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$ 6,250,000
Est. payment | /mo
0.5 Acres Lot
$ 6,250,000
Est. payment | /mo
0.5 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25235462
HOA Y/N No
Year Built 1969
Lot Size 0.502 Acres
Property Sub-Type Apartment
Property Description
We are pleased to present the Palm Vista Apartments, a 24-unit multifamily property situated on over half an acre in Riverside, CA. The community consists primarily of spacious two- and three-bedroom units arranged around a landscaped outdoor courtyard. Located directly across from Ryan Bonaminio Sports Park and adjacent to the Historic Woods District, the property offers residents a quiet yet well-connected living experience. Units feature central A/C, electric cooking, individual electric meters and water heaters, with most units offering large patios or balconies. Common area amenities include a laundry facility, covered parking with secure storage, and a barbecue and picnic area. Additionally, the property provides a 2:1 parking ratio with 24 covered parking with storage and 23 open parking spaces. With a cap rate of 6.6% on market rents, Palm Vista Apartments presents a compelling, income-producing investment opportunity. (The Studio is Non-Conforming. Buyer to Verify Unit Mix)
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Heating None
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 24
Pool None
Community Features Sidewalks
Total Parking Spaces 47
Private Pool No
Building
Lot Description Irregular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 217140035
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Chris Keramati Triqor Group chris@triqorgroup.com