4800 Palm Ave | Riverside, CA 92501
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- LoopNet Team
4800 Palm Ave
Riverside, CA 92501
The Woods in Riverside · Multifamily Property For Sale
·
59 Units
INVESTMENT HIGHLIGHTS
- HIGHLY SOUGHT AFTER SENIOR 55+ ACTIVE LIVING INVESTMENT OPPORTUNITY
- IDEALLY LOCATED IN THE HEART OF RIVERSIDE MEDICAL ZONE | WALKING DISTANCE TO HOSPITALS, EMERGENCY ROOMS, URGENT CARES, DOCTORS OFFICES, CLINICS & MORE
- DESIRABLE UNIT MIX OF ONE- AND TWO-BEDROOM UNITS
- SHORTAGE IN SUPPLY FOR SENIOR HOUSING WITH HIGH DEMAND FOR DECADES TO COME
- BRAND NEW CONSTRUCTION – BUILT IN 2021
- SUPERBLY DESIGNED PROPERTY CATERING TO THE SENIOR COMMUNITY
PROPERTY FACTS
| No. Units | 59 | Building Size | 39,972 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2021 |
| Building Class | A | Parking Ratio | 1.5/1,000 SF |
| Lot Size | 2.03 AC | ||
| Zoning | R-3 | ||
| No. Units | 59 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 2.03 AC |
| Building Size | 39,972 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 2021 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Tenant Controlled HVAC
- Grill
- Trash Pickup - Curbside
- Lounge
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 42 | $1,804 | 615 - 643 |
| 2+1 | 17 | $2,125 | 822 |
PROPERTY TAXES
| Parcel Number | 217-140-039 | Improvements Assessment | $12,204,422 |
| Land Assessment | $1,199,134 | Total Assessment | $13,403,556 |
PROPERTY TAXES
Parcel Number
217-140-039
Land Assessment
$1,199,134
Improvements Assessment
$12,204,422
Total Assessment
$13,403,556
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