2032 W Linden
Just Listed: 63-Unit 2-Property Contiguous Parcels | City of Riverside | 5.67% Cap Rate
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Investment highlights
Rare Contiguous Two-Parcel Acquisition in a High-Growth Market - Prime opportunity to acquire two multifamily properties situated directly side-byside. Featuring 63 total units, this is a rare chance to gain immediate scale within the highly desirable and supply-constrained Riverside submarket.
Attractive Yield and Strong Financial Fundamentals - Competitively priced at $222,222 per unit ($299 per RSF), the property offers a solid current cap rate of 5.67%. With an immediate 15% rental increase opportunity to align with current market levels, the asset provides a new owner with a reliable, highyielding income stream and long-term capital appreciation in a robust rental market.
Strong Unit Mix with Functional Floor Plans - Features a desirable composition of one studio, thirty-nine 1-bedroom/1-bathroom, and twenty-three 2-bedroom/1-bathroom apartment homes. Units average 709 SF, providing a versatile mix that caters to the area’s robust professional and student renter profiles.
Interior Finishes and Community Amenities - The gated community offers a swimming pool, laundry facilities, and BBQ areas set against lush landscaping. Interiors feature functional kitchens with oven ranges, vertical blinds, and durable tile or vinyl wood flooring, complemented by both covered and surface parking. Two-car garages are also available for lease, ideal for both parking and additional storage.
Exceptional Location Across from Key Community Landmarks - Ideally situated just minutes from Downtown Riverside and the historic Mission Inn Hotel and Spa. Tenants enjoy proximity to major educational anchors including Riverside City College, UC Riverside and Cal State Baptist University, as well as convenient access to the Metrolink Downtown Riverside Station.
Stable Cash Flow in a Well-Maintained Asset - The architecture is defined by classic stucco and stone, well-maintained to ensure long-term appreciation with minimal capital expenditures. The property’s gated entry and perimeter fencing provide a secure environment for a stable, long-term resident base.
Minutes from Major Regional Economic and Lifestyle Hubs - Direct access to the 91, 10, 60, and 215 freeways provides quick commutes to major employment centers in San Bernardino, Orange, and LA Counties. Residents are also within a short drive of premier shopping at the Galleria at Tyler and Riverside Plaza.
Ideal Acquisition for Multiple Buyer Profiles - The stable, well-maintained nature of the property makes it a secure investment for a first-time purchaser, a seasoned institutional investor, or a buyer seeking a seamless 1031 exchange. This portfolio offers an exceptional foothold in the thriving Inland Empire economy.
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