Homes for sale - 4641 4645 arlington AVE, Riverside, CA 92504

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$11,000,000

Est. payment - /mo

1.56 Acres Lot

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UPDATED:

12/05/2024 02:32 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24174317

HOA Y/N No

Year Built 1967

Lot Size 1.558 Acres

Property Description

Trust sale – First time on market in decades. 44 unit multifamily complex minutes from the 91 freeway and downtown Riverside. Income growth opportunity, tenant repositioning opportunity. The 91 freeway corridor is one of the fastest growing markets in southern California. Gross income has increased each year from 2022, 2023 and on track for 2024 gross income increase by $90,000. Tenant pays gas, electricity, internet. Two building and two APNs. Property is sold in As Is condition, seller will not make any repairs.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport, Driveway, Garage

Garage Spaces 4.0

Carport Spaces 25

Garage Description 4.0

Pool Fenced, In Ground, Private

Community Features Urban

Total Parking Spaces 43

Private Pool Yes

Building

Lot Description Lawn

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 226210019

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Trust

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Listed by Todd Wohl • Premiere Estates International Real Estate • 310-704-3616

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

4641 4645 arlington AVE Riverside, CA 92504