95u | 3.5 Acres | No City Rent Control 955 Via Zapata 95 Unité Immeuble d’appartements 31 251 710 $ CAD (328 965 $ CAD/Unité) 5,30% Taux de capitalisation Riverside, CA 92507

Link to the Document Center: https://properties.berkadia.com/via-zapata-properties-487536
Tour Dates: April 9th & 14th (by appointment)
Berkadia is excited to exclusively offer for sale an incredible value-add opportunity to purchase 95 units near UC Riverside with NO city rent control. Comprised of two properties: 955 Via Zapata (54 Units) and 1005 Via Zapata (41 Units). These contiguous properties are being offered for a combined $242K per unit and $253 PSF with a market cap rate of 6.9%. This is the first time these properties have been on the market in over 13 years (can be sold together or individually). The property has park-like grounds with two swimming pools, gazebo entertainment area, community room, and laundry facilities. 6-minute walk to Canyon Crest Town Centre: Ralphs Fresh Fare, Handels Homemade Ice Cream, East Coast Bagel, Georgie’s Mediterranean Cuisine, Allie’s Hallmark Shop, Uptown Candy Shop, Nekter Juice Bar, Donut Tyme, Canyon Crest Cleaners, Chase Bank and More. Minutes to UC Riverside, Downtown Riverside, Canyon Crest Country Club.
ADDITIONAL PORTFOLIO OPPORTUNITY:
If you are interested in acquiring a larger portfolio from the same ownership, these properties can be purchased with two other value-add opportunities with NO city rent control: 54 units on over 2.5 acres, just three minutes from University of Redlands (the Kimberly Apartments); and/or 61 units in Upland, just seven minutes from the Claremont Colleges (Amber Court & Amber Pines).