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- 1066 Orange Street, Riverside, CA 92501
- MLS#: CV25115941 ( Apartment )
- Street Address: 1066 Orange Street
- Viewed: 6
- Price: $28,000,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1971
- Bldg sqft: 0
- Days On Market: 11
- Additional Information
- County: RIVERSIDE
- City: Riverside
- Zipcode: 92501
- Provided by: CB RICHARD ELLIS
- Contact: Eric Eric
- DMCA Notice
-
DescriptionWe are pleased to announce the offering of Springbrook Park Apartments, a 120 unit multifamily property exceptionally well located in Riverside, California. Situated at 1100 N Orange Street, the property benefits from a prime position within the thriving Inland Empire market. This strategic location provides investors with direct access to a robust working class demographic and significant potential for rental upside. Nestled between Nash Street and Columbia Avenue, Springbrook Park Apartments offers residents excellent connectivity to a wide array of amenities, transportation options, and is in close proximity to the University of California, Riverside. This offering represents a compelling opportunity to acquire a well positioned asset with substantial growth potential in a dynamic Inland Empire submarket. Constructed in 1971 and thoughtfully situated on a generous 6.79 acre parcel, Springbrook Park Apartments is a well maintained, two story community spanning 117,840 square feet. Recent capital improvements, including light interior renovations on turned over units, position the property for significant value add through continued renovations. The community offers a desirable mix of one bedroom, two bedroom, and three bedroom residences designed to meet various tenant needs. Residents enjoy a host of on site amenities that include a central laundry facility, fitness center, playground, and a basketball court. The property also features controlled access for enhanced security, and mature, lush landscaping creating a pleasant atmosphere. Practical amenities such as ample surface parking and dedicated on site maintenance and property management contribute to a well managed community. Individual units have been significantly upgraded and feature a variety of appealing interior amenities. These include the convenience of central air conditioning and heating, and fully equipped kitchens. Residents will also find a blend of vinyl wood flooring and carpeting in select areas, vertical blinds, ceiling fans, and mirrored closet doors. The propertys prime location offers residents easy walking access to nearby shopping, dining, and entertainment options, while also providing excellent accessibility to major highways. The property offers convenient access to major transportation arteries, including the 91, 215, 60, and 10 freeways, facilitating easy travel throughout the region and connecting to San Bernardino, Orange, and Los Angeles Counties.
Property Location and Similar Properties
All
Similar
Features
Building Area Total
- 117840.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Wall/Window Unit(s)
Country
- US
Electric Expense
- 103737.00
Fuel Expense
- 35114.00
Garage Spaces
- 0.00
Heating
- Wall Furnace
Insurance Expense
- 112639.00
Laundry Features
- Common Area
Laundry Income
- 30091.00
Levels
- Two
Lot Features
- Lot Over 40000 Sqft
Netoperatingincome
- 1271963.00
Newtaxesexpense
- 309695.00
Number Of Buildings
- 15
Number Of Separate Electric Meters
- 120
Number Of Separate Gas Meters
- 120
Otherexpense
- 24000.00
Otherexpensedescription
- Reserves
Otherincome1
- 17808.00
Otherincome2
- 111013.00
Parcel Number
- 206080014
Pest Control Expense
- 1200.00
Pool Features
- None
Professionalmanagementexpense
- 92075.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 439377860:CRM
Suppliesexpense
- 42839.00
Totalactualrent
- 2218248.00
Totalexpenses
- 1033883.00
Trash Expense
- 43450.00
Uncovered Spaces
- 200.00
Vacancyallowance
- 71315
Water Sewer Expense
- 106967.00
Water Source
- Public
Year Built
- 1971
Year Built Source
- Assessor
Zoning
- R1

Based on information from California Regional Multiple Listing Service, Inc. as of Jun 03, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on June 3, 2025 @ 12:00 am
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