A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 412 Glen Ave., Riverside is an 8-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 1 unit 2 Bedroom, 7 units 1 Bedroom. This is an extremely rare investment offer. Great cash flow. Huge upside in Rent (Approx. 15% upside in rent. Stabilized CAP Rate is over 6.18%). Total Building size of 4,925 Rentable SF. and 17,424 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 8 individual water heaters. Assigned 8 Carport parking space for all units. Well maintained property. High rental demand area with very low vacancy rate. Conveniently located near the 215 Freeway. Rents are currently below market with significant upside in this Non-Rent Control area. Adjacent properties: 1175 Villa St., 1190 Villa St. and 411 Pacific Ave. are also for sale. All properties can be purchased together or separately.

  • MLS# TR19008874
  • Sub-Type Resale
  • Status Active
  • Year 1950
  • Days On Site 8
SQ Feet 4,925
Units 8
Building(s) 1
Listing Provided By:
Kevin Lee  of  Coldwell Banker George Realty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $960,000
165.96%
$360,950 in 92507
this listing 4,925 SqFt
340.52%
1,118 SqFt in 92507
this listing $195 $/SqFt
39.93%
$324 $/SqFt in 92507
this listing 8 on site
38.46%
13 on site in 92507

Location

State CA
County Riverside
City Riverside
Zip Code 92507
Area 252 - Riverside

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