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Listed by Todd Wohl • Premiere Estates International Real Estate
$11,000,000
Est. payment /mo
33,884 SqFt
UPDATED:
08/23/2024 05:24 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 33,884 sqft
Price per Sqft $324
MLS Listing ID CRSB24174317
HOA Y/N No
Originating Board Datashare California Regional
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
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Water Public
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