210-Unit Value-Add Portfolio in So Cal 3 Multifamily Properties Offered at $76,163,330 CAD in Multiple Locations

Tour Dates (By Appointment):
Redlands & Riverside - April 14
Upland – April 28 & 30
Berkadia is excited to exclusively offer for sale a 210-Unit Value-Add portfolio in Southern California with No City Rent Control. This portfolio is comprised of 6 properties totaling 210 units, all located in desirable inland empire locations, including Riverside (95 units; 2 adjacent properties; 1971/72 YB), Redlands (54 units; 1 property; 1964 YB), and Upland (61 units; 3 properties on the same block; 1962/65 & 1975 YB). Owned by the same long-term ownership (some owned for over 20 years), the portfolio offers a tremendous value-add opportunity with over $340/unit/month in rental upside potential and a market cap rate close to 7%.
The properties feature spacious home-like units averaging over 1,000sf with some townhouse-style units, and an attractive unit mix of studio, one-, two-, and three-bedroom units. All 6 properties are in desirable locations near downtown areas, major shopping destinations, dining, entertainment, and outdoor recreation. Minutes to highly rated universities and colleges, including UC Riverside and University of Redlands.
Note: Unit SF shown are estimates to be verified by Buyer.
The properties Can be Purchased Together, Individually, or In Any Combination.
LINKS TO ALL PROPERTIES:
95 units on 3.5 acres (across street from Canyon Crest Town Centre; minutes to Downtown Riverside and UC Riverside)
https://properties.berkadia.com/via-zapata-properties-487536/
54 units on over 2.5 acres (3 minutes from Downtown Redlands and University of Redlands)
https://properties.berkadia.com/kimberly-487272/
61 units minutes to Historic Downtown Upland
https://properties.berkadia.com/amber-court-properties-492804/