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$14,000,000

FOR SALE
Active

2032 W Linden

Riverside, CA

MLS# CV26053930

Apartment
6 days on marketNalren refreshed

Listing Agent

Eric Chen

Listing Agent

CB RICHARD ELLIS

DRE #: 01489184

(626) 757-5717

Brokerage: CB RICHARD ELLIS

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1959

Year Built

1.52 acres

Lot Size

N/A

Price/Sq Ft

5

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

We are pleased to present the exclusive opportunity to acquire 63 units across two contiguous parcels, consisting of the La Paz and Las Palmas Apartments. Located in the heart of Riverside, these assets offer a premier foothold in one of Southern California’s most high-demand rental markets. These well-maintained assets occupy a prime location at 2032 and 2052 Linden Street, offering tenants unparalleled convenience and a high-quality lifestyle. The properties are located just minutes from the vibrant Downtown Riverside district, the historic Mission Inn Hotel and Spa, and major educational anchors including Riverside City College, Cal Baptist University and the University of California, Riverside. Commuters benefit from immediate access to the Metrolink Downtown Riverside Station and a sophisticated regional transportation network. With proximity to the 91, 10, 60, and 215 freeways, the property serves as a central hub connecting residents to major employment centers across Riverside, San Bernardino, Orange, and Los Angeles Counties. The community offers a secure environment through gated entry and perimeter fencing, complemented by a suite of amenities including a community swimming pool, shared laundry facilities, and an outdoor BBQ area. The architecture is defined by a classic stucco and stone aesthetic, framed by lush, mature landscaping. Property infrastructure includes both covered and surface parking for resident convenience. Two-car garages are also available for lease, ideal for both parking and additional storage. Interior features include functional kitchens equipped with oven ranges, ceiling fans, vertical blinds, and a mix of tile or vinyl wood flooring. Each unit is further serviced by wall-mounted air conditioning and heating units. These stable, well-maintained assets provides immediate income security and remains a highly attractive destination for residents seeking quality housing in a well-established submarket. The portfolio’s proven performance and strategic location make it an ideal acquisition for a wide range of investors. Whether tailored for a first-time purchaser looking for scale, a seasoned institutional investor expanding a regional footprint, or a 1031 exchange buyer requiring a reliable, low-vacancy asset, these contiguous properties offer long-term stability and an exceptional foothold in the thriving Inland Empire economy.

Facts & Features

Interior

Laundry Features
Community Laundry

Exterior

Private Pool
No
Lot Features
Lot Over40000 Sqft

Building

Year Built
1959
Building Area Total
46,834
Levels
Two
Stories Total
2

Utilities

Heating
Wall Furnace
Cooling
Wall Window Units
Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
5
Parking Total
50

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