3511 Chicago Ave Riverside, CA 92507
20-unit apartment building, high potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- $3,850,000 asking price for a 20-unit apartment building in Riverside, CA.
- Value-add opportunity with a 5.22% cap rate and a pro-forma cap rate of 9.35%.
- 26,000 total square feet, 12,211 net rentable square feet, and a price per square foot of $148.08.
- 100% occupancy, $201,162 current NOI, and a pro-forma NOI of $360,106.
- $192,500 per unit price.
- Recently renovated in 2023 (roof and staircases/balconies).
Property Details for 3511 Chicago Ave
- Property type
- Apartment buildings
- Square Feet
- 26,000 SF
- Class
- C
- Year Built/Renovated
- 1960/2023
- Buildings
- 2
- Stories
- 2
- Lot Size (sq. ft)
- 22,216 SF
- Units
- 20
Location Insight
- City
- Riverside
- County
- Riverside
- State
- California
- Latitude
- 33.979405000515
- Longitude
- -117.34883321246
Nearby Similar for Sale
FAQs
- What type of property is this?
- Apartment building - 20-unit apartment building, high potential.
- Where is the apartment building located?
- The property is located at 3511 Chicago Ave Riverside, CA.
- What is the asking price?
- The asking price for this property is $3,850,000.
- What are key features of this property?
- This property features: $3,850,000 asking price for a 20-unit apartment building in Riverside, CA.; Value-add opportunity with a 5.22% cap rate and a pro-forma cap rate of 9.35%.; 26,000 total square feet, 12,211 net rentable square feet, and a price per square foot of $148.08.
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