$14,000,000
2032 W Linden, Riverside CA 92507
Multi-Family (63 Units)
Property type
85 days
On market
$299
Price per sqft
5 cars
Garage
1959
Year built
66,211 sqft
Lot size
Home highlights
Open Houses
Overview
We are pleased to present the exclusive opportunity to acquire 63 units across two contiguous parcels, consisting of the La Paz and Las Palmas Apartments. Located in the heart of Riverside, these assets offer a premier foothold in one of Southern California’s most high-demand rental markets. These well-maintained assets occupy a prime location at 2032 and 2052 Linden...
Listing provided by: Eric Chen 909-418-2071, CB RICHARD ELLIS
Listing updated: Mar 16, 2026 at 05:35pm.
Last checked: Jun 5, 2026 at 02:00am
Source: CRMLS #CV26053930
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $1,200 | $14,400 | $1,250 | Unfurnished |
| 39 | 1 | 1 | — | $1,567 | $733,332 | $1,800 | Unfurnished |
| 23 | 2 | 1 | — | $1,777 | $490,560 | $2,050 | Unfurnished |
# of Buildings: 2
# of Units Total: 63
Separate Electric Meters: 63
Separate Gas Meters: 63
Separate Water Meters: 1
Rent Control: No
Units Leased: 63
Total Actual Rent: $1,238,292
Financial Snapshot
Gross Rent Multiplier
10.8x
List Price / Annual Gross Rent
Cap Rate
5.67%
NOI / List Price
Gross Scheduled Income: $1,295,563
Vacancy Allowance: $64,778
Operating Expense: $437,326
Net Operating Income: $793,460
Annual Operating Expenses
Electric: $6,898
Gardener: $9,483
Fuel: $4,395
Insurance: $65,501
Maintenance: $47,250
New Taxes: $157,857
Pest Control: $2,604
Pool: $10,003
Professional Management: $76,328
Supplies: $7,335
Trash: $21,347
Water / Sewer: $15,724
Other Expense: $12,600
Interior
Cooling: Wall Window Units
Heating: Wall Furnace
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Lot Over40000 Sqft
Pool: Community, In Ground
Spa: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 5
Uncovered Spaces: 20
Carport Spaces: 25
Parking Total: 50
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 211151009
Additional Parcels: Yes
Tax Lot: 0
Community
Senior Community: No
Community Features: Curbs, Sidewalks, Pool
Nearby Schools
Nearby schools around the 2032 W Linden, Riverside, CA 92507. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$11,200,000
Total Interest
$14,284,983
Total Payment
$25,484,983
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$85,525
per month
Property History for 2032 W Linden
Riverside Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92507.
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