310-704-3616
4641-4645 Arlington Ave, Riverside, CA for Sale
Apartments - FOR SALE
1/49
null | Request Cap Rate

4641-4645 Arlington Ave
Riverside, CA 92504
Magnolia Center


HIGHLIGHTS

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

OVERVIEW

Trust sale - CALL FOR OFFERS - 44 unit multifamily complex minutes from the 91 freeway and downtown Riverside. Courtyard design with ample above ground parking for tenants. Within minutes of the 91 and 15 interchange for easy commuting. 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 2024. Tenant pays gas, electricity, internet. Two building and two APNs. Property is sold in As Is condition, seller will not make any repairs. No city rent caps.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

44

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CALL FOR OFFERS

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

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

Todd WohlBraun InternationalMore Info
310-704-3616

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