$8,200,000

3401 Ramona Drive

Riverside CA, 92506

Description

Ramona Oaks Apartments is a 44-unit gated apartment complex located adjacent to The Historic Woods District in Riverside, CA. Built in 1964; the property consists of a good mix of 1 and 2-bedroom units. Unit amenities include patios or balconies, dishwashers and granite countertops in select units. Common area amenities include a pool, laundry facility, covered parking with secure storage, and secured access. Ramona Oaks Apartments offers the opportunity to purchase an income producing asset with an in-place cap rate of 4.5% and 6% on market.

Details

MLS#PW20240717
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site9

Features

SQ Feet40,000
Units44
Building(s)1

Market Activity 92506

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Area Information
StateCA
CountyRiverside
CityRiverside
Zip Code92506
Area699 - Not Defined
Listing VS Median (in 92506)
Price:
$8,200,000
low | high
Med:
$530,000
100% of Average
SqFt:
40,000
low | high
Med:
1,866
100% of Average
$ / SqFt:
$205
low | high
Med:
$284
11.448775259457% of Average
On Site:
9
low | high
Med:
69
13.04347826087% of Average
Listing Updated: November 25, 2020 3:19:46 AM PST
Chris Keramati LogoMLS Number: PW20240717
Listing Provided By:
Chris Keramati  of  Triqor Group
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.