CA > Riverside
Riverside, CA 92501,4830 Palm AVE
Riverside, CA 92501,4830 Palm AVE
Riverside, CA 92501,4830 Palm AVE
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$6,250,000
Est. payment /mo
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID PW25235462

HOA Y/N No

Year Built 1969

Property Sub-Type Apartment

Property Description

We are pleased to present the Palm Vista Apartments, a 24-unit multifamily property situated on over half an acre in Riverside, CA. The community consists primarily of spacious two- and three-bedroom units arranged around a landscaped outdoor courtyard. Located directly across from Ryan Bonaminio Sports Park and adjacent to the Historic Woods District, the property offers residents a quiet yet well-connected living experience. Units feature central A/C, electric cooking, individual electric meters and water heaters, with most units offering large patios or balconies. Common area amenities include a laundry facility, covered parking with secure storage, and a barbecue and picnic area. Additionally, the property provides a 2:1 parking ratio with 24 covered parking with storage and 23 open parking spaces. With a cap rate of 6.6% on market rents, Palm Vista Apartments presents a compelling, income-producing investment opportunity. (The Studio is Non-Conforming. Buyer to Verify Unit Mix)

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Heating None

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 24

Pool None

Community Features Sidewalks

Total Parking Spaces 47

Private Pool No

Building

Lot Description Irregular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 217140035

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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CRMLS – RECore
Listed by Chris Keramati Triqor Group chris@triqorgroup.com

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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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