is Villegas Middle School, which has an enrollment of approximately 1,262 students, a large sports field, open spaces and a community events hall.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$245 USD /SF

# OF UNITS

8

PRICE/UNIT

$225,000

CAP RATE

5.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,424 SF

ZONING

R-1,Riverside County

APN/PARCEL ID

135-151-006

ASK ABOUT THIS PROPERTY

Kirk GarabedianKW CommercialMore Info
818-298-8810

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Kirk GarabedianKW CommercialMore Info
818-298-8810

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