NOI / Year
$201,918
Cap Rate
11.54%
GRM
7.60x
DSCR
1.90
Multi-FamilyValue-Add
Riverside Heights 8-Unit
location_on3310 University Ave, Riverside, CA 92501
List Price
$1,750,000
Sq Ft
6,400
Built
1965
real_estate_agent
Listing Agent
Jennifer Park
Inland Empire Investment Group
infoProperty Overview
8-unit apartment building with 6 occupied and 2 vacant. Vacancy is the value — market rents are 30% above current leases. Strong bones.
Square Feet
6,400
Lot Size
0.52 Acres
Year Built
1965
Cap Rate
5.2%
Co-op Commission
2.5%
DRE #
02234567
Key Features
8 Units2 Vacant UnitsBelow-Market RentsStrong BonesValue-Add Play
trending_upIncome Assessment
Rent Scenario
Units
Gross Annual Income$230,400
Price per SqFt$273
Est. Cap Rate11.54%
calculateUnderwriting — Annual Expenses
$
$
$
$
$
$
8%
Total Annual Expenses$28,482