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$ 28,000,000
Est. payment /mo
Pending
1066 N Orange Street Riverside, CA 92501
117,840 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 117,840 sqft
Price per Sqft $237
MLS Listing ID CRCV25115941
HOA Y/N No
Year Built 1971
Lot Size 6.790 Acres
Acres 6.79
Property Sub-Type Other
Property Description
We are pleased to announce the offering of Springbrook Park Apartments, a 120-unit multifamily property exceptionally well-located in Riverside, California. Situated at 1100 N Orange Street, the property benefits from a prime position within the thriving Inland Empire market. This strategic location provides investors with direct access to a robust working-class demographic and significant potential for rental upside. Nestled between Nash Street and Columbia Avenue, Springbrook Park Apartments offers residents excellent connectivity to a wide array of amenities, transportation options, and is in close proximity to the University of California, Riverside. This offering represents a compelling opportunity to acquire a well-positioned asset with substantial growth potential in a dynamic Inland Empire submarket. Constructed in 1971 and thoughtfully situated on a generous 6.79-acre parcel, Springbrook Park Apartments is a well-maintained, two-story community spanning 117,840 square feet. Recent capital improvements, including light interior renovations on turned-over units, position the property for significant value add through continued renovations. The community offers a desirable mix of one-bedroom, two-bedroom, and three-bedroom residences designed to meet various tenant needs. R
Location
State CA
County Riverside
Zoning R1
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 206080014
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Listed by Eric Chen • CB RICHARD ELLIS