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10570 Arlington Avenue

Riverside, CA 92505
  • $2,900,000
  • STATUS: ACTIVE
  • ON SITE: 132 Days
  • ID#: 210026525
UPDATED: 42 min ago
$2,900,000
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:

School Ratings & Info

Description

Great Investment opportunity ! These units are fully occupied with excellent cash flow opportunity. Monthly income is $19125 with yearly income of over $229500. Units on site have separate meters for gas and electric.Seller pays trash of $225.00, Water $280 and a management fee of $1.000. Total monthly expenses are only $1505. Please do not disturb tenants!!! Showings will be upon accepted offer only.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/121547996
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10570 Arlington Avenue Riverside, CA 92505

  • Price: $2,900,000
  • Status: ACTIVE
  • On Site: 132 Days
  • Updated: 42 min ago
  • ID#: 210026525
4
Beds
2
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Riv Cty-Riverside (92505)
County:
Riverside
Area:
Riv Cty-Riverside (92505)
Property Description
Great Investment opportunity ! These units are fully occupied with excellent cash flow opportunity. Monthly income is $19125 with yearly income of over $229500. Units on site have separate meters for gas and electric.Seller pays trash of $225.00, Water $280 and a management fee of $1.000. Total monthly expenses are only $1505. Please do not disturb tenants!!! Showings will be upon accepted offer only.
Exterior Features

Construction Stucco Exterior Cable AvailableMetal Fence Lot Dimensions Approx 40075 Parking Spaces Total 13 Roof Composition

Interior Features

Heating Central Forced Air Gas Sq Ft Of Improvement 100 Unit Furnished1 4 Unit Furnished2 2 Unit Furnished3 Yes Unit Furnished4 Yes Unit Furnished5 Yes Unit Furnished6 Yes Unit Furnished7 3

Property Features

Actual Cap Rate 7.3 Actual Gross Scheduled Income 229500.0 Actual Operating Expense 1505 Actual Prop Management 1000 Actual Trash Expense 225 Assumable Finance 0 Gross Equity 100 Gross Multiplier 0.00 Have 13 Units Leased Apartments 13 Mandatory Remarks None Known Monthly Rent Total 19125 Motive Want 13 Units Present Loan 0 Projected Cap Rate 7.29 Projected Gross Scheduled Inc 229500 Projected Net Income 211440. Projected Operating Expense 18068. Projected Water And Sewer Expense 280 Short Sale No Unit Number1 13 Unit Number7 3 Unit Rent Total1 6000 Unit Rent Total2 2900 Unit Rent Total3 1650 Unit Rent Total4 1550 Unit Rent Total5 1400 Unit Rent Total6 1350 Unit Rent Total7 4275 Unit Rent1 1500 Unit Rent2 1450 Unit Rent3 1650. Unit Rent4 1550 Unit Rent5 1400 Unit Rent6 1350. Unit Rent7 1425. Zoning Commerical

Listing provided courtesy of Berkshire Hathaway Homeservice. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101