CASA GRANADA APARTMENTS – 4641-4645 ARLINGTON AVE | RIVERSIDE, CA 92504
44 UNIT APARTMENT COMPLEX WITH 2 SEPARATE BUILDINGS
Investment Highlights
- 44 unit Apartment complex with 2 separate buildings
- 2025 Pro Forma Gross Income: $715,800
- Open courtyard
- Parking spaces – 1 per unit
- Laundry in building
- Pool
- Utilities included in rents – water, sewer and trash
- Direct and easy access to the 91 freeway
- Minutes from downtown Riverside
- Increases are done yearly (Last increase was on November 2023)
- Only one vacant unit is in need of rehab
- Majority of the tenants are long term
- All leases accept one are month to month (Apt. 14 is on a 6 months lease)
Investment Overview
- Property Address: 4641-4645 Arlington Ave, Riverside, CA 92504
- APN: 226-210-019 & 020
- Lot Size: 67,860 SF
- Total Building Square Footage: 33,884SF
- Zoning: R3
- Units: 44
- Building: 2 Story
- # of Buildings: 2
- Year Built: 1967
- 1 bedroom/1 bathroom apts: 30
- 2 bedroom/2 bathroom apts: 14
- Total Rooms: 146
- Total Bedrooms: 60
- Total Bathrooms: 60
- Parking: Carport and unenclosed parking
- Parking Spaces: 1 per unit
