1117 Linden St Riverside, CA 92507

The Lindy Apartments, a 50-unit multifamily property located at 1117 & 1177 W Linden St, Riverside, CA 92507, is offered for sale at $14,000,000. This exceptional investment opportunity boasts a 4.32% cap rate and a strong net operating income (NOI) of $605,437, with 100% occupancy. Built in 1964, the property comprises approximately 46,000 square feet and features a mix of studio, one, two, and three-bedroom units, totaling 50 units at a price per unit of $280,000. Unit sizes include seven studios, seven one-bedroom/one-bathroom units, thirty-four two-bedroom/two-bathroom units, and two three-bedroom/two-bathroom units. Amenities include ample parking, on-site laundry facilities, and a leasing office. The property benefits from a central Riverside location, close to the University of California, Riverside (UCR), the Mission Inn, and numerous restaurants and entertainment options. Further enhancing security, the complex features courtesy patrol and security cameras. Central air conditioning is provided throughout the building. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location with strong rental demand. The property is being sold as an owner/user investment.