2032 W Linden St Riverside, CA 92507
Eastside NeighborhoodHighlights
- In Ground Pool
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- 1.52 Acre Lot
- Laundry Room
- 5-minute walk to Patterson Park
About This Home
We are pleased to present the exclusive opportunity to acquire 63 units across two contiguous parcels, consisting of the La Paz and Las Palmas Apartments. Located in the heart of Riverside, these assets offer a premier foothold in one of Southern California’s most high-demand rental markets. These well-maintained assets occupy a prime location at 2032 and 2052 Linden Street, offering tenants unparalleled convenience and a high-quality lifestyle. The properties are located just minutes from the vibrant Downtown Riverside district, the historic Mission Inn Hotel and Spa, and major educational anchors including Riverside City College, Cal Baptist University and the University of California, Riverside. Commuters benefit from immediate access to the Metrolink Downtown Riverside Station and a sophisticated regional transportation network. With proximity to the 91, 10, 60, and 215 freeways, the property serves as a central hub connecting residents to major employment centers across Riverside, San Bernardino, Orange, and Los Angeles Counties. The community offers a secure environment through gated entry and perimeter fencing, complemented by a suite of amenities including a community swimming pool, shared laundry facilities, and an outdoor BBQ area. The architecture is defined by a classic stucco and stone aesthetic, framed by lush, mature landscaping. Property infrastructure includes both covered and surface parking for resident convenience. Two-car garages are also available for lease, ideal for both parking and additional storage. Interior features include functional kitchens equipped with oven ranges, ceiling fans, vertical blinds, and a mix of tile or vinyl wood flooring. Each unit is further serviced by wall-mounted air conditioning and heating units. These stable, well-maintained assets provides immediate income security and remains a highly attractive destination for residents seeking quality housing in a well-established submarket. The portfolio’s proven performance and strategic location make it an ideal acquisition for a wide range of investors. Whether tailored for a first-time purchaser looking for scale, a seasoned institutional investor expanding a regional footprint, or a 1031 exchange buyer requiring a reliable, low-vacancy asset, these contiguous properties offer long-term stability and an exceptional foothold in the thriving Inland Empire economy.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 1.52 Acre Lot
- Two or More Common Walls
- 211151008
Parking
- 20 Open Parking Spaces
- 5 Car Garage
- 25 Carport Spaces
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 46,834 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Pool
- In Ground Pool
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Assessor Parcel Number 211151009
- $1,453 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 63 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 63 Leased Units
- 63 Separate Electric Meters
- 63 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $6,898
- Fuel Expense $4,395
- Gardener Expense $9,483
- Insurance Expense $65,501
- Maintenance Expense $47,250
- Other Expense $12,600
- Pest Control $2,604
- Pool Expense $10,003
- Professional Management Expense $76,328
- Supplies Expense $7,335
- Trash Expense $21,347
- Water Sewer Expense $15,724
- New Taxes Expense $157,857
- Operating Expense $437,326
- Gross Income $1,295,563
- Net Operating Income $793,460
Map
Home Values in the Area
Average Home Value in this Area
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 | $48,849 | $4,409,083 | $499,504 | $3,909,579 |
| 2023 | $48,849 | $4,237,874 | $480,108 | $3,757,766 |
| 2022 | $47,764 | $4,154,780 | $470,695 | $3,684,085 |
| 2021 | $46,991 | $4,073,315 | $461,466 | $3,611,849 |
| 2020 | $46,643 | $4,031,549 | $456,735 | $3,574,814 |
| 2019 | $45,781 | $3,952,500 | $447,780 | $3,504,720 |
| 2018 | $44,906 | $3,882,750 | $439,000 | $3,443,750 |
| 2017 | $21,566 | $1,794,417 | $415,066 | $1,379,351 |
| 2016 | $20,251 | $1,759,385 | $406,928 | $1,352,457 |
| 2015 | $19,977 | $1,733,075 | $400,816 | $1,332,259 |
| 2014 | $19,909 | $1,699,279 | $392,965 | $1,306,314 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2026 03/12/26 | For Sale | $14,000,000 | 0.0% | $299 / Sq Ft |
| 03/04/2026 03/04/26 | Off Market | $1,600 | -- | -- |
| 11/15/2025 11/15/25 | Price Changed | $1,600 | 0.0% | $2 / Sq Ft |
| 11/12/2025 11/12/25 | For Rent | $1,600 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26053930
APN: 211-151-009
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Ask me questions while you tour the home.