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3741 Harvill Lane, Riverside, CA 92503

$1,800,000

3741 Harvill Lane, Riverside, CA 92503

Active
Last Updated: 02/12/2025

5.2

Cap Rate

7,340 sqft

Building Size

Details:
Cap Rate:    5.2%
Building Size:    7,340 sqft
Lot Area:    10,454 acres
Units:    8
Occupancy:    100%
Year Built:    1977
Floors:    2
Heating:    Central
Cooling:    Cantral
Description:

The property at 3741 Harvill Lane in Riverside, California, is an eight-unit apartment building constructed in 1975. Spanning 7,340 square feet situated on 10,454 square feet of land, it offers a mix of Four 1-bedroom units; two 2- bedroom units, and two 3-bedroom units. Amenities include ten one-car garages plus additional back and side parking; a spacious on-site laundry facility, and central air conditioning and heating. In 2024 the property underwent significant plumbing upgrades and other capital improvements allowing a new owner to focus on more aesthetic value-add components for the Subject Property. Strategically located on the border of Corona and Riverside, this complex benefits from the region's robust commercial real estate market. In addition, the property’s close proximity to the 91-freeway provides another incentive for local residents. Directly across the street from the property is Villegas Middle School, which has an enrollment of approximately 1,262 students, a large sports field, open spaces and a community events hall.




Eight Unit Property with 1, 2 & 3 Bedroom Units

Ten One-Car Garages Plus Additional On-Site Parking

Plumbing Upgrades Conducted in 2024

Central Air Conditioning in Each Unit

Across the Street from Villegas Middle School

Close Proximity to the 91-Freeway

Located on the Border of Corona and Riverside

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