1935 W Linden St, Riverside, California 92507, Riverside, 92507 - bed, bath
ACTIVE$2,849,999
1935 W Linden St, Riverside, California 92507
0Bed
0Bath
7,852Sqft
13,939Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Consistent Cashflow & High Occupancy: The property boasts a historical 100% occupancy rate with consistent cashflow, indicating a stable and reliable income-generating asset.
Top Cons:
Property Age: Built in 1960, the property is over 60 years old. While well-maintained, older buildings can incur higher maintenance costs over time and may have dated systems beyond the recently upgraded electric meters.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1960 (65 years old).
Condition: The property, built in 1960, is described as 'well maintained' with 'new electric meters,' indicating functional upkeep of major systems. However, the interior images, particularly of the kitchens and bathrooms, reveal significantly outdated styles and features. Kitchens feature light wood, flat-panel cabinets, laminate countertops, older white appliances, and linoleum flooring. Bathrooms show similar dated vanities, older tile surrounds, and linoleum. While clean and functional, these areas have not undergone recent renovations and show clear signs of being aesthetically outdated, aligning with the 'Fair' category's description of an aged but maintained property where major components are functional but show signs of being outdated.
Year Built
1960
Close
-
List price
$2.85M
Original List price
$2.85M
Price/Sqft
$363
HOA
-
Days on market
-
Sold On
-
MLS number
PW25098809
Home ConditionFair
Features
Patio
View-
About this home
Great stable and well maintained 12U in the heart of Riverside about a 5 minute drive from UCR. Property has historically 100% occupancy with consistent cashflow. Long term tenants with ease of management. carports & open parking, gated community with front lawn, and laundry facility. Property will be delivered with all new electric meters. Property is located in the quiet neighborhood of Riverside with several other multifamily properties, single family homes and new/old industrial buildings. There is a park right across the property and schools close by. Centrally located close to 91Fwy, restaurants, and shopping.
Condition Rating
Fair
The property, built in 1960, is described as 'well maintained' with 'new electric meters,' indicating functional upkeep of major systems. However, the interior images, particularly of the kitchens and bathrooms, reveal significantly outdated styles and features. Kitchens feature light wood, flat-panel cabinets, laminate countertops, older white appliances, and linoleum flooring. Bathrooms show similar dated vanities, older tile surrounds, and linoleum. While clean and functional, these areas have not undergone recent renovations and show clear signs of being aesthetically outdated, aligning with the 'Fair' category's description of an aged but maintained property where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Consistent Cashflow & High Occupancy: The property boasts a historical 100% occupancy rate with consistent cashflow, indicating a stable and reliable income-generating asset.
Strategic Location: Situated in the heart of Riverside, just a 5-minute drive from UCR, and centrally located near the 91 Fwy, restaurants, and shopping, ensuring strong tenant demand.
Well-Maintained & Stable Management: Described as a 'great stable and well maintained 12U' with 'long term tenants and ease of management,' suggesting a low-hassle investment.
Recent Infrastructure Upgrade: The property will be delivered with all new electric meters, reducing immediate capital expenditure for the buyer and ensuring modern electrical infrastructure.
Tenant-Friendly Amenities & Surroundings: Offers carports, open parking, a gated community with a front lawn, and a laundry facility. Additionally, a park is directly across the street and schools are nearby, enhancing tenant appeal.
Cons
Property Age: Built in 1960, the property is over 60 years old. While well-maintained, older buildings can incur higher maintenance costs over time and may have dated systems beyond the recently upgraded electric meters.
Unspecified Unit Renovations: The description highlights overall maintenance but does not specify if individual units have undergone recent renovations, which could limit rent growth potential or necessitate future capital investment to modernize interiors.
Mixed Neighborhood Environment: The property is located in a neighborhood with a mix of multifamily, single-family homes, and 'new/old industrial buildings,' which could potentially impact residential appeal, noise levels, or future development prospects.