For Sale
$5,798,000

3573 Columbia AveRiverside, CA 92501

18-Unit Apartment Complex, High ROI Potential

Overview

Added:
Feb 3
Days on market:
59
This 18-unit apartment community in Riverside, CA, presents a compelling investment opportunity. Situated on a 1.23-acre lot (53,579 sq ft), the property boasts 15,510 square feet of living space and features gated access and covered parking. Eleven units have recently undergone extensive renovations, including updated kitchens and bathrooms, new flooring, and fresh paint. All units include air conditioning, fireplaces, and ceiling fans. The unit mix is highly desirable, featuring one-bedroom units with 1.5 bathrooms and lofts, and two-bedroom units with and without lofts. Loft units command a premium rental rate. Individual unit metering for electricity and gas shifts utility costs to tenants. The property offers significant upside potential through the addition of Accessory Dwelling Units (ADUs)

Property Details for 3573 Columbia Ave

Property type
Square Feet
15,510 SF
Year Built
1988
Lot Size (sq. ft)
2,333,901,240 SF

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
34.00442
Longitude
-117.3568
3573 Columbia Ave, Riverside, California

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3573 Columbia Ave
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