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11937 Knoefler Dr
Riverside, CA 92505
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Located within Prime Riverside Neighborhood – Adjacent to La Sierra University
- Well Maintained Property with Excellent Curb Appeal
- Great Unit Mix of 2-Bedroom and 3-Bedroom Floorplans – Highly Sought After by Students and Faculty of La Sierra University
- Convenient Access to La Sierra University via a 1-Minute Bike Ride or 5-Minute Walk
- Property Features Low Maintenance Drought Tolerant Landscaping, New Paint, and Upgraded Vinyl Windows
- Stabilized Rents with Upside – Average Monthly Rent of $1,254 with Opportunity for Approximately 10% Rental Growth to Achieve Pro Forma Rents through
Property Facts
| No. Units | 7 | Lot Size | 0.86 AC |
| Property Type | Multifamily | Building Size | 4,290 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | Parking Ratio | 3.26/1,000 SF |
| Zoning | R1 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 4,290 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 3.26/1,000 SF |
| Zoning | R1 |
Amenities
Unit Amenities
- Air Conditioning
- Ceiling Fans
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,225 | 572 |
| 3+1 | 1 | $1,425 | 858 |
Property Taxes
| Parcel Number | 141-240-015 | Improvements Assessment | $1,450,000 |
| Land Assessment | $600,000 | Total Assessment | $2,050,000 |
Property Taxes
Parcel Number
141-240-015
Land Assessment
$600,000
Improvements Assessment
$1,450,000
Total Assessment
$2,050,000
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