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Vista Grande West Apartments 4631 Hedrick Ave 42 Unit Apartment Building $10,690,000 ($254,524/Unit) 5.31% Cap Rate Riverside, CA 92505
EXECUTIVE SUMMARY
CBRE is pleased to present The Hedrick Apartments, located at 4631 Hedrick Avenue in Riverside, CA. This property consists of 42 charming units in a gated community. The unit mix consists of (25) 1 Bedroom | 1 Bathroom Units, and (17) 2 Bedroom 2 Bathroom units, with a total building size of ± 32,200 square feet. This property provides several amenities which includes ample parking, laundry facilities, and a sparkling pool. Situated in the La Sierra neighborhood, the apartments are conveniently close to La Sierra University, the Galleria at Tyler, and major freeways like the 91 and I-15. The area is known for its vibrant university-town atmosphere, with plenty of shopping, dining, and recreational options nearby. Hedrick Apartments provides a comfortable and affordable living option in one of Riverside’s most accessible and lively neighborhoods.
PROPERTY FACTS
| Price | $10,690,000 | Apartment Style | Garden |
| Price Per Unit | $254,524 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.71 AC |
| Cap Rate | 5.31% | Building Size | 32,200 SF |
| Gross Rent Multiplier | 11.63 | Average Occupancy | 100% |
| No. Units | 42 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 2.24/1,000 SF |
| Zoning | R1, Riverside - Single-Family Residence | ||
| Price | $10,690,000 |
| Price Per Unit | $254,524 |
| Sale Type | Investment |
| Cap Rate | 5.31% |
| Gross Rent Multiplier | 11.63 |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.71 AC |
| Building Size | 32,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 2.24/1,000 SF |
| Zoning | R1, Riverside - Single-Family Residence |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Range
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 650 |
| 2+2 | 22 | - | 850 |
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PROPERTY TAXES
| Parcel Number | 143-052-001 | Improvements Assessment | $9,402,302 |
| Land Assessment | $1,740,381 | Total Assessment | $11,142,683 |
PROPERTY TAXES
Parcel Number
143-052-001
Land Assessment
$1,740,381
Improvements Assessment
$9,402,302
Total Assessment
$11,142,683
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Vista Grande West Apartments | 4631 Hedrick Ave
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