Thank you
Diva Rescia
Marcus & Millichap
562-257-1200
***VALUE ADD***Prime Investment Opportunity in the Heart of Inland Empire Nestled in an irreplaceable location, this exquisite apartment building boasts unparalleled value-add potential, making it a coveted asset. Located on a palm tree-lined street, this property exudes curb appeal and charm. Its proximity to Class A buildings further enhances its desirability, ensuring a steady stream of demand from tenants seeking premium accommodations. After an impressive 40-year tenure, this property is now hitting the market, presenting an exceptional opportunity for expansion in the thriving IE market. Don't miss out on the chance to elevate your investment portfolio and capitalize on the booming IE market.
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Water Source : Public
Sewer : Public Sewer
Exterior Property Features : Balcony
Interior Features: Granite Counters,Multiple Staircases
Flooring: Laminate,See Remarks
Year Built: 1961
Building Area Total: 5,019
Balcony
Safe Emergency Egress from Home,Parking
None
Common Area,Electric Dryer Hookup,Gas Dryer Hookup
Balcony
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.2
Lot Size Source: Assessor
Lot Size Square Feet: 8712
Original List Price: 2,300,000
Listing Contract Date: 2024-04-16
Listing Agreement: Exclusive Right To Sell
Parcel Number: 214192007
Tax Year: 2023
Annual Tax: 1607
Garage Description: Assigned
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 252 - Riverside
Directions: mission inn & brockton ave.
Zoning: R3
Source Property Type: Residential Income
Area: 252 - Riverside
Property SubType: Apartment
Property Age: 63
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: ground
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4779 Tequesquite Avenue, Riverside, CA,92501 | $6,750,000 | -- | -- | -- | 120226 Sqft |
Beacon Way, Riverside, CA,92501 | $359,950 | -- | -- | -- | 16998 Sqft |
3806 Stansell Drive, Riverside, CA,92501 | $597,900 | 4 | 2 | 1,643 | 11326 Sqft |
3737 Shamrock Avenue, Riverside, CA,92501 | $669,000 | -- | -- | 1,634 | 8712 Sqft |
4039 Angel Drive, Riverside, CA,92501 | $624,990 | 4 | 3 | 2,054 | 2300 Sqft |
1758 Karley Way, Riverside, CA,92501 | $519,000 | 3 | 2 | 2,111 | 3485 Sqft |
4557 Brandi Lane, Riverside, CA,92501 | $648,000 | 4 | 2 | 2,504 | 3485 Sqft |
4495 Mission Inn Avenue, Riverside, CA,92501 | $889,000 | 5 | 2 | 3,000 | 9148 Sqft |
1415 Rivera Street, Riverside, CA,92501 | $599,999 | 3 | 2 | 1,574 | 7405 Sqft |
3150 Lime Street, Riverside, CA,92501 | $749,900 | 3 | 2 | 1,220 | 5663 Sqft |
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ByOwner last updated this listing 05/05/2024 @ 22:23
MLS: PW24075837
LISTED BY: Diva Rescia, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.