2077 Patterson Street

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2077 Patterson Street

Riverside, CA 92507
Asking Price
$899K
Cap Rate
5.9%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 2077 Patterson Street in Riverside.
  • Property features a two-unit residential layout for efficient income generation.
  • Current asking price for this asset is set at 899,000 dollars.
  • Investment performance includes an established cap rate of 5.9 percent.
  • Located within the Inland Empire region of Southern California.

What's Special

Investors seeking to bolster their portfolios with a stabilized residential asset will find this apartment building at 2077 Patterson Street a practical addition. Located in Riverside, California, this multifamily property consists of two distinct units and offers a 5.9% cap rate for prospective buyers. The asset is situated within a growing Inland Empire market that benefits from consistent demand for rental housing due to its proximity to regional employment hubs and major transportation corridors. With a manageable size of two units, the property serves as a functional choice for private investors or boutique operators aiming for straightforward management in an established suburban setting. The Riverside area remains a notable component of the Southern California economy, drawing residents who value its balance of regional accessibility and local community character. This building represents a core multifamily investment opportunity for those prioritizing income-producing assets in a stable market environment.

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NOI
$80,000
Cap Rate
8.90%
DSCR
1.50
Strong
Cash-on-Cash
9.87%
Monthly Payment
$4,447.761
Annual Cash Flow
$26,626.862

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