Palm Vista
Apartment Community
4830 Palm Ave, Riverside, CA 92501
We are pleased to present Palm Vista, a 23 + 1 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 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.
PROPERTY FACTS
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.55 AC |
| Building Size | 21,850 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1969/2007 |
| Parking Ratio | 2.15/1,000 SF |
| Zoning | R-3 – Restricted Density Multiple Dwelling |
Price: $6,250,000
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