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- 4800 Palm Avenue, Riverside, CA 92501
- MLS#: CV25148329 ( Apartment )
- Street Address: 4800 Palm Avenue
- Viewed: 2
- Price: $19,500,000
- Price sqft: $0
- Waterfront: No
- Year Built: 2021
- Bldg sqft: 0
- Days On Market: 19
- Additional Information
- County: RIVERSIDE
- City: Riverside
- Zipcode: 92501
- Provided by: CB RICHARD ELLIS
- Contact: Eric Eric
- DMCA Notice
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DescriptionWe are proud proud to exclusively present The Woods Senior Living, a 55+ active adult apartment community located at 4800 N Palm Avenue in the city of Riverside. This superbly designed and well located community is being brought to the market at an opportune time as the senior population of adults aged 55+ in the United States is projected to significantly increase over the next ten years and beyond. The Woods Senior Living is ideally located within the city of Riversides 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.
Property Location and Similar Properties
All
Similar
Features
Building Area Total
- 39972.00
Carport Spaces
- 27.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Central Air
Country
- US
Garage Spaces
- 0.00
Gardner Expense
- 41033.00
Heating
- Central
Insurance Expense
- 38350.00
Laundry Features
- Dryer Included
- Washer Included
Levels
- Two
Lot Features
- Lot Over 40000 Sqft
Netoperatingincome
- 881952.00
Newtaxesexpense
- 215434.00
Number Of Separate Electric Meters
- 59
Number Of Separate Gas Meters
- 59
Otherexpense
- 11800.00
Otherexpensedescription
- Reserves
Parcel Number
- 217140039
Parking Features
- Carport
- Asphalt
Pool Features
- None
Professionalmanagementexpense
- 68588.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 442187032:CRM
Spa Features
- None
Suppliesexpense
- 20899.00
Totalactualrent
- 1363800.00
Totalexpenses
- 487784.00
Trash Expense
- 26665.00
Uncovered Spaces
- 34.00
Vacancyallowance
- 42363
Water Sewer Expense
- 26665.00
Water Source
- Public
Year Built
- 2021
Year Built Source
- Assessor

Based on information from California Regional Multiple Listing Service, Inc. as of Jul 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 July 3, 2025 @ 12:00 am
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