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Riverside Portfolio

4 Properties Offered at £2,127,983 in Riverside, CA

Investment Highlights

  • 100% leased, Multi-Family in Desirable City of Riverside, CA.
  • Rare 4 Building offering , only on like it on the market in Riverside.
  • Easy to finance, low risk investment .
  • +/- 5.7 % pro-forma cap rate, with rents that are 20% + under market- Enhance income w Room addition on Triplex .
  • Ideal blend of single family and Triplex.
  • Established tenants, all current, no vacancy.

Executive Summary

-Portfolio of 4 income properties.
-Rents are well + Under Market.
- Portfolio Includes triplex, 2 houses and a new ADU ( 3 bed 2 bath)
-5011 Hedrick, 5608 & 5606 Ivanhoe and 4603 - 4607 Jurupa.
-All three properties are fully occupied with tenants on month-to-month leases.
-Triplex; add a bedroom and enhance income; Pro Form 5.65% cap rate
-Triplex $970,000, Price reduced! Rent increases in September
-Individual property prices: Triplex $970,000. Ivanhoe $565,000. Hedrick $585,000. ADU (Ivanhoe) $585,000.

Attachments

actualandproforma (1)

Data Room Click Here to Access

Taxes & Operating Expenses (Pro forma - 2025)

Annual
Gross Rental Income -
Other Income -
Vacancy Loss -
Effective Gross Income £152,510
Taxes £19,663
Operating Expenses £9,592
Total Expenses £29,255
Net Operating Income £123,255

Taxes & Operating Expenses (Pro forma - 2025)

Gross Rental Income
Annual -
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual £152,510
Taxes
Annual £19,663
Operating Expenses
Annual £9,592
Total Expenses
Annual £29,255
Net Operating Income
Annual £123,255

Property Facts

Price £2,127,983
Price / SF £378.64 / SF
Sale Conditions Portfolio Sale
Net Initial Yield 5.39%
Sale Type Investment
Status Active
Number of Properties 4
Individually For Sale 0
Total Building Size 5,620 SF
Total Land Area 0.63 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
5606 Ivanhoe Ave, Riverside, CA 92503 Speciality 1,000 SF 2024 -
5608 Ivanhoe Ave, Riverside, CA 92503 Speciality 1,020 SF 1954 -
5011 Hedrick Ave, Riverside, CA 92505 Speciality 1,500 SF 1963 -
4607 Jurupa Ave, Riverside, CA 92506 Residential 2,100 SF 1955 -
Show More > < Show Less
  • Listing ID: 31342938

  • Date on Market: 27/03/2024

  • Last Updated:

  • Address: Riverside Portfolio, Riverside, CA

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