412 Glen Avenue, Riverside, CA 92507 | Listings

412 Glen Avenue, Riverside, CA 92507

  • $960,000
  • 4,925 sq ft
  • Year Built: 1950
  • Residential Income
  • Listing #TR19008874

Property Description

A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 412 Glen Ave., Riverside is an 8-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 1 unit – 2 Bedroom, 7 units – 1 Bedroom. This is an extremely rare investment offer. Great cash flow. Huge upside in Rent (Approx. 15% upside in rent. Stabilized CAP Rate is over 6.18%). Total Building size of 4,925 Rentable SF. and 17,424 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 8 individual water heaters. Assigned 8 Carport parking space for all units. Well maintained property. High rental demand area with very low vacancy rate. Conveniently located near the 215 Freeway. Rents are currently below market with significant upside in this Non-Rent Control area. Adjacent properties: 1175 Villa St., 1190 Villa St. and 411 Pacific Ave. are also for sale. All properties can be purchased together or separately.

Listing Details

Year Built1950
Property TypeResidential Income
Listing #TR19008874
Listing TypeFor Sale

Interior Features

Square Feet4,925
Heating and CoolingWall Heater
LaundrySee Remarks

Exterior Features

Lot Size0.40 acres


MLS Area252 - Riverside
Garage Spaces0.00

Courtesy of Kevin Lee (License #01720786) and Peggy Hsiao (License #01440448), Coldwell Banker George Realty

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Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This content last updated on 1/21/2019 3:53 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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