5748 Tilton Ave
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5748 Tilton Ave
14 Unit Apartment Building $2,950,000 ($210,714/Unit) 5.32% Cap Rate Jurupa Valley, CA 92509
Investment Highlights
- Opportunity to Increase Rental Income by up to 23% to Achieve Market Rents
- High Rental Demand Location in the Inland Empire
- Superbly-Maintained Property Consisting of ±6,424 Rentable SF; Situated on a ±10,019 SF Lot
- Current 5.32% Cap Rate on Current Income, 7.13% Cap Rate at Market Rents
- Historically High Occupancy
- All 1B/1B Unit Floor Plans | Average Unit Size of ±460 Square Feet
Executive Summary
CBRE is excited to exclusively present a unique 14-unit multifamily investment opportunity located at 5748 Tilton Avenue in Jurupa Valley, CA. Situated within a short drive of the thriving Downtown Riverside, this property benefits from its strategic position between major thoroughfares Limonite Avenue and Mission Boulevard, as well as its proximity to major freeways (60, 91 and 215). 5748 Tilton Avenue offer investors a rare chance to acquire a superbly-maintained and well-situated asset in a well sought-after neighborhood.
5748 Tilton Avenue consist of ±6,424 of rental square feet on a ±10,019 square foot lot and features low-maintenance landscaping, on-site laundry with gated surface parking. Units have been updated and feature fully equipped kitchens with oven ranges, dishwashers, microwaves, ceiling fans, vertical blinds, individual porches and laminate plank wood flooring throughout. Riverside’s strategic location within Southern California positions it as a compelling destination for working professionals. The city’s convenient access to major freeways like the 60, 91, and 215 offers seamless connectivity to Riverside County, San Bernardino County, Los Angeles County, and beyond. This prime location, coupled with a dynamic community, draws a diverse talent pool. Top employers in the healthcare, manufacturing, retail, education and government industries, contribute to Riverside’s thriving economy. The city’s cost of living, while competitive with other Southern California areas, makes it an attractive option for working-class professionals seeking a balance between affordability and quality of life. Residents also enjoy easy access to a variety of cultural attractions within a 20-mile radius. These include the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the convenient Downtown Metrolink Station, the iconic Riverside Fox Theatre, Riverside City College, and the prestigious University of California, Riverside. This combination of career opportunities, cultural amenities, and a strategic location makes Riverside a highly sought-after place to live and work. 5748 Tilton Avenue is a prime Riverside income-producing property and a great long-term investment. The property is in a desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
5748 Tilton Avenue consist of ±6,424 of rental square feet on a ±10,019 square foot lot and features low-maintenance landscaping, on-site laundry with gated surface parking. Units have been updated and feature fully equipped kitchens with oven ranges, dishwashers, microwaves, ceiling fans, vertical blinds, individual porches and laminate plank wood flooring throughout. Riverside’s strategic location within Southern California positions it as a compelling destination for working professionals. The city’s convenient access to major freeways like the 60, 91, and 215 offers seamless connectivity to Riverside County, San Bernardino County, Los Angeles County, and beyond. This prime location, coupled with a dynamic community, draws a diverse talent pool. Top employers in the healthcare, manufacturing, retail, education and government industries, contribute to Riverside’s thriving economy. The city’s cost of living, while competitive with other Southern California areas, makes it an attractive option for working-class professionals seeking a balance between affordability and quality of life. Residents also enjoy easy access to a variety of cultural attractions within a 20-mile radius. These include the Galleria at Tyler, the historic Mission Inn Hotel and Spa, the convenient Downtown Metrolink Station, the iconic Riverside Fox Theatre, Riverside City College, and the prestigious University of California, Riverside. This combination of career opportunities, cultural amenities, and a strategic location makes Riverside a highly sought-after place to live and work. 5748 Tilton Avenue is a prime Riverside income-producing property and a great long-term investment. The property is in a desirable area and offers stability for any type of investor, whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange buyer.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $245,352 | $35.65 |
Other Income | $4,693 | $0.68 |
Vacancy Loss | $7,501 | $1.09 |
Effective Gross Income | $242,544 | $35.24 |
Taxes | $35,145 | $5.11 |
Operating Expenses | $50,312 | $7.31 |
Total Expenses | $85,457 | $12.42 |
Net Operating Income | $157,087 | $22.83 |
Financial Summary (Actual - 2024)
Gross Rental Income | |
---|---|
Annual | $245,352 |
Annual Per SF | $35.65 |
Other Income | |
---|---|
Annual | $4,693 |
Annual Per SF | $0.68 |
Vacancy Loss | |
---|---|
Annual | $7,501 |
Annual Per SF | $1.09 |
Effective Gross Income | |
---|---|
Annual | $242,544 |
Annual Per SF | $35.24 |
Taxes | |
---|---|
Annual | $35,145 |
Annual Per SF | $5.11 |
Operating Expenses | |
---|---|
Annual | $50,312 |
Annual Per SF | $7.31 |
Total Expenses | |
---|---|
Annual | $85,457 |
Annual Per SF | $12.42 |
Net Operating Income | |
---|---|
Annual | $157,087 |
Annual Per SF | $22.83 |
Property Facts
Price | $2,950,000 | Apartment Style | Low Rise |
Price Per Unit | $210,714 | Building Class | C |
Sale Type | Investment | Lot Size | 0.23 AC |
Cap Rate | 5.32% | Building Size | 6,424 SF |
Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
No. Units | 14 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1981 |
Property Subtype | Apartment | Parking Ratio | 3.11/1,000 SF |
Price | $2,950,000 |
Price Per Unit | $210,714 |
Sale Type | Investment |
Cap Rate | 5.32% |
Gross Rent Multiplier | 11.8 |
No. Units | 14 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.23 AC |
Building Size | 6,424 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1981 |
Parking Ratio | 3.11/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 14 | $1,495 | 460 |
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PROPERTY TAXES
Parcel Number | 181-042-009 | Total Assessment | $2,171,314 (2023) |
Land Assessment | $125,888 (2023) | Annual Taxes | $35,145 ($5.47/SF) |
Improvements Assessment | $2,045,426 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
181-042-009
Land Assessment
$125,888 (2023)
Improvements Assessment
$2,045,426 (2023)
Total Assessment
$2,171,314 (2023)
Annual Taxes
$35,145 ($5.47/SF)
Tax Year
2024
zoning
Zoning Code | R-3-4000 |
R-3-4000 |
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5748 Tilton Ave
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