$10,150,000
$10,550,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
3401 Ramona Drive Riverside, CA 92506
3 Beds
2 Baths
1.81 Acres Lot
Key Details
Sold Price $10,150,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV24098181
Bedrooms 3
Lot Size 1.810 Acres
Property Description
We are proud to present an exceptional opportunity to acquire a well-maintained apartment complex located at 3401 Ramona Drive in Riverside. This 35,504 SF building sits on a generous 78,844 SF lot. The property is situated at the intersection of Ramona Drive and Olivewood Avenue. 3401 Ramona Drive is conveniently located within minutes to Riverside City College and the University of California Riverside. It provides easy access to the 91 Freeway, Downtown Riverside Metrolink train station, Riverside Community Hospital, Riverside Plaza and a variety of other shopping centers, restaurants, retailers, and parks, all just a short distance away. Showcasing mature and lush landscaping, 3401 Ramona Drive resides in a quiet residential neighborhood in Riverside. The property features a secured parking entrance gate, covered parking and surface parking stalls, a swimming pool, and an on-site laundry facility. Units feature kitchens with dishwashers and electric cooking systems, wood plank and carpet flooring throughout the units, central A/C system for the two-bedrooms and wall A/C for the one-bedrooms, ceiling fans, vertical blinds, and private balconies or patios. Five buildings have brand new roofs, and all 44 units have new windows, screens, and patio doors. Eight of the units (Units 36-44) were subject to a fire in 2017 with the previous owner and all were completely remodeled. Neighboring cities include Moreno Valley, Jurupa Valley, Fontana, Colton, and San Bernardino. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, R
We are proud to present an exceptional opportunity to acquire a well-maintained apartment complex located at 3401 Ramona Drive in Riverside. This 35,504 SF building sits on a generous 78,844 SF lot. The property is situated at the intersection of Ramona Drive and Olivewood Avenue. 3401 Ramona Drive is conveniently located within minutes to Riverside City College and the University of California Riverside. It provides easy access to the 91 Freeway, Downtown Riverside Metrolink train station, Riverside Community Hospital, Riverside Plaza and a variety of other shopping centers, restaurants, retailers, and parks, all just a short distance away. Showcasing mature and lush landscaping, 3401 Ramona Drive resides in a quiet residential neighborhood in Riverside. The property features a secured parking entrance gate, covered parking and surface parking stalls, a swimming pool, and an on-site laundry facility. Units feature kitchens with dishwashers and electric cooking systems, wood plank and carpet flooring throughout the units, central A/C system for the two-bedrooms and wall A/C for the one-bedrooms, ceiling fans, vertical blinds, and private balconies or patios. Five buildings have brand new roofs, and all 44 units have new windows, screens, and patio doors. Eight of the units (Units 36-44) were subject to a fire in 2017 with the previous owner and all were completely remodeled. Neighboring cities include Moreno Valley, Jurupa Valley, Fontana, Colton, and San Bernardino. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, Riverside Plaza, Magnolia Town Center, the Moreno Valley Mall, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3401 Ramona Drive is an admirable Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.
Location
State CA
County Riverside
Area Riv Cty-Riverside (92506)
Zoning Assessor
Interior
Cooling Central Forced Air, Wall/Window
Exterior
Pool Community/Common
Building
Lot Description Curbs, Sidewalks
Story 1
Others
Monthly Total Fees $132
Acceptable Financing Cash
Space Rent $1,279
Listing Terms Cash
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with ERIC CHEN • CB RICHARD ELLIS