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29210225

4 Locations

FV
CA 01793683, CA
Lee & Associates - Riverside
Listed by Lee & Associates - Riverside
$8,000,000
149 days on market
Updated 0 days ago

Stobbs Way Portfolio

Details
APN 182-021-008 thru 012 & 182-021-018
Property Type Retail, Multifamily (+3)
Sub Type Commercial, Executive Office (+1)
Square Footage 18,444
NOI $384,292
Tenancy Multi
Pro-Forma Cap Rate 8.30%
Pro-Forma NOI $598,584
Year Built 2021
Stories 5
Acreage 0.6 - 1.75
Zoning C-1/C-P (General Commercial)
Investment Type Value Add

Retail | 18,444 SqFt

Investment highlights

  • Contact Agent For Offering Memorandum
  • Total Building Size: ±18,444 SF
  • Total Land Area: ±1.75 Acres
  • Zoning: C-1/C-P (General Commercial)
  • Value-Add Opportunity
  • Proforma Cap Rate: 8.3%

Multifamily Component

  • 36 Studio Apartments (3 single-story buildings)
  • Occupancy: 92% (33 of 36 units leased)
  • Average Current Rent: ~$1,169/month
  • Proforma Market Rent: ~$1,445/month
  • Rental Upside: ~31%
  • Affordable entry-level housing in high-demand Inland Empire market

Retail/Office Building

  • Size: ±7,644 SF (two-story)
  • Configuration: 4 retail units (ground floor) + 6 office units (second floor)
  • Occupancy: 79% leased
  • Diversified tenant mix (medical, salon, office, service users)
  • Opportunity to restructure leases and increase cash flow

Vacant Land (Development Opportunity)

  • Size: ±0.60 Acres (±26,135 SF buildable)
  • Zoned for broad commercial uses (QSR, retail, drive-thru, car wash, etc.)
  • Adjacent to Mission Village Shopping Center
  • Traffic Counts:
  • Mission Blvd: ~20,000–26,000 CPD
  • SR-60: ~168,000–173,000 CPD

Recent Capital Improvements

  • New roofs (2021)
  • Parking lot slurry-coated & re-striped (Fall 2025)
  • Upgraded parking lot lighting
  • Energy-efficient apartment windows installed
  • Additional improvements planned (landscaping, electrical upgrades)

Listing Contacts

FV
CA 01793683, CA
Lee & Associates - Riverside
Listed by Lee & Associates - Riverside

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$384,292.00
$32,024.33/mo

Valuation Metrics

0
DSCR
4.8%
Cap Rate
4.8%
ROI

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