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$2,950,000
Est. payment /mo
10,018 Sqft Lot
UPDATED:
12/13/2024 07:16 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24247904
HOA Y/N No
Year Built 1981
Lot Size 10,018 Sqft
Property Description
We are excited to exclusively present a unique 14-unit multifamily investment opportunity located at 5748 Tilton Avenue in Jurupa Valley, CA. Situated within a short drive of the thriving Downtown Riverside, this property benefits from its strategic position between major thoroughfares Limonite Avenue and Mission Boulevard, as well as its proximity to major freeways (60, 91 and 215). 5748 Tilton Avenue offer investors a rare chance to acquire a superbly-maintained and well-situated asset in a well sought-after neighborhood.
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.
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.
Location
State CA
County Riverside
Area 251 - Jurupa Valley
Zoning C-1/C-P
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 16
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 181042009
Energy Description 2034.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717