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3511 Chicago Ave
Riverside, CA 92507
Sunshine Apartments · Multifamily Property For Sale · 20 Units

Property Facts

No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 0.51 AC
Building Size 12,211 SF
Average Occupancy 100%
No. Stories 2
Year Built 1962
Parking Ratio 1.67/1,000 SF
Zoning R3, Riverside - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Heating
  • Hardwood Floors

Site Amenities

  • Security System
  • Gated
  • Laundry Service

About 3511 CHICAGO AVE , RIVERSIDE, CA 92507

The Sunshine Apts is complex that sits at the corner of Chicago and Linden streets in the submarket of Riverside. It is located in the designated Enterprise Zone of Riverside – which is seeing an extensive amount of revitalization for the area, It offers a tremendous amount of upside and visibility to the entire neighborhood. . Close enough to all major freeways and Located across the street from the local high school and down the street from the University, tenants have access to shopping, schools and employment which leads to a diverse tenant profile. Each Two story building is comprised of 7 units, and in total there are 20 one bedroom/one bath units --- each very spacious and private. The Offering went thru an extensive period of renovation the last 2 1/2 years which updated and modernized the units. All units have a private balcony/patio with slider and the common area is very akin to a neighborhood park. All units are separately metered for gas and electricity and each has it’s own parking space in the car ports. Located on the corner, this complex is the offers excellent egress and ingess which helps for parking, visitors and tenants. This investment offers the astute investor the opportunity for a better than market returns while at the same time offering a opportunity to capitalize on the upside. The offering is in a desirable sub market in the Inland empire. There is always an overwhelming demand for rentals in this here.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 20 - 595

Property Taxes

Property Taxes

Parcel Number
211-162-016
Land Assessment
$414,325
Improvements Assessment
$1,344,296
Total Assessment
$1,758,621
  • Listing ID: 14479692

  • Date on Market: 11/26/2018

  • Last Updated:

  • Address: 3511 Chicago Ave, Riverside, CA 92507

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