Multifamily
New
For Sale
$1,150,000
9085 Bellegrave, Riverside, CA 92509
The property was built in 1975.
Property Size4,367 SF
Days on Market4
Property Features for 9085 Bellegrave
General Information
Standard status
Active
Size
4,367 SF
Property subtype
Investment
Building Details
Building Size
4,367 SF
Year Built
1975
Units
4
Listed By:
Daniel Caldera
(562) 688-5336
Source:
Elliman
Added: Oct 11
Changed: Oct 12
Last Checked: Oct 12 at 8:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Daniel Caldera
Investment Insights
Based on property information with market context.
This multifamily property dates to 1975. Walk Score is 55, characterized as somewhat walkable, and Bike Score is 44, characterized as somewhat bikeable.
Key Highlights
- Built in 1975
- Walk Score of 55; somewhat walkable
- Bike Score of 44; somewhat bikeable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,838
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,760
$1.4M
Cap Rate 7%
$997,686
$997.7K
Cap Rate 9%
$775,978
$776.0K
Market Conditions
NOI Build-Up for 4,367 SF
Gross rent
$129.4K $29.64/SF
− Vacancy
−$2.5K −$0.56/SF
EGI
$127.0K $29.08/SF
− OpEx
−$57.1K −$13.08/SF
NOI
$69.8K $15.99/SF
Area
Riverside, CA
Vacancy
1.90%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,760
Cap Rate 7%
$997,686
Cap Rate 9%
$775,978
Alternative Uses
Best Use
Apartment 5plus
$997.7K
$873.0K – $1.16M
NOI $69,838 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,875 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 92509, CA
78,166
Population
20,929
Households
3.7
Avg Household Size
34
Median Age
14%
College-Educated
72%
High-School Grad
30.7 sq mi
ZIP Area
2,546
Density / Sq Mi
$95,218
Median Household Income
$40,015
Median Earnings
$1,698
Median Rent
$501,200
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - The property was built in 1975.
Where is this multifamily property located?
The property is located at 9085 Bellegrave Riverside, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Built in 1975; Walk Score of 55; somewhat walkable; Bike Score of 44; somewhat bikeable
