3060 Panorama Rd | Riverside, CA 92506
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- LoopNet Team
3060 Panorama Rd
Riverside, CA 92506
Multifamily Property For Sale
·
12 Units
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Acquire 10 Townhome Style Units + Two Single Story Layout Duplex on Huge 2.58 Acre Lot with Views in Riverside
- Large Size Units with Approximately 20% Upside in Rents
- Single Story Duplex Layout for Two Units (Originally Owner’s Unit)
- Currently 4.98% Cap Rate on Current Income, 6.47% Cap Rate at Market Rents
- Featuring One-and-Two-Bedroom Floor Plans | Average Unit Size of 1,211 SF
- Most Units Have Been Upgraded with Modern Finishes that feature Washer & Dryer
PROPERTY FACTS
| No. Units | 12 | Lot Size | 2.63 AC |
| Property Type | Multifamily | Building Size | 23,779 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 2.17/1,000 SF |
| Zoning | R3 - Multiple Dwelling Zone | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.63 AC |
| Building Size | 23,779 SF |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | R3 - Multiple Dwelling Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Oven
- Range
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Public Transportation
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,595 | 830 |
| 2+1 | 1 | $1,675 | 1,150 |
| 2+2 | 4 | $2,010 | 1,225 |
| 2+2.5 | 6 | $1,848 | 1,275 |
PROPERTY TAXES
| Parcel Number | 219-250-006 | Improvements Assessment | $710,995 |
| Land Assessment | $858,099 | Total Assessment | $1,569,094 |
PROPERTY TAXES
Parcel Number
219-250-006
Land Assessment
$858,099
Improvements Assessment
$710,995
Total Assessment
$1,569,094
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