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The Lindy East & West 1117-1177 W Linden St

50 Unit Apartment Building $14,000,000 ($280,000/Unit) 4.32% Cap Rate Riverside, CA 92507

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Executive Summary

CBRE is pleased to present The Lindy Apartments, sister properties, located just minutes from one another: Lindy West & Lindy East! The properties offer spacious ONE, TWO, & THREE-bedroom floor plan options with elegant finishes. The unit mix consists of (7) Studio, (7) 1 Bedroom | 1 Bathroom Units, (34) 2 Bedroom | 2 Bathroom units, and (2) 3 Bedroom | 2 Bathroom unit with a total building size of ± 47,916 square feet. This property provides several amenities which includes ample parking, laundry facilities, and a leasing office. Centrally located in Riverside, California near a wide array of restaurants and entertainment! Located just minutes away from the UCR Downtown Riverside, the Mission Inn, coffee shops, and more.

Property Facts

Price	$14,000,000	Apartment Style	Low Rise
Price Per Unit	$280,000	Building Class	B
Sale Type	Investment	Lot Size	0.55 AC
Cap Rate	4.32%	Building Size	46,000 SF
Gross Rent Multiplier	12.94	No. Stories	2
No. Units	50	Year Built	1963
Property Type	Multifamily	Parking Ratio	1/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$14,000,000
Price Per Unit	$280,000
Sale Type	Investment
Cap Rate	4.32%
Gross Rent Multiplier	12.94
No. Units	50
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.55 AC
Building Size	46,000 SF
No. Stories	2
Year Built	1963
Parking Ratio	1/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.