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3502-3520 Crestmore Rd
Jurupa Valley, CA 92509 Riverside

$2,050,000 USD

Apartments For Sale • 9,400 SF

Property Details

Property Type Apartments
Total Building Size 6,702 SF
Lot Size 1.8 AC
Building Class C
Year Built 1947
Cap Rate 5.54 %
Zoning R1

0 Transit Score

31 Walk Score

                
                    Highlights
                
                                First Time on Market in 20 Years
                            
                                Large 1.8 Acre Lot Comprised of Six Individual Houses, One Duplex, and One Non- Conforming House (Approximately 1,200 Square Feet)
                            
                                All Units are 2- and 3-Bedroom Houses | Average Conforming Unit Size of 838 Square Feet
                            
                                Opportunity to Increase Rental Income by Approximately 22% to Achieve Market Rents
                            
                                Offered at 5.54% Cap Rate on Current Income, 7.15% Cap Rate at Market Rents
                            
                                Low Density Lot with Potential Opportunity to Add ADUs (Buyer to Verify with City)

Financial Summary (Actual)

Net Operating Income: $113,607 USD (2023)

Cap Rate:	5.54 %
Total Expenses:	$54,657 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Riverside-Downtown (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink))	8 min	-	2.6 mi
Pedley (Riverside Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	5.7 mi
Airport	Drive	Walk	Distance
Ontario International	19 min	-	14.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Surface
Included in Rent:	Yes

Eric Chen 909-418-2071 CBRE, Inc.

3502-3520 Crestmore Rd Jurupa Valley, CA 92509 Riverside