Multifamily

3029 Canyon Crest Drive

3029 Canyon Crest Drive, Riverside, CA 92507

Listing Price: $895,000

Cap Rate
4.51%
Number of Units
4
Price/Unit
$223,750
Price/Gross SF
$213.10
Gross SF
4,200

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3029 Canyon Crest Drive, a 4-unit multifamily investment property located at 3029 Canyon Crest, Riverside, CA. Built in 1965 and situated on an 8,276 square foot lot, 3029 Canyon Crest Drive offers spacious two-bedroom townhome units and amenities including garage parking, security doors, private patios, fireplaces, and on-site laundry. The property's parking is also supplemented by ample street and alley parking spots. 3029 Canyon Crest Drive is located in a HOA-governed community which provides residents with access to the community's amenities and also covers landscaping, security, trash, and pool maintenance. 3029 Canyon Crest Drive is less than half of a mile from the University of California, Riverside (UCR), one of the premier public schools in California. Home to over 25,000 students as of Fall 2018, the university provides a constant demand for quality apartments within the neighborhoods surrounding UCR. In addition, the property is just 0.25 miles from the shops along University Avenue as well as the University Village shopping center, placing residents minutes away from numerous shopping, dining, and entertainment options.

Investment Highlights

  • A 4-Unit Multifamily Investment Property Located in Riverside
  • The Property Consists Exclusively of Spacious Two-Bedroom Townhouse Units
  • Amenities Include a Security Doors, Fireplaces, Private Patios, Garage Parking, and On-Site Laundry
  • Uniquely Benefits from Being a Part of an HOA-Governed Community, Which Allows Residents Access to the Gated Community Swimming Pool and Also Covers the Landscaping, Security, Trash, and Pool Maintenance Costs for the Owner
  • Located Less Than 0.5 Miles from the University of California, Riverside

Exclusively Listed By

Listing Price: $895,000

Cap Rate
4.51%
Number of Units
4
Price/Unit
$223,750
Price/Gross SF
$213.10
Gross SF
4,200

Investment Highlights

  • A 4-Unit Multifamily Investment Property Located in Riverside
  • The Property Consists Exclusively of Spacious Two-Bedroom Townhouse Units
  • Amenities Include a Security Doors, Fireplaces, Private Patios, Garage Parking, and On-Site Laundry
  • Uniquely Benefits from Being a Part of an HOA-Governed Community, Which Allows Residents Access to the Gated Community Swimming Pool and Also Covers the Landscaping, Security, Trash, and Pool Maintenance Costs for the Owner
  • Located Less Than 0.5 Miles from the University of California, Riverside

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3029 Canyon Crest Drive, a 4-unit multifamily investment property located at 3029 Canyon Crest, Riverside, CA. Built in 1965 and situated on an 8,276 square foot lot, 3029 Canyon Crest Drive offers spacious two-bedroom townhome units and amenities including garage parking, security doors, private patios, fireplaces, and on-site laundry. The property's parking is also supplemented by ample street and alley parking spots. 3029 Canyon Crest Drive is located in a HOA-governed community which provides residents with access to the community's amenities and also covers landscaping, security, trash, and pool maintenance. 3029 Canyon Crest Drive is less than half of a mile from the University of California, Riverside (UCR), one of the premier public schools in California. Home to over 25,000 students as of Fall 2018, the university provides a constant demand for quality apartments within the neighborhoods surrounding UCR. In addition, the property is just 0.25 miles from the shops along University Avenue as well as the University Village shopping center, placing residents minutes away from numerous shopping, dining, and entertainment options.

Exclusively Listed By

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