412-416 Glen Ave
Riverside, CA 92507
412 Glen Ave · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 4,925 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Zoning | R2, Riverside | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 4,925 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | R2, Riverside |
Amenities
Site Amenities
- Gated
About 412-416 GLEN AVE , RIVERSIDE, CA 92507
A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 412 Glen Ave., Riverside is an 8-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 1 unit – 2 Bedroom, 7 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 6.18%). Total Building size of 4,925 Rentable SF. and 17,424 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 8 individual water heaters. Assigned 8 Carport parking space for all units. 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 | 7 | $850.00 | 600 |
| 2+1 | 1 | $950.00 | 900 |
Property Taxes
| Parcel Number | 247-102-006 | Improvements Assessment | $761,947 |
| Land Assessment | $275,914 | Total Assessment | $1,037,861 |
Property Taxes
