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19651735
16603280

3 Locations

JM
CA 00902422
CBRE - Orange County
Listed by CBRE - Orange County
$2,810,000
803 days on market
Updated 145 days ago

Riverside Portfolio

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Units 8
Cap Rate 5.00%
NOI $138,000
Occupancy 100%
Pro-Forma Cap Rate 5.40%
Pro-Forma NOI $151,500
Price per SqFt $491
Class B
Year Built varies
Year Renovated 2024
Buildings 3
Stories 1
Zoning Multi Family and Single Famlly
Parking Spaces per unit
Investment Type Value Add
Ground Lease No
Ownership fee simple
Sale Condition For sale by owner

Multifamily | 3 Buildings / Expansion and Value Add potential

Marketing description

2 of the 5 buildings sold! 3 remain! (triplex and house sold)

The Riverside Portfolio: a rare investment opportunity featuring a collection of 2 separate income properties in the desirable city of Riverside, CA.

This first-time-on-the-market portfolio boasts a solid 100% occupancy, with rents below market and expansion or ADU potential

Easily increase the income by moving rents to market

6 Plex, and two houses on a lot - 6 plex possible ADU potential

The blend of single-family and triplex presents a balanced portfolio, easily financed .

With a newly completed ADU adding future value and appeal.

With established tenants in place and no current vacancy, this diverse portfolio promises immediate returns and future growth potential.

Owner May consider selling units separately- call or email for pricing

  • Subject to buyers review and permitting

Investment highlights

  • 100% Leased

  • Long term tenancy

  • Below Market rents- Additional SF or ADU potential

  • Units in close proximity to the other, ease of management

  • Improvements made to all units; paint, flooring , countertops and more!

  • Leases are mtm allowing upside*

Listing Contacts

JM
CA 00902422
CBRE - Orange County
Listed by CBRE - Orange County

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,000.00
$11,500.00/mo

Valuation Metrics

0
DSCR
4.91%
Cap Rate
4.91%
ROI

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