

Listed by Lee & Associates - Riverside
$8,000,000
Stobbs Way Portfolio
Details
APN 182-021-008 thru 012 & 182-021-018
Property Type Retail, Multifamily
Sub Type Commercial, Executive Office
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


Listed by Lee & Associates - Riverside
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Loan Amount
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Annual Debt Service
$--
$--
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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