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1180 Central Avenue

Riverside, CA 92507
  • $2,695,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: GD23158084
Price Reduced
UPDATED: 46 min ago
$2,695,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1975
County:

School Ratings & Info

Listing Agent(s): Paul Sarkissian of So-Cal Realty (310-892-7285)


Description

Rare Opportunity to own this Multi Family in Riverside. First time in market in almost 50 years. Strategic location. Close to UC Riverside, shopping centers, restaurants & adjacent to Canyon Crest Country Club Course with exceptional views form 5 of 7 units. Most recent renovations are as follows: New landscaping, Newer water heater, New gas lines ( 5 months ago ), Newer roof ( welded down ), 3 of 7 units recently renovated, New paintings of moldings, frames, doors, fences, balconies, railings and parking resealed and painted.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/142724316
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1180 Central Avenue Riverside, CA 92507

  • Price: $2,695,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 46 min ago
  • ID#: GD23158084
0
Beds
0
Baths
0
½ Baths
0.32
Acres
1975
Built
Neighborhood:
252 - Riverside
County:
Riverside
Area:
252 - Riverside
Property Description
Rare Opportunity to own this Multi Family in Riverside. First time in market in almost 50 years. Strategic location. Close to UC Riverside, shopping centers, restaurants & adjacent to Canyon Crest Country Club Course with exceptional views form 5 of 7 units. Most recent renovations are as follows: New landscaping, Newer water heater, New gas lines ( 5 months ago ), Newer roof ( welded down ), 3 of 7 units recently renovated, New paintings of moldings, frames, doors, fences, balconies, railings and parking resealed and painted.
Exterior Features

Entry Level 2 Entry Location Front Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 7 Parking Features Assigned Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features BikingCurbsGolfSidewalks Contingency Buyer(S) To Cooperate With Seller's 1031 Exchange At No Cost To Buyer. Electric Expense 689 Fuel Expense 5000 Garage YN Yes Gross Income 160037 Gross Scheduled Income 160037 Insurance Expense 4488 Land Lease Amount 0 Land Lease YN No Laundry Features Laundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 107429 New Construction YN No Number Of Separate Gas Meters 7 Number Of Separate Water Meters 0 Number Of Units Leased 5 Operating Expense 52607 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2588 Water Sewer Expense 1398 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T09:28:31.457. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Paul Sarkissian of So-Cal Realty (310-892-7285)