$2,850,000

Estimated payment $18,349/month

Total Views 16,610
3 Beds
2 Baths
7,852 Sq Ft
$363 Price per Sq Ft

Highlights

  • 0.32 Acre Lot
  • Laundry Room
  • 2-minute walk to Patterson Park
  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

About This Home

Great stable and well maintained 12U in the heart of Riverside about a 5 minute drive from UCR. Property has historically 100% occupancy with consistent cashflow. Long term tenants with ease of management. carports & open parking, gated community with front lawn, and laundry facility. Property will be delivered with all new electric meters. Property is located in the quiet neighborhood of Riverside with several other multifamily properties, single family homes and new/old industrial buildings. There is a park right across the property and schools close by. Centrally located close to 91Fwy, restaurants, and shopping.

Listing Agent

Azhar Sabir

Shamoon Sikora, Broker Brokerage Phone: 714-448-4300 License #01346363 Listed on: 07/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.32 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

Parking

  • 6 Open Parking Spaces
  • 6 Car Garage
  • Carport
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 7,852 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 211111043
  • $452 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 12 Separate Electric Meters
  • 12 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $8,559
  • Professional Management Expense $8,559
  • Trash Expense $5,261
  • Water Sewer Expense $5,284
  • Operating Expense $75,766
  • Gross Income $252,036
  • Net Operating Income $168,783

Additional Features

  • 12 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.92
  • Price Per Unit: 237500
  • Professional Management Expense: 8559.00
  • Property Attached: Yes
  • Water Sewer Expenses: 5284.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 211111043
  • Year Built: 1960
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: living room
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 362.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 5261.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 13939.00
  • Lot Size Acres: 0.3200

Multi Family

  • Gross Income: 252036.00
  • Gross Multiplier: 11.30
  • Gross Operating Income: 244529.00
  • Gross Scheduled Income: 252036.00
  • Gross Spendable Income: 168783.00
  • Insurance Expense: 8559.00
  • Laundry Income: 1800.00
  • Lot Size Area: 13939.0000 Square Feet
  • Net Operating Income: 168783.00
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 75766.00
  • Rent Control: Yes
  • Total Expenses: 75766.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 305.03
  • Tax Lot: 37
  • TaxOtherAnnualAssessmentAmount: 452.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 For Rent $1,950 0.0% --
07/17/2025 07/17/25 For Sale $2,850,000 0.0% $363 / Sq Ft
06/23/2024 06/23/24 Rented $1,570 -1.9% --
03/12/2024 03/12/24 For Rent $1,600 0.0% --
04/22/2015 04/22/15 Sold $1,125,000 -6.3% $129 / Sq Ft
03/02/2015 03/02/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $1,200,000 -- $138 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25161766

California Regional Multiple Listing Service (CRMLS)

APN: 211-111-043