3904 Monroe

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3904 Monroe

Riverside, CA 92504
Asking Price
$839K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for sale in Riverside
  • The residential property contains two individual rental units
  • Current asking price for the asset is 839000 dollars
  • Located within the 92504 ZIP code of Southern California
  • Strategically positioned within the Inland Empire housing market

What's Special

Investors seeking to expand their residential holdings in Riverside, California will find this multifamily apartment building a practical addition to an income-generating portfolio. Situated at 3904 Monroe, the property consists of two units within the 92504 ZIP code, positioned in a region of the Inland Empire known for steady demand from a diverse workforce. The site benefits from its proximity to major transit corridors and the economic hubs of the Southern California metro area, supporting consistent tenant interest for rental housing. This asset offers a straightforward acquisition for those looking to manage residential rentals in a stable suburban environment. With two distinct units, the property provides operational simplicity for landlords focused on long-term capital appreciation and monthly cash flow. Its location allows easy access to local amenities and regional infrastructure, making it a functional choice for tenants navigating the growing Riverside housing market.

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NOI
$80,000
Cap Rate
9.54%
DSCR
1.61
Strong
Cash-on-Cash
11.99%
Monthly Payment
$4,150.914
Annual Cash Flow
$30,189.029

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