Riverside Real Estate Search

Riverside Multi-Family Properties for Sale

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Newest Riverside Multi-Family Homes for Sale

OC23133911 MLS Active Status
3881 5th Street is located in the heart & robust rental market of Downtown Riverside, California. Built in 1938 and updated in 2022 & 2023. The property consists of 4,340 rentable square feet and is comprised of a unit mix of four 2 Bed / 1 Bath and two 1 Bed / 1 bath units. The property is situated on a 0.18-acre lot and includes 4 private garages with street parking also available. The property is separately metered for gas and electric with a community laundry room. The current ownership has renovated all the interiors including a new block wall and gates. Each unit was tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting and ceiling fans throughout. The “heavy lifting” is complete and should appeal to an investor looking for a bite size, turnkey property located in Downtown Riverside surrounded by tremendous job opportunity within walking distance for the tenants to choose from. Riverside is in the county seat of Riverside County; California and it is the most populous in the county. The United States Census Bureau estimated its 2019 population at 325,000, making Riverside the 12th most-populous city in California. Riverside is in Southern California, adjacent to the 60, 91 & 215 freeways and 38 miles to Disneyland, 69 miles to LAX Airport and 54 miles to Palm Springs . Founded in 1883, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2020. Downtown Riverside is a very densely populated area consisting of Luxury Hotel, Office, Retail, restaurants and entertainment all within walking distance of the subject property. The local apartment market in the city of Riverside remains strong, and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of employment opportunities, retail, transportation and educational amenities. The overall demand for well-located apartments will be a key driver in the continued growth in Riverside, California.

3881 5th Street, Riverside

CV23054593 MLS Active Status
DRIVE BY ONLY. DO NOT DISTURB TENANTS. We are pleased to exclusively present the opportunity to acquire Villa Ava Apartments, a gated 20-unit multifamily community located in Riverside, CA. Constructed in 1990 and situated on .75 acres, the property is comprised of two rental buildings with a strong unit mix of one- and two-bedroom floorplans that range in size from 750 to 850 square feet. The spacious units are efficiently designed and feature well-equipped kitchens, a private patio or balcony and a mix of plush carpeting & tile flooring. Villa Ava provides residents on-site laundry facility, manicured landscaping, and are individually metered for gas & electricity with individual water heaters. The property is fully-gated and fully-surveillanced with controlled access and offers both open and covered carports for parking.The community has convenient access to the 60, 91, and 215 freeways, connecting the community throughout Southern California and is one mile from the University of California, Riverside (UCR) campus with an undergraduate population of over 22,903 and growing. In addition, the property is within minutes to grade schools, employment centers, hospitals, dining, retail, and Downtown Riverside.Villa Ava is neatly-positioned to benefit from rapidly-increasing population growth of the city of Riverside as demand for multifamily housing increases in the city and barriers to entry for home ownership widens. Operational upside coupled with potential student housing conversion further enhances the desirability of this offering.

1864 12th Street, Riverside

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.