4641-4645 Arlington Avenue

Riverside, CA 92504

$11,000,000
Price
60
Beds
2640
Baths
33,884 Sq. Ft.
$325 / Sq. Ft.
33,884
Sq. Ft.
$325
per Sq. Ft.

Description

Trust sale – First time on market in decades. 44 unit multifamily complex minutes from the 91 freeway and downtown Riverside. Income growth opportunity, tenant repositioning opportunity. The 91 freeway corridor is one of the fastest growing markets in southern California. Gross income has increased each year from 2022, 2023 and on track for 2024 gross income increase by $90,000. Tenant pays gas, electricity, internet. Two building and two APNs. Property is sold in As Is condition, seller will not...Trust sale – First time on market in decades. 44 unit multifamily complex minutes from the 91 freeway and downtown Riverside. Income growth opportunity, tenant repositioning opportunity. The 91 freeway corridor is one of the fastest growing markets in southern California. Gross income has increased each year from 2022, 2023 and on track for 2024 gross income increase by $90,000. Tenant pays gas, electricity, internet. Two building and two APNs. Property is sold in As Is condition, seller will not make any repairs.
  1. Listed by Todd Wohl • DRE #01912556 • Brokerage DRE #01375969 • Premiere Estates International Real Estate • 310-704-3616

Property Details for 4641-4645 Arlington Avenue

Parking Spaces Total
43
Private Pool
Yes
Total Units
44.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
33884
Assessor Parcel Number
226-210-019
Property Attached YN
true
LISTING UPDATED: 08/22/2024 05:26 AM

Property Details for 4641-4645 Arlington Avenue

StatusActive
MLS #SB24174317
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1967
CountyRiverside County

Building Information for 4641-4645 Arlington Avenue

Building/Complex4641-4645 Arlington AveFloor-Stories2Residences-Pet Policy-Year Built1967Building Size-

Property Information for 4641-4645 Arlington Avenue

Rental Info
Rental Info
  • Tenant Pays: Sewer, Trash Collection, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $763,000
  • Gross Scheduled Income: $763,000
  • Net Operating Income: $483,000
Expense Details
  • Operating Expense: $280,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $280,000
Tax / Assessment Info
  • Tax Tract Number: 1
  • Tax Lot: 1
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Pool Features: Private, Fenced, In Ground
  • Pool Description: Fenced, In Ground, Private
Land/Lot Info
  • Additional Parcels Description: 226210020
  • Lot Features: Lawn
  • Number Of Units: 44
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Carport, Driveway, Garage
  • Uncovered Spaces: 14
  • Open Other Spaces Total: 14
  • Parking Garage Spaces: 4
  • Carport Spaces: 25
  • Parking Features: Carport, Driveway, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 44
  • Unit Type Beds Total: 60
  • Unit Type Baths Total: 60
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 60
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 763200
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 44
  • Number Of Separate Gas Meters: 44
  • Number Of Separate Water Meters: 1

Property History for 4641-4645 Arlington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4641-4645 Arlington Avenue

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Madison Elementary School
PublicK to 6

Sierra Middle School
Public7 to 8

Ramona High School
Public9 to 12

Opportunity Program School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4641-4645 Arlington Avenue is a multi-family home for sale in Riverside, CA 92504. This property was listed for sale on August 22, 2024 by Premiere Estates International Real Estate, it's currently listed at $11,000,000. This listing's school district is Riverside Unified School District. Nearby schools include Madison Elementary School, Sierra Middle School and Ramona High School. 4641-4645 Arlington Avenue is a 60-bed, 2640-bath, 33,884 sqft multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premiere Estates International Real Estate, Todd Wohl, DRE #01912556

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.