Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

933 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

The Lindy East & West 1117-1177 W Linden St

50 Unit Block of Flats £11,221,000 (£224,420/Unit) 4.32% Net Initial Yield Riverside, CA 92507

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Executive Summary

CBRE is pleased to present The Lindy Apartments, sister properties, located just minutes from one another: Lindy West & Lindy East! The properties offer spacious ONE, TWO, & THREE-bedroom floor plan options with elegant finishes. The unit mix consists of (7) Studio, (7) 1 Bedroom | 1 Bathroom Units, (34) 2 Bedroom | 2 Bathroom units, and (2) 3 Bedroom | 2 Bathroom unit with a total building size of ± 47,916 square feet. This property provides several amenities which includes ample parking, laundry facilities, and a leasing office. Centrally located in Riverside, California near a wide array of restaurants and entertainment! Located just minutes away from the UCR Downtown Riverside, the Mission Inn, coffee shops, and more.

Property Facts

Price	£11,221,000	Apartment Style	Low Rise
Price Per Unit	£224,420	Building Class	B
Sale Type	Investment	Lot Size	0.55 AC
Net Initial Yield	4.32%	Building Size	46,000 SF
Gross Rent Multiplier	12.94	Number of Floors	2
No. Units	50	Year Built	1963
Property Type	Residential	Parking Ratio	1/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£11,221,000
Price Per Unit	£224,420
Sale Type	Investment
Net Initial Yield	4.32%
Gross Rent Multiplier	12.94
No. Units	50
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.55 AC
Building Size	46,000 SF
Number of Floors	2
Year Built	1963
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.