411 Pacific Ave
Riverside, CA 92507
Multifamily Property For Sale
·
12 Units
Property Facts
| No. Units | 12 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 8,372 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1943 |
| Building Class | C | Parking Ratio | 1.79/1,000 SF |
| Zoning | R2 | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 8,372 SF |
| No. Stories | 1 |
| Year Built | 1943 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | R2 |
Amenities
Site Amenities
- Gated
About 411 PACIFIC AVE , RIVERSIDE, CA 92507
A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 411 Pacific Ave., Riverside is an 12-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 4 unit – 2 Bedroom, 8 units – 1 Bedroom. This is an extremely rare investment offer. Great cash flow. Huge upside in Rent (Approx. 15% upside in rent. Stabilized CAP Rate is over 6.43%). Total Building size of 8,372 Rentable SF. and 16,117 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 12 individual water heaters. Assigned 15 Carport parking space for all units. 2 Septic Tanks System and Roof were upgraded in Year 2015. Well maintained property. High rental demand area with very low vacancy rate. Conveniently located near the 215 Freeway. Rents are currently below market with significant upside in this Non-Rent Control area.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $812.50 | 600 |
| 2+1 | 4 | $1,050 | 900 |
Property Taxes
| Parcel Number | 247-102-007 | Improvements Assessment | $655,826 |
| Land Assessment | $376,728 | Total Assessment | $1,032,554 |
Property Taxes
