5748 Tilton Ave Riverside, CA 92509
14-unit multifamily property near Downtown Riverside with upgraded units.
Property size:
6,424 SFProperty Features for 5748 Tilton Ave
General Information
- Standard status
- Active
- Size
- 6,424 SF
Source:
Cbre
Listing Agency: CBRE - Ontario Listing Agent: Eric Chen
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Jurupa Valley Multifamily Investment Opportunity
This 14-unit multifamily property is located at 5748 Tilton Avenue in Jurupa Valley, CA, near Downtown Riverside. The property contains approximately 6,424 square feet of rentable space on a 10,019 square foot lot. The location provides convenient access to the 91, 60, 215, and 15 freeways, connecting to Riverside, San Bernardino, Orange and Los Angeles Counties. The units have been upgraded and feature fully equipped kitchens with a microwave, oven range, and dishwasher, mirrored closet doors, vinyl plank wood flooring, ceiling fans, vertical blinds, and individual porches. Common area features include low-maintenance landscaping, gated surface parking, and an on-site laundry facility. The property is near the Metrolink Train Station, popular restaurants, and shopping centers. The property offers the opportunity to increase rental income. Riverside's location provides access to major freeways, offering connectivity to Riverside County, San Bernardino County, and Los Angeles County. The city's cost of living makes it an option for working professionals. Residents have access to the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the Downtown Metrolink Station, the Riverside Fox Theatre, Riverside City College, and the University of California, Riverside.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.4134526
- Latitude
- 33.9951964
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 14-unit multifamily property near Downtown Riverside with upgraded units.
Where is this apartment building located?
The property is located at 5748 Tilton Ave Riverside, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: - High rental demand location in the Inland Empire with historically high occupancy.; - Opportunity to increase rental income by up to 16% to achieve market rents, with a current 6.09% cap rate and a potential 7.49% cap rate at market rents.; - Superbly-maintained property consisting of ±6,424 rentable SF on a ±10,019 SF lot.
