$27,300,000
SOLD OCT 16, 2025
6 Beds
5 Baths
117,840 Sq Ft
295,772 Sq Ft Lot

Recently Sold

$232 Per Sq Ft

2% Below List Price

46 Days on Market

Highlights

  • 6.79 Acre Lot
  • Laundry Room
  • Wall Furnace
  • Cooling System Mounted To A Wall/Window

About This Home

As of October 2025

We are pleased to announce the offering of Springbrook Park Apartments, a 120-unit multifamily property exceptionally well-located in Riverside, California.
Situated at 1100 N Orange Street, the property benefits from a prime position within the thriving Inland Empire market. This strategic location provides investors with direct access to a robust working-class demographic and significant potential for rental upside. Nestled between Nash Street and Columbia Avenue, Springbrook Park Apartments offers residents excellent connectivity to a wide array of amenities, transportation options, and is in close proximity to the University of California, Riverside. This offering represents a compelling opportunity to acquire a well-positioned asset with substantial growth potential in a dynamic Inland Empire submarket.
Constructed in 1971 and thoughtfully situated on a generous 6.79-acre parcel, Springbrook Park Apartments is a well-maintained, two-story community spanning 117,840 square feet. Recent capital improvements, including light interior renovations on turned-over units, position the property for significant value add through continued renovations. The community offers a desirable mix of one-bedroom, two-bedroom, and three-bedroom residences designed to meet various tenant needs.
Residents enjoy a host of on-site amenities that include a central laundry facility, fitness center, playground, and a basketball court. The property also features controlled access for enhanced security, and mature, lush landscaping creating a pleasant atmosphere. Practical amenities such as ample surface parking and dedicated on-site maintenance and property management contribute to a well-managed community.
Individual units have been significantly upgraded and feature a variety of appealing interior amenities. These include the convenience of central air conditioning and heating, and fully equipped kitchens. Residents will also find a blend of vinyl wood flooring and carpeting in select areas, vertical blinds, ceiling fans, and mirrored closet doors. The property’s prime location offers residents easy walking access to nearby shopping, dining, and entertainment options, while also providing excellent accessibility to major highways.
The property offers convenient access to major transportation arteries, including the 91, 215, 60, and 10 freeways, facilitating easy travel throughout the region and connecting to San Bernardino, Orange, and Los Angeles Counties.

Last Agent to Sell the Property

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 05/23/2025

Last Buyer's Agent

Eric Chen

CB RICHARD ELLIS Brokerage Phone: 626-757-5717 Listed on: 05/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 6.79 Acre Lot
  • Two or More Common Walls

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 117,840 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 200 Open Parking Spaces
  • 200 Parking Spaces

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 42300
  • Assessor Parcel Number 206080014
  • $3,291 per year additional tax assessments

Community Details

Overview

  • 15 Buildings
  • 120 Units

Amenities

  • Laundry Facilities

Building Details

  • 120 Leased Units
  • Rent Control
  • 120 Separate Electric Meters
  • 120 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $103,737
  • Fuel Expense $35,114
  • Insurance Expense $112,639
  • Maintenance Expense $42,737
  • Other Expense $24,000
  • Pest Control $1,200
  • Professional Management Expense $92,075
  • Supplies Expense $42,839
  • Trash Expense $43,450
  • Water Sewer Expense $106,967
  • New Taxes Expense $309,695
  • Operating Expense $1,033,883
  • Gross Income $2,377,160
  • Net Operating Income $1,271,963

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

6.79 Acres

Listing Details

  • CapRate: 4.54
  • Professional Management Expense: 92075.00
  • Property Attached: Yes
  • Supplies Expense: 42839.00
  • Water Sewer Expenses: 106967.00
  • Zoning: R1
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 206080014
  • Year Built: 1971
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 231.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 200.00
  • Uncovered Spaces: 200.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Pest Control Expense: 1200.00
  • Sewer: Public Sewer
  • Trash Expense: 43450.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 295772.00
  • Lot Size Acres: 6.7900

Multi Family

  • Electric Expense: 103737.00
  • Fuel Expense: 35114.00
  • Gross Income: 2377160.00
  • Gross Multiplier: 11.78
  • Gross Operating Income: 2305845.00
  • Gross Scheduled Income: 2377160.00
  • Insurance Expense: 112639.00
  • Laundry Income: 30091.00
  • Lot Size Area: 295772.0000 Square Feet
  • Maintenance Expense: 42737.00
  • Net Operating Income: 1271963.00
  • Number Of Separate Electric Meters: 120
  • Number Of Separate Gas Meters: 120
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 120
  • Number Of Units Total: 120
  • Operating Expense: 1033883.00
  • Other Expense: 24000.00
  • Other Expense Description: Reserves
  • Other Income1: 17808.00
  • Other Income2: 111013.00
  • Rent Control: Yes
  • Total Actual Rent: 2218248.00
  • Total Expenses: 1033883.00

Tax Info

  • New Taxes Expense: 309695.00
  • Tax Census Tract: 423.00
  • Tax Lot: 1
  • Tax Tract Number: 042300
  • TaxOtherAnnualAssessmentAmount: 3291.00
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 Sold $27,300,000 -2.5% $232 / Sq Ft
07/08/2025 07/08/25 Pending -- -- --
05/23/2025 05/23/25 For Sale $28,000,000 -- $238 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,656 $3,064,733 $578,567 $2,486,166
2023 $36,656 $2,945,727 $556,101 $2,389,626
2022 $35,748 $2,887,969 $545,198 $2,342,771
2021 $35,215 $2,831,343 $534,508 $2,296,835
2020 $34,862 $2,802,312 $529,028 $2,273,284
2019 $34,261 $2,747,365 $518,655 $2,228,710
2018 $33,651 $2,711,776 $508,486 $2,203,290
2017 $33,106 $2,658,963 $498,516 $2,160,447
2016 $31,158 $2,607,186 $488,742 $2,118,444
2015 $30,671 $2,568,299 $481,401 $2,086,898
2014 $30,328 $2,518,350 $471,972 $2,046,378
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25115941

California Regional Multiple Listing Service (CRMLS)

APN: 206-080-014

Your Personal Tour Guide

Ask me questions while you tour the home.