1.96 Acres Lot
1.96 Acres Lot
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
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
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