3575 Ottawa Avenue
Riverside, CA 92507
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1954 build
- – on site
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Highlights; Competitive Offering CAP Rate of 6.01 % With a ProForma CAP Rate of 6.42 %, Competitive Offering GRM of 10.77 With a ProForma GRM of 10.39, New Vinyl Windows, Tuck Under Garages, Conservative 10% Upside In Potential Rental Income Per Rental Survey, 100 % Occupied Asset, Rental Comparables Illustrate a 98 % Occupancy Area. The Ottawa Street Apartment is situated on a corner lot totaling 24,000 Sq. Ft. This ten unit apartment community is composed of 5 one bedroom / one bathroom units & 5 two bedroom / one bathroom units. The property has been updated throughout the years, recent improvements include new vinyl windows throughout. The current tenants are long term & the building is 100% occupied. In the heart of the City of Riverside, the property is ideally located, one block north of University Avenue, which represents a main thoroughfare between Historic Downtown Riverside, Riverside Community College and The University of California Riverside. University Avenue has been an emphasis of development, with new retail and office spaces steadily moving east, towards Downtown. With initiatives by the City to implement street cars running from Downtown to the UCR Campus, a train station in the neighborhood is also expected in the near future.
Last checked:
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Last updated Feb 27, 2025
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MLS# IV15248158 —
The Building
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Year Built:1954
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Year Built Source:Assessor
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Building Area Total:6970.00
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Total Number Of Units:10
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# of Buildings:2
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Common Walls:2+ Common Walls
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# of Separate Gas Meters:1
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# of Separate Water Meters:10
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# of Separate Electric Meters:10
Interior
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Levels:Two
The Property
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Lot Features:11-15 Units/Acre
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Lot Size SqFt:24000.00
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Lot Size Source:Assessor
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Property Attached:1
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:153
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Tax Lot:6
The Listing
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Special Listing Conditions:Standard
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Parcel Number:211153006
Utilities
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Utilities:Sewer Connected
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Water Source:Public
The Community
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Features:Curbs, Sidewalks, Street Lighting, Storm Drains
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:15.00
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Garage Spaces:5.00
Extra Units
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Average 1 Bed Area:700
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Average 2 Bed Area:987
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/15/16
Feb 15, 2016
|
Sold | CRMLS_CA | $1,100,000 |
