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5164 Olivewood AVE Riverside, CA 92506
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Key Details
Sold Price $450,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID IV13249287
Sold Date 03/26/14
HOA Y/N No
Year Built 1966
Tax Year 2012
Lot Size 6,751 Sqft
Property Description
The Claystone apartment complex is located within walking distance from Riverside Community College, The Riverside Plaza, and Downtown Riverside. Must purchase this 4-plex along with the contiguous 4-plex at 5174 Olivewood Ave at $458,000 for a total price of $916,000. This is your chance to own two 4-unit, multi-family apartment complex. This property is unique because of the fact that it sits on two separate assessor parcel numbers, which means you would be able to obtain two separate 30-year fully amortized loans, as opposed to one 20-year commercial loan. Residences have access to the on site laundry facilities, as well as a private parking lot in the rear of the complex. All units are 2 bedrooms with central air and heat.
Location
State CA
County Riverside
Area 252 - Riverside
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry See Remarks
Exterior
Carport Spaces 3
Fence Block, Wood
Pool None
Community Features Sidewalks
Utilities Available Sewer Connected
Total Parking Spaces 7
Private Pool No
Building
Story Two
Entry Level Two
Foundation FHA Approved, Slab
Water Public
Level or Stories Two
Others
Senior Community No
Tax ID 219175004
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Raul Vega • Bankers Investment Group