Exclusive Listings

4-units in Riverside near UC Riverside

Address:
1196 Fountain Street
Riverside, CA 92507
Price:
$500,000
Status:
Available
Type:
Apartment
# Units:
4
Year Built:
1964
Building Size:
4194
Lot Size:
7405
CAP Rate:
4.73%
GRM:
13.78x
Price/Unit:
$125,000
Price/SqFt:

The Growth Investment Group is proud to offer 1196 Fountain Street, a 4-unit, NON rent-controlled apartment building located in Riverside, California. Situated in the booming city of Riverside, this sale presents an extremely rare opportunity for an investor to own a multi-family apartment building in one of the most prized locations in the Inland Empire. First time on the market in since 1994, this is an excellent opportunity for the right investor. 
This excellent location is perfectly situated near the 215 & 60 FWY. The property consists of a very attractive unit mix with 4 2Bedroom + 1Bathroom units perched behind a satisfactory 4-unit car port. Nestled off the 215 FWY in between the 10 & 60 FWY, this property is very commuter friendly. Situated less than 1 mile from Grand Terrace High School and just 3 miles from University California of Riverside, this is a highly desirable student rental area. This is an extremely rare investment that features amazing upside potential with all units individually metered for electricity and gas. Great additional parking in the front of the building.



The property is located 3 miles from University California of Riverside (UCR) while also only less than a mile from the Grand Terrace High School. The property is strategically situated in between Downtown Riverside & the upcoming city of Grand Terrace. Right off the 215 FWY in between the 10 & 60 FWY, this property is very commuter friendly.

INVESTMENT HIGHLIGHTS 
• Great location off the 215 FWY in between the 10 & 60 FWY 
• First time on market since 1994. 
• Very close to the University California of Riverside (UCR) 
• In the heart of one of the anchor cities in the Inland Empire 
• Superb access to all major freeways including  FWY 215, FWY 60 & FWY 10 
• Attractive unit mix with 4 units being 2bedroom + 1bathroom 
• Other creative uses can be employed such as converting some units into Airbnb units

PROPERTY HIGHLIGHTS 
• Excellent unit mix with each unit containing 2 bedrooms + 1 Bathroom 
• Separately metered for electricity and gas 
• Nice lot size on a quiet residential street 
• Commuter friendly, perfectly situated near 215 FWY 
• Only 3 miles from UCR 
• 4-unit Car Port with lots of additional parking 
• Very Low Maintenance 

Marketing Files


Due Diligence


Broker Contact

Matthew Guerra
Direct: 626.898.9740
mguerra@growthinvestmentgroup.com


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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