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3739-3749 Jurupa Ave
Riverside, CA 92506
Jurupa Avenue Apartments · Multifamily Property For Sale
·
6 Units
Property Facts
| No. Units | 6 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 4,000 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 0.83/1,000 SF |
| Zoning | R3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R3 |
About 3739-3749 JURUPA AVE , RIVERSIDE, CA 92506
*** Please Contact Listing Agent for OM *** Great Cap Rate & 100% Rent Collection in 2017- At an asking price of $1,025,000 3739 Jurupa, the cap rate on 2017 Actual Income is 5.22%. When adjusting the gross scheduled income to reflect rental increases that go into effect in March 2018, the cap rate on actual income is 5.53%. At a cap rate of 5.53%, 3739 Jurupa is priced better than what similar-sized properties have sold for in the last twelve months, netting the Buyer a better return than other recent opportunities in the Riverside submarket. The Seller was able to collect 100% of the scheduled rent in 2017 due to having zero vacancies and long-term tenants at the property. Great Location- 3739-3749 Jurupa Ave is a community consisting of six units: one (1) two bedroom one bathroom casita, two (2) two bedroom one bath units, and three (3) one bedroom one bathroom units one bath units located in the Magnolia Corridor section of Riverside, with ease of access to the 91 freeway, Magnolia Center and Downtown Riverside. The property is located near various amenities including: Riverside Plaza, multiple supermarkets, transit lines, dining establishments and service providers. The abundance of amenities within a one mile radius provide a strong draw for prospective tenants to the property. Stable Tenant Base - With all six units occupied, 3739-3749 Jurupa provides a strong, consistent income. Historically the property has maintained a high occupancy rate and long-term tenants. Pride of ownership has created a sense of community that will allow any prospective purchaser the opportunity to acquire a stable asset. Strong Riverside Rental Market- Riverside continues to provide a strong rental market for the multi-family investor. With the growth of: University of Calfornia at Riverside, Cal Baptist University and Riverside Community College, as well as the general population, assets in the city have continued to stay occupied with strong market rents. Large outside capital sources have begun to invest in the city and multi-family development to take part in this strong growth trend.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
Property Taxes
| Parcel Number | 218-282-028 | Improvements Assessment | $518,940 |
| Land Assessment | $120,838 | Total Assessment | $639,778 |
Property Taxes
