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Listed by Chris Keramati • Triqor Group
$ 6,250,000
Est. payment | /mo
67,518 SqFt
$ 6,250,000
Est. payment | /mo
67,518 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 67,518 sqft
Price per Sqft $92
MLS Listing ID CRPW25235462
HOA Y/N No
Year Built 1969
Lot Size 0.502 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
We are pleased to present the Palm Vista Apartments, a 24-unit multifamily property situated on over half an acre in Riverside, CA. The community consists primarily of spacious two- and three-bedroom units arranged around a landscaped outdoor courtyard. Located directly across from Ryan Bonaminio Sports Park and adjacent to the Historic Woods District, the property offers residents a quiet yet well-connected living experience. Units feature central A/C, electric cooking, individual electric meters and water heaters, with most units offering large patios or balconies. Common area amenities include a laundry facility, covered parking with secure storage, and a barbecue and picnic area. Additionally, the property provides a 2:1 parking ratio with 24 covered parking with storage and 23 open parking spaces. With a cap rate of 6.6% on market rents, Palm Vista Apartments presents a compelling, income-producing investment opportunity. (The Studio is Non-Conforming. Buyer to Verify Unit Mix)
Location
State CA
County Riverside
Interior
Heating None
Fireplace No
Laundry Other
Building
Lot Description Irregular Lot
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745