3717 Roosevelt St - Multi-Family FOR SALE


Riverside, CA 92503- Arlington
$1,140,000 USD
714-814-2088
3717 Roosevelt St, Riverside, CA for Sale
$1,140,000 USD
Multi-Family - FOR SALE
1/11
null | 6.49% Cap Rate

3717 Roosevelt St
Riverside, CA 92503
Arlington


HIGHLIGHTS

  • ProForma CAP Rate of 6.49% with a ProForma GRM of 11.31 Current CAP Rate of 5.36%
  • Tenants are responsible for all utilities, with the exception of water, which is paid by ownership.
  • Attractive unit mix of 2-bed 1-bath Units.
  • Located in the desirable Arlington district of Riverside, an area with consistent occupancy & strong rental demand.
  • Storage units & Private Patios available for select units
  • Ample Parking for each unit

OVERVIEW

3717 Roosevelt Street presents a well-located 3+1 multifamily opportunity in one of Riverside’s most stable residential corridors. The property consists of three 2-bed/1-bath units plus an additional non-conforming 2-bed/1-bath unit, offering an attractive unit mix and strong income potential. Current rents remain below market, providing a clear path to upside through standard turnover and light interior improvements, with pro forma gross income projected at $100,800 annually. Operating costs are lean, and the 1960s construction profile supports efficient, predictable management with minimal deferred maintenance concerns. Positioned near major employment centers, retail hubs, and key transportation routes, the asset delivers a compelling blend of stability, cash-flow growth, and long-term appreciation—making it an ideal acquisition for investors seeking well-located, manageable multifamily in the heart of Riverside.

FOR SALE DETAILS

PRICE

$1,140,000 USD

PRICE/SF

$412 USD /SF

# OF UNITS

4

PRICE/UNIT

$285,000

CAP RATE

6.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,198 SF

ZONING

R3

APN/PARCEL ID

234-112-013

ASK ABOUT THIS PROPERTY

Albert LeLe Investment GroupMore Info
714-814-2088

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Albert LeLe Investment GroupMore Info
714-814-2088

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.