5748 Tilton Avenue
Description
5748 Tilton Avenue consist of ±6,882 of rental square feet on a ±10,019 square foot lot and features low-maintenance landscaping, on-site laundry with gated surface parking. Units have been updated and feature fully equipped kitchens with oven ranges, dishwashers, microwaves, ceiling fans, vertical blinds, individual porches and laminate plank wood flooring throughout. Riverside’s strategic location within Southern California positions it as a compelling destination for working professionals. The city’s convenient access to major freeways like the 60, 91, and 215 offers seamless connectivity to Riverside County, San Bernardino County, Los Angeles County, and beyond. This prime location, coupled with a dynamic community, draws a diverse talent pool. Top employers in the healthcare, manufacturing, retail, education and government industries, contribute to Riverside’s thriving economy. The city’s cost of living, while competitive with other Southern California areas, makes it an attractive option for working-class professionals seeking a balance between affordability and quality of life. Residents also enjoy easy access to a variety of cultural attractions within a 20-mile radius. These include the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the convenient Downtown Metrolink Station, the iconic Riverside Fox Theatre, Riverside City College, and the prestigious University of California, Riverside. This combination of career opportunities, cultural amenities, and a strategic location makes Riverside a highly sought-after place to live and work. 5748 Tilton Avenue is a prime Riverside income-producing property and a great long-term investment. The property is in a desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
- Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717
Property Details for 5748 Tilton Avenue
Property Details for 5748 Tilton Avenue
| Status | Active |
|---|---|
| MLS # | CV24247904 |
| Days on Market | 19 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1981 |
| County | Riverside County |
Building Information for 5748 Tilton Avenue
Property Information for 5748 Tilton Avenue
- Gross Income: $250,045
- Gross Scheduled Income: $250,045
- Vacancy Allowance: 7501
- Gross Operating Income: $242,544
- Net Operating Income: $157,087
- Gross Multiplier: 11.8
- Cap Rate: 5.32
- Operating Expense: $85,457
- New Taxes Expense: $35,145
- Gardener Expense: $1,500
- Fuel Expense: $2,034
- Pest Control Expense: $1,500
- Electric Expense: $747
- Insurance Expense: $4,671
- Maintenance Expense: $10,500
- Professional Management Expense: $9,702
- Other Expense: $2,800
- Other Expense Description: Reserves
- Trash Expense: $8,837
- Water Sewer Expense: $6,234
- Supplies Expense: $1,787
- Total Expenses: $85,457
- Tax Tract Number: 040201
- Tax Census Tract: 402.01
- CFD/Mello-Roos Fee: $856
- Tax Lot: 13
- Community Features: Curbs, Sidewalks
- Laundry: Yes
- Laundry Features: Common Area
- Cooling: Central Air
- Heating Type: Central
- Heating: Central
- Entry Location: 1
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Spa Features: None
- Lot Features: 11-15 Units/Acre
- Number Of Units: 14
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 16
- Open Other Spaces Total: 16
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Unit Type Units Total: 14
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,460
- Unit Type Total Rent: $245,352
- Unit Type Pro Forma: 1800
- Unit Type Type: 1
- Number Of Units Leased: 14
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 14
- Number Of Separate Gas Meters: 14
- Number Of Separate Water Meters: 1
Property History for 5748 Tilton Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5748 Tilton Avenue
Schools near 5748 Tilton Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
West Riverside Elementary School PublicK to 6 | ||
Mission Middle School Public7 to 8 | ||
Rubidoux High School Public9 to 12 | ||
Steps Community Day 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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Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184
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.