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$1,990,000
Est. payment /mo
5,631 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,631 sqft
Price per Sqft $353
MLS Listing ID CL25563715
HOA Y/N No
Year Built 1956
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Other
Property Description
Private seller financing available. Well-maintained 8-unit property located near UC Riverside. The property consists of two single-story buildings with four 2-bedroom/1-bath units and four 1-bedroom/1-bath units. Units average 704 square feet and feature dual-pane windows; select units offer dual-entry access. The property sits on an 18,296 square foot lot and offers 5,631 square feet of rentable space. Tenants enjoy a large shared grass area and on-site parking. Each unit is separately metered for electricity and gas. Current cap rate is 5.60% with room for upside through rent increases. Located 1.5 miles from UC Riverside with easy access to the 91 and 215 Freeways. Close to shopping, dining, and cultural attractions in Downtown Riverside.
Location
State CA
County Riverside
Zoning R3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 211161009
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Listed by Oscar Diaz • Marcus & Millichap
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