3401 Ramona Dr | Riverside, CA 92506
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3401 Ramona Dr
Riverside, CA 92506
Ramona Oaks Apartments · Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- Centrally Located 44 Unit Property in Prime Riverside
- Assumable Financing Available at 3.35%
- Attractive Unit Mix Featuring One-Bedroom and Two-Bedroom Units — Average Unit Size of ±809 Square Feet
- ±35,504 SF Building Situated on a Generously Sized ±78,844 SF Lot
- Significant Potential for Rental Upside – Opportunity for Approximately 39% Rental Growth to Achieve Market Rents
- Gated Community and Features Mature Lush Landscaping, Swimming Pool, Laundry Room, and Covered and Surface Parking
PROPERTY FACTS
| No. Units | 44 | Building Size | 35,504 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.14/1,000 SF |
| Lot Size | 1.81 AC | ||
| Zoning | R3 | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.81 AC |
| Building Size | 35,504 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.14/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Balcony
- Patio
SITE AMENITIES
- Laundry Facilities
- Pool
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,382 | 700 |
| 2+1 | 24 | $1,623 | 900 |
PROPERTY TAXES
| Parcel Number | 219-174-011 | Improvements Assessment | $8,150,000 |
| Land Assessment | $2,000,000 | Total Assessment | $10,150,000 |
PROPERTY TAXES
Parcel Number
219-174-011
Land Assessment
$2,000,000
Improvements Assessment
$8,150,000
Total Assessment
$10,150,000
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