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$10,550,000
63 Days Online

3401 Ramona Drive
Riverside, CA 92506

For Sale|Multi-Family|Active
County:
Riverside
Listed by ERIC CHEN of CB RICHARD ELLIS 626-757-5717

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Call Now: 1-909-997-9906
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1-909-997-9906
3401 Ramona Drive3401 Ramona Drive3401 Ramona Drive3401 Ramona Drive
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We are proud to present an exceptional opportunity to acquire a well-maintained apartment complex located at 3401 Ramona Drive in Riverside. This ±35,504 SF building sits on a generous ±78,844 SF lot. The property is situated at the intersection of Ramona Drive and Olivewood Avenue. 3401 Ramona Drive is conveniently located within minutes to Riverside City College and the University of California Riverside. It provides easy access to the 91 Freeway, Downtown Riverside Metrolink train station, Riverside Community Hospital, Riverside Plaza and a variety of other shopping centers, restaurants, retailers, and parks, all just a short distance away. Showcasing mature and lush landscaping, 3401 Ramona Drive resides in a quiet residential neighborhood in Riverside. The property features a secured parking entrance gate, covered parking and surface parking stalls, a swimming pool, and an on-site laundry facility. Units feature kitchens with dishwashers and electric cooking systems, wood plank and carpet flooring throughout the units, central A/C system for the two-bedrooms and wall A/C for the one-bedrooms, ceiling fans, vertical blinds, and private balconies or patios. Five buildings have brand new roofs, and all 44 units have new windows, screens, and patio doors. Eight of the units (Units 36-44) were subject to a fire in 2017 with the previous owner and all were completely remodeled. Neighboring cities include Moreno Valley, Jurupa Valley, Fontana, Colton, and San Bernardino. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, Riverside Plaza, Magnolia Town Center, the Moreno Valley Mall, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3401 Ramona Drive is an admirable Inland Empire income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

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Listing Snapshot
Price 
$10,550,000
Days Online 
63 Days
Bedrooms 
N/A
Inside Area (SqFt) 
35,504 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.81 Acres
Year Built 
1972
MLS® Number 
CV24098181
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
2 months agoListing first seen online
General Features
Parking Spaces 
0
Sewer 
Public Sewer
Number of Stories 
1One,Two
Acreage 
1.81
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
0
Zoning 
R3
Listing Conditions 
Standard
Interior Features
Cooling 
Central AirWall Window Units
Heating 
Wall Furnace
Laundry Features 
Common Area
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Exterior Features
Spa 
No
Pool Features 
Community
Spa Features 
None
Lot 
Lot Over40000 Sqft
Community Features
Association Dues 
0
Community Features 
CurbsSidewalksPool
Senior Community 
No
MLS Area 
252 - Riverside


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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