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La Paz & Las Palmas Apartments
Riverside, CA Eastside

$14,000,000 USD

Multifamily For Sale • 46,834 SF

2 Properties View all

Property Details

Property Type Multifamily
Cap Rate 5.67 %

41 Transit Score

74 Walk Score

                
                    Highlights
                
                                Rare Contiguous Two-Parcel Acquisition in a High-Growth Market -Prime opportunity to acquire two multifamily properties situated directly side by side
                            
                                Attractive Yield and Strong Financial Fundamentals - Competitively priced at $222,222 per unit ($299 per RSF)
                            
                                Strong Unit Mix with Functional Floor Plans
                            
                                Interior Finishes and Community Amenities - The gated community offers a swimming pool, laundry facilities, and BBQ areas set against lush landscaping
                            
                                Exceptional Location Across from Key Community Landmarks
                            
                                Stable Cash Flow in a Well-Maintained Asset

Financial Summary (Actual)

Net Operating Income: $793,459 USD (2025)

Cap Rate:	5.67 %
Total Expenses:	$437,326 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Riverside-Downtown (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	1.3 mi
	5 min	-	2.5 mi
Airport	Drive	Walk	Distance
Ontario International	24 min	-	17.8 mi
John Wayne/Orange County	54 min	-	43.5 mi

Eric Chen 909-418-2071 CBRE, Inc.

La Paz & Las Palmas Apartments Riverside, CA Eastside