Real Estate Specialist
Kabir Masud
626-774-5330626-774-5330

411 Pacific Avenue, Riverside, CA 92507 (MLS # TR19008893)

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PRICE $1,500,000
BEDS n/a
BATHS 0 baths
HOME SIZE 8,372 sq ft
LOT SIZE 16,117 sqft

A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 411 Pacific Ave., Riverside is an 12-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 4 unit – 2 Bedroom, 8 units – 1 Bedroom. This is an extremely rare investment offer. Great cash flow. Huge upside in Rent (Approx. 15% upside in rent. Stabilized CAP Rate is over 6.43%). Total Building size of 8,372 Rentable SF. and 16,117 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 12 individual water heaters. Assigned 15 Carport parking space for all units. 2 Septic Tanks System and Roof were upgraded in Year 2015. Well maintained property. High rental demand area with very low vacancy rate. Conveniently located near the 215 Freeway. Rents are currently below market with significant upside in this Non-Rent Control area. Adjacent properties: 1175 Villa St., 1190 Villa St. and 412 Glen Ave. are also for sale. All properties can be purchased together or separately.

DAYS ON MARKET 7 LAST UPDATED 1/17/2019
YEAR BUILT 1943 COMMUNITY Riverside
COUNTY Riverside TOTAL PARKING 15
STATUS Active PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
APPLIANCES Gas Stove, Gas Water Heater
BUILDINGAREAUNITS Square Feet
CARPORTSPACES 15.00
COLISTAGENTFIRSTNAME Peggy
COLISTAGENTLASTNAME Hsiao
COLISTAGENTSTATELICENSE 01440448
COLISTOFFICENAME Coldwell Banker George Realty
COMMONWALLS No Common Walls
COMMUNITYFEATURES Sidewalks
ELEVATIONUNITS Feet
FLOORING Tile
GARAGESPACES 0.00
HEATING Wall Heater
LANDLEASEYN 0
LAUNDRYFEATURES See Remarks
LEVELS One
LISTAGENTSTATELICENSE 01720786
LOTFEATURES Lot 10000-19999 Sqft
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 252 - Riverside
PARCELNUMBER 247102007
PARKINGFEATURES Assigned, Carport Detached
POOLFEATURES None
PRICEPERSQUAREFOOT 179.17
PROPERTYSUBTYPE Apartment
PROPERTYTYPE Residential Income
ROOF Composition
SECURITYFEATURES Gated Community
SEWER Conventional Septic
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
TAXTRACTNUMBER 423.00
UTILITIES Electricity Available, Natural Gas Available, Phone Available
VIEW Mountain
WATERSOURCE Public

ZESTIMATE
411 Pacific Avenue, Riverside, CA

RENT ZESTIMATE
$ / mo.  411 Pacific Avenue, Riverside, CA

50 Car-Dependent



 
CONTACT US ABOUT 411 PACIFIC AVENUE
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Listing provided by : Kevin Lee License # 01720786, Coldwell Banker George Realty Co-Listed with Peggy Hsiao License # 01440448, Coldwell Banker George Realty

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 1/17/19 5:25 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information