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2032 Linden , Riverside, CA 92507
Priced at Only: $14,000,000
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Address: 2032 Linden , Riverside, CA 92507
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  • MLS#: CV26053930 ( Apartment )
  • Street Address: 2032 Linden
  • Viewed: 6
  • Price: $14,000,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 10
  • Additional Information
  • County: RIVERSIDE
  • City: Riverside
  • Zipcode: 92507
  • Provided by: CB RICHARD ELLIS
  • Contact: Eric Eric
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present the exclusive opportunity to acquire 63 units across two contiguous parcels, consisting of the La Paz and Las Palmas Apartments. Located in the heart of Riverside, these assets offer a premier foothold in one of Southern Californias most high demand rental markets. These well maintained assets occupy a prime location at 2032 and 2052 Linden Street, offering tenants unparalleled convenience and a high quality lifestyle. The properties are located just minutes from the vibrant Downtown Riverside district, the historic Mission Inn Hotel and Spa, and major educational anchors including Riverside City College, Cal Baptist University and the University of California, Riverside. Commuters benefit from immediate access to the Metrolink Downtown Riverside Station and a sophisticated regional transportation network. With proximity to the 91, 10, 60, and 215 freeways, the property serves as a central hub connecting residents to major employment centers across Riverside, San Bernardino, Orange, and Los Angeles Counties. The community offers a secure environment through gated entry and perimeter fencing, complemented by a suite of amenities including a community swimming pool, shared laundry facilities, and an outdoor BBQ area. The architecture is defined by a classic stucco and stone aesthetic, framed by lush, mature landscaping. Property infrastructure includes both covered and surface parking for resident convenience. Two car garages are also available for lease, ideal for both parking and additional storage. Interior features include functional kitchens equipped with oven ranges, ceiling fans, vertical blinds, and a mix of tile or vinyl wood flooring. Each unit is further serviced by wall mounted air conditioning and heating units. These stable, well maintained assets provides immediate income security and remains a highly attractive destination for residents seeking quality housing in a well established submarket. The portfolios proven performance and strategic location make it an ideal acquisition for a wide range of investors. Whether tailored for a first time purchaser looking for scale, a seasoned institutional investor expanding a regional footprint, or a 1031 exchange buyer requiring a reliable, low vacancy asset, these contiguous properties offer long term stability and an exceptional foothold in the thriving Inland Empire economy.
Features
Additional Parcels Description
  1. 211151008
Building Area Total
  1. 46834.00
Carport Spaces
  1. 25.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Electric Expense
  1. 6898.00
Fuel Expense
  1. 4395.00
Garage Spaces
  1. 5.00
Gardner Expense
  1. 9483.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 65501.00
Laundry Features
  1. Common Area
Laundry Income
  1. 13941.00
Levels
  1. Two
Lot Features
  1. Lot Over 40000 Sqft
Netoperatingincome
  1. 793460.00
Newtaxesexpense
  1. 157857.00
Number Of Separate Electric Meters
  1. 63
Number Of Separate Gas Meters
  1. 63
Otherexpense
  1. 12600.00
Otherexpensedescription
  1. Reserves
Otherincome1
  1. 7926.00
Otherincome2
  1. 27648.00
Parcel Number
  1. 211151009
Pest Control Expense
  1. 2604.00
Pool Expense
  1. 10003.00
Pool Features
  1. In Ground
  2. Community
Professionalmanagementexpense
  1. 76328.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 458351926:CRM
Spa Features
  1. None
Suppliesexpense
  1. 7335.00
Totalactualrent
  1. 1238292.00
Totalexpenses
  1. 437326.00
Trash Expense
  1. 21347.00
Uncovered Spaces
  1. 20.00
Vacancyallowance
  1. 64778
Water Sewer Expense
  1. 15724.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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