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5035 Olivewood Avenue, Riverside, California

$2,550,000Contract Pending

5035 Olivewood Avenue, Riverside, California 92506
Brad New~Vanguard Property Group - MLS® ID: PW17111497

Property Details

5035 Olivewood Avenue, Riverside, California 92506 - The Glen Echo Apartments consists of a an attractive unit mix: (1) 3+1.5 SFR, (11) 2+1 units, (8) 1+1 units near Downtown Riverside, Riverside Community College, and University of California, Riverside. Superb access to all major freeways including FWY 91, FWY 215, FWY 60. Tenant amenities include: Courtyard with a sparkling pool, BBQ areas, on-site laundry facility, carport and open parking. The Glen Echo Apartments allows for an investor to acquire a well-positioned asset in a supply constrained submarket. Increased demand for apartment rentals within the University submarket have increased rents significantly, and all projections point towards continued growth. The property is located near various amenities including: multiple supermarkets, transit lines, dining establishments and service providers.

Amenities

  • Zip92506
  • CountyRiverside
  • StatusActive
  • Purchase TypeContract Pending
  • Property typeMulti-Family
  • Year built1963
  • Lot size39204.0000
  • ParkingCarport
  • Office IDPB18879
  • Agent IDPNEWBRAD
  • Agent nameBrad New
  • MLS® IDPW17111497

Broker: Brad New~Vanguard Property Group

Listing Courtesy of Brad New~Vanguard Property Group

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