10545 Magnolia Ave Riverside, CA 92505
Property profile & analytics
10545 Magnolia Ave Riverside, CA 92505
- Hotels
- 18,226 SF
- 0.77 lot acres
Property ID
US09-0866306
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Days inn by wyndham riverside / Hotel & Motel / Bed & Breakfast
- Days Inn by Wyndham Riverside Tyler Mall / Hotel & Motel
Property Details for 10545 Magnolia Ave
- Year built
- 1992
- Construction
- WOOD
- Lot size
- 0.77 lot acres
- Property size
- 18,226 SF
- Zone code
- R106
- Property type
- Hotels
- APN
- 143-290-026
- APU
- 143290026
Description
This exceptional investment opportunity presents a 68-unit, three-story apartment building ideally situated in Riverside, California, at 10545 Magnolia Ave, 92505. The property, built in 1992, boasts 18,226 square feet of net rentable space on a 34,424 square foot lot. Currently zoned MU-U, the City of Riverside Planning Department has expressed strong support for conversion into affordable senior housing or senior care facilities, making this a compelling redevelopment project. The building features 68 parking spaces, one for each unit. The asking price is $11,525,000, translating to $169,485 per unit and $632.34 per square foot. The pro-forma NOI is $658,350, yielding a 5.71% cap rate (non-profit). This well-maintained property offers excellent street exposure and convenient access to the 91 Freeway, placing it near significant commercial and medical developments. The property's existing infrastructure provides a solid foundation for a seamless conversion, maximizing the potential return on investment. This is a fee simple ownership opportunity. The APN is 143290026.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $8,645,000
- AUTO REPAIR, GARAGE
- $8,075,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.466
- Latitude
- 33.9099
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$81,388
$1,245,857
$5,439,751
$6,685,608
-
$0.00
$0.00
$0.00
