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Unit Mix – 1: 3BD/1BA, 1: 2BD/2BA, 5: 1BD/1BA. Total: 10BD/7BA. Rents are at market and the property is well maintained in the path of Riverside’s redevelopment. Great investment opportunity. Motivated Seller!
Close proximity to the 91 and 215 Freeways. Minuets away from the historic Mission Inn and downtown Riverside.
For more information on this listing or our other listings located in the Inland Empire, please contact:
Brittany Duhs: (949) 573-3105 or Brittany.Duhs@EastWestCommercial.com
Michael Duhs: (949) 939-8352 or Michael.Duhs@EastWestCommercial.com
The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. Buyer to conduct its own due diligence.
About EAST WEST Commercial Real Estate
EAST WEST Commercial Real Estate is a full service commercial real estate brokerage advisor specializing in investment sales, commercial leasing and finance for retail, office, industrial multifamily, senior housing, self-storage, mixed-use and special purpose properties throughout California and Arizona. The firm is headquartered in Orange County, CA. Brokerage offices include Sacramento, San Francisco, Walnut Creek, San Jose, Oakland, Los Angeles, San Diego, Orange County, Riverside, San Bernardino, Phoenix, Flagstaff, and Reno. Other services include bank REOs, 1031 exchanges, nationwide commercial Business Opinions of Value (BOV’s) and Broker Price Opinions (BPO’s), mortgage brokerage, lender services, and asset management.
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http://www.EastWestCommercial.com
http://www.EastWestCaptialAdvisors.com
http://www.CommercialBrokerPriceOpinion.com
East West Commercial Real Estate is pleased to announce Hank Hardison as its new Los Angeles / San Fernando Valley commercial real estate broker associate. With over 20 years’ experience in the commercial real estate industry and being a licensed salesperson with the State of California since 1990, Hank will be a tremendous asset to the East West Commercial Real Estate Team.
After years of experience with the general public and honing his skills as a real estate professional, including commercial sales, property management as well as lending. He has the experience and knowledge needed with all aspects of retail-office leasing & sales that gives him the added edge to get the job done.
When the opportunity presented itself to join East West Commercial Real Estate, he knew his past work experience would fit the niche of East West Commercial Real Estate.
Hank Hardison now specializes in seeking out qualified tenants/buyers for all the properties the firm has available, in addition to the properties available that fit his client’s needs for the sale and lease of retail stores and shopping centers in Chatsworth, Simi Valley, Burbank, San Fernando Valley, Thousand Oaks and the communities of greater Los Angeles.
Given Hank’s unique set of experiences, coupled with his strong analytical skills and proven ability to serve clients, he is a solid team member and dedicated professional for commercial real estate owners, investors, tenants and landlords throughout the entire Los Angeles / San Fernando Valley area.
Hank Hardison is a Los Angeles / San Fernando Valley commercial real estate associate specializing in lease and investment transactions for retail, shopping centers, multi-family and mixed-use properties. He is part of the firm East West Commercial Real Estate, a full service commercial real estate services company with offices throughout California including, Los Angeles, San Francisco, San Diego, San Jose, Orange County, San Jose, Sacramento, Oakland, and Walnut Creek. East West Commercial Real Estate provides brokerage and asset management services for retail, shopping centers, office, industrial, apartments, medical office, self storage, senior housing, and hospitality. For more information, contact Hank Hardison at 805-340-9672 or Hank.Hardison@EastWestCommercial.com or http://www.eastwestcommercial.com.
Downtown Riverside Apartment building for sale. 7 unit building with a single family home in the front of the property and multi-family units in the back. Great investment opportunity! Motivated seller! BPO / BOV.
Contact Information:
Michael Duhs- Managing Broker
Direct (949) 939-8352
30262 Crown Valley Parkway, Suite B518
Laguna Niguel, CA 92677
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Motivated Seller BOV / BPO
Located in Beamont – Riverside County. 12 Unit multi-family building for sale. Mostly 2 BD / 1 BA. Great investment opportunity. Well maintained building; good neighborhood.
Contact Information:
Michael Duhs- Managing Broker
Direct (949) 939-8352
30262 Crown Valley Parkway, Suite B518
Laguna Niguel, CA 92677
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Inland Empire apartment operations will strengthen in 2011 as payroll expansion resumes and the pace of new construction remains constrained. Job gains will become a primary driver of renter demand growth. Total employment will post net gains for the first time since 2006, and occupancies will continue to rise, led by strong absorption.
Apartment Investment activity in the region will continue to improve in 2011 as long-term hold buyers purchase bank-owned assets. Opportunities to acquire REO listings and value-add properties will remain prevalent. Cap rates for these assets will average in the mid-7 percent to low-8 percent range this year. Demand for assets closer to Los Angeles County employment centers will outstrip supply.
2011 Market Outlook
· 2011 National Rank: 32, Up 5 Places. Inland Empire kept the market in the bottom 1/3 of the ranking.
· Employment Forecast: Total employment in the two-county region will expand by 1.5%.
· Vacancy Forecast: Average vacancy rate will fall approximately 100 basis points this year to 7%.
· Rent Forecast: Effective rents will increase 2.2%.
· Investment Forecast: Although REO and top-tier deals will dominate sales this year, some unique opportunities will emerge.
For investment sales information with commercial real estate in Los Angeles, San Diego, Orange County, Riverside, San Bernardino — Apartments for Sale, investment property, commercial REO’s, commercial bpo’s, commercial bov’s, and commercial broker price opinions, please contact Michael Duhs, Managing Director of East West Commercial at www.EastWestCommercial.com or (949) 939-8352.
As Reported by Marcus & Millichap in the 2011 Annual Report.