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412 Glen Avenue, Riverside, CA, 92507

Riverside, 412 Glen Avenue

$960,000

  • 0
  • 8
Listing Number: TR19008874
About this listing
A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 412 Glen Ave., Riverside is an 8-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 1 unit ? 2 Bedroom, 7 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 6.18%). Total Building size of 4,925 Rentable SF. and 17,424 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 8 individual water heaters. Assigned 8 Carport parking space for all units. 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 411 Pacific Ave. are also for sale. All properties can be purchased together or separately.
Property Information
  • Lot Size
    • Land Area Acres: 0.400000000000
  • Approx year built: 1950
  • Property Type: Other
  • Additional
    • Aged Community (Y/N): No
  • Property Features
    • Septic Sewer: Conventional Septic
    • Zoning: R-2
    • Water Source: Public
    • Pool (Y/N): No
    • MLS Area: Riverside
    • Stories: One
    • Gas: 8
    • Laundry: See Remarks
    • Parking: Assigned, Carport
    • Lot Desc: Lot 10000-19999 Sqft
    • Unit Total: 8
    • Home Owners Assoc Fee: 0
    • Pool: None
    • Heating: Wall Heater
    • Utilities: Electricity Available,Natural Gas Available,Phone Available
    • Security System: Gated Community
    • Appliances: Gas Stove,Gas Water Heater
    • Floors Description: Tile
    • Roof: Composition
    • APN No: 247102006
    • Has View: Yes
  • Address
    • County: Riverside
    • Directions: Iowa Avenue
    • Street Zip 4: 1358
    • Property Location: Riverside
Courtesy Of
Kevin Lee
Coldwell Banker George Realty
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