4641-4645 Arlington Ave - Apartments FOR SALE


Riverside, CA 92504
$9,995,000 USD
310-704-3616
4641-4645 Arlington Ave, Riverside, CA for Sale
$9,995,000 USD
Apartments - FOR SALE
1/49
null | 4.84% Cap Rate

4641-4645 Arlington Ave
Riverside, CA 92504


HIGHLIGHTS

  • minutes from the 91 freeway
  • trust sale
  • close to downtown riverside
  • professionally managed
  • undermarket rents

OVERVIEW

Trust sale – Price Reduction - 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.

FOR SALE DETAILS

PRICE

$9,995,000 USD

PRICE/SF

$238 USD /SF

# OF UNITS

44

PRICE/UNIT

$227,159

CAP RATE

4.84%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Granada Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.77 AC

LAND SF

33,524 SF

ZONING

R3

APN/PARCEL ID

226-210-019,226-210-020

ASK ABOUT THIS PROPERTY

Todd WohlBraun InternationalMore Info
310-704-3616

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Todd WohlBraun InternationalMore Info
310-704-3616

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