4800 Palm AVE new

Riverside,CA 92501

$ 19500000

- Bed

- Bath

- SqFt


Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV25148329

HOA Y/N No

Year Built 2021

Lot Size 1.960 Acres

Property Sub-Type Apartment

Property Description

We are proud proud to exclusively present The Woods Senior Living, a 55+ active adult apartment community located at 4800 N Palm Avenue in the city of Riverside. This superbly designed and well-located community is being brought to the market at an opportune time as the senior population of adults aged 55+ in the United States is projected to significantly increase over the next ten years and beyond.
The Woods Senior Living is ideally located within the city of Riverside's medical zone just west of downtown Riverside on Palm Avenue between Tequesquite Avenue and Beechwood Place. It is within walking distance to Riverside Community Hospital & Emergency Room, several urgent cares, doctors' offices, and medical clinics. The property also offers scenic views of Mount Rubidoux and is directly across the street from Ryan Bonaminio Park, providing tenants convenient access to greenbelt walkways and park amenities. The property is also within a 2-mile radius from the Metrolink Station, bus stations, supermarkets, financial institutions, shopping centers, and various restaurants.
The Woods Senior Living is an excellently maintained, and meticulously thought out, two-story, 59-unit property that is tailored to the senior community. Constructed in 2021, the property is one of a select few multifamily communities built in the Inland Empire over the last 5 years and is one of even fewer senior multifamily communities built during that time. It is a pride of ownership building situated on a lushly landscaped ±85,378 square foot lot, with a total building size of ±39,972 square feet. The Woods Senior Living features controlled gated entry and parking, carport parking, security monitoring system, elevator access, sprinkler system, fully furnished and equipped community room & kitchen, fitness center, exterior water fountains, and outdoor courtyard with BBQ grills. The property offers spacious one- and two-bedroom units with an average unit size of 677 square feet. Every unit includes central air conditioning and heating, plank & carpet flooring, private patio/balcony, tankless water heater, quartz countertops, in unit washer/dryer, prewired for ceiling fans, and stainless-steel appliances including refrigerator, oven/stove, dishwasher, and microwave.
The Woods Senior Living is a highly sought after income-producing property and a great long-term investment opportunity.

Location

State CA

County Riverside

Area 252 - Riverside

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dryer,Washer

Exterior

Parking Features Asphalt,Carport

Carport Spaces 27

Pool None

Community Features Curbs,Sidewalks

Total Parking Spaces 61

Private Pool No

Building

Lot Description Lot Over 40000 Sqft

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community Yes

Tax ID 217140039

Acceptable Financing Cash,Cash to New Loan

Listing Terms Cash,Cash to New Loan

Special Listing Condition Standard

View More
Favorite Go Tour