4641 4645 arlington AVE Active

Riverside,CA 92504

$ 11000000

- Bed

- Bath

- SqFt


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

Garage Carport,Driveway,Garage

Garage Spaces 4.0

Carport Spaces 25

Garage Description 4.0

Pool Fenced,In Ground,Private

Community Features Urban

Parking Type Carport,Driveway,Garage

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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