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3717 Roosevelt St 4 Unit Apartment Building Offered at $1,140,000 at a 6.49% Cap Rate Riverside, CA 92503
INVESTMENT HIGHLIGHTS
- ProForma CAP Rate of 6.49% with a ProForma GRM of 11.31 Current CAP Rate of 5.36%
- Attractive unit mix of 2-bed 1-bath Units.
- Storage units & Private Patios available for select units
- Tenants are responsible for all utilities, with the exception of water, which is paid by ownership.
- Located in the desirable Arlington district of Riverside, an area with consistent occupancy & strong rental demand.
- Ample Parking for each unit
EXECUTIVE SUMMARY
3717 Roosevelt Street presents a well-located 3+1 multifamily opportunity in one of Riverside’s most stable residential corridors. The property consists of three 2-bed/1-bath units plus an additional non-conforming 2-bed/1-bath unit, offering an attractive unit mix and strong income potential. Current rents remain below market, providing a clear path to upside through standard turnover and light interior improvements, with pro forma gross income projected at $100,800 annually. Operating costs are lean, and the 1960s construction profile supports efficient, predictable management with minimal deferred maintenance concerns. Positioned near major employment centers, retail hubs, and key transportation routes, the asset delivers a compelling blend of stability, cash-flow growth, and long-term appreciation—making it an ideal acquisition for investors seeking well-located, manageable multifamily in the heart of Riverside.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,140,000 | Apartment Style | Low-Rise |
| Price Per Unit | $285,000 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 2,764 SF |
| Cap Rate | 6.49% | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.31 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1966 |
| Property Type | Multifamily | ||
| Zoning | R3 | ||
| Price | $1,140,000 |
| Price Per Unit | $285,000 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| Gross Rent Multiplier | 11.31 |
| No. Units | 4 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.21 AC |
| Building Size | 2,764 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Zoning | R3 |
AMENITIES
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 695 |
1 1
Walk Score®
Very Walkable (85)
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3717 Roosevelt St
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