2032 W Linden Riverside, CA $ 14,000,000
2032 W Linden
$ 14,000,000
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2032 W Linden

Riverside, CA, 92507
$ 14,000,000
Baths1.0 Sq 46,834

Monthly Estimate*

$ 86,200

Listed by CB RICHARD ELLIS
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Studio

Multi-Family Home for sale in Riverside, CA

for $14,000,000 with 1 full bath. This 46,834 square foot home was built in 1959 on a lot size of 1.52.

We are pleased to present the exclusive opportunity to acquire 63 units across two contiguous parcels, consisting of the La Paz and Las Palmas Apartments. Located in the heart of Riverside, these assets offer a premier foothold in one of Southern California’s most high-demand rental markets. These well-maintained assets occupy a prime location at 2032 and 2052 Linden Street, offering tenants unparalleled convenience and a high-quality lifestyle. The properties are located just minutes from the vibrant Downtown Riverside district, the historic Mission Inn Hotel and Spa, and major educational anchors including Riverside City College, Cal Baptist University and the University of California, Riverside. Commuters benefit from immediate access to the Metrolink Downtown Riverside Station and a sophisticated regional transportation network. With proximity to the 91, 10, 60, and 215 freeways, the property serves as a central hub connecting residents to major employment centers across Riverside, San Bernardino, Orange, and Los Angeles Counties. The community offers a secure environment through gated entry and perimeter fencing, complemented by a suite of amenities including a community swimming pool, shared laundry facilities, and an outdoor BBQ area. The architecture is defined by a classic stucco and stone aesthetic, framed by lush, mature landscaping. Property infrastructure includes both covered and surface parking for resident convenience. Two-car garages are also available for lease, ideal for both parking and additional storage. Interior features include functional kitchens equipped with oven ranges, ceiling fans, vertical blinds, and a mix of tile or vinyl wood flooring. Each unit is further serviced by wall-mounted air conditioning and heating units. These stable, well-maintained assets provides immediate income security and remains a highly attractive destination for residents seeking quality housing in a well-established submarket. The portfolio’s proven performance and strategic location make it an ideal acquisition for a wide range of investors. Whether tailored for a first-time purchaser looking for scale, a seasoned institutional investor expanding a regional footprint, or a 1031 exchange buyer requiring a reliable, low-vacancy asset, these contiguous properties offer long-term stability and an exceptional foothold in the thriving Inland Empire economy.

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Multi-Family Active

Price

$ 14,000,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

1.52

Year Built

1959

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

CV26053930

Days on Market

11

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Garage Spaces 5
Pool Features Community In Ground
Year Built 1959
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 1295563
Community Features Curbs Sidewalks Pool
Additional Parcels Description 211151008
County Riverside
Net Operating Income 793460
Operating Expense 437326
Insurance Expense 65501
New Construction false
Property Type Residential Income
MaintenanceExpense 47250
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Merge onto CA-60 E toward Riverside Use the right lane to take exit 33 for 3rd St toward Blaine St Turn right onto 3rd St Turn left onto Chicago Ave Turn right onto W Linden St
City Riverside
Entry Location 1
Senior Community Y/N false
Open Parking Spaces 20
Number Of Units Total 63
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 66211
Carport Spaces 25
Carport Y/N true
Number of Units Leased 63
Listing Terms Cash Cash to New Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 6898
Fuel Expense 4395
Trash Expense 21347
Water Sewer Expense 15724
Additional Parcels Y/N true
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 0
Total Actual Rent 1238292
Property Sub Type Additional Apartment
Taxes 157857
Cap Rate 5.67
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features Lot Over 40000 Sqft
Water Source Public
Total Parking 50
Lot Size Area 66211
Number of Buildings 2
Spa false
Building Area Total 46834
Lot Size Acres 1.52
Private Pool false
Lot Size Source Assessor
Pool Charge 10003
Number of Separate Water Meters 1
Number of Separate Gas Meters 63
Number of Separate Electric Meters 63
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* Excluded Features
List By
Cb Richard Ellis

Broker

eric.chen@cbre.com

Email

Affordability Calculator

$86,200
Per Month
100%
0%
0%
Monthly Principal & Interest
$86,200
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/12/2026$14,000,000 Listed Price

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2032 W Linden, Riverside, CA, 92507 is a Multi-Family Home for sale at $14,000,000 with 46,834 sqft and a lot size of 1.52. 2032 W Linden is a studio with 1.0 baths and was built in 1959. The property's zip code is 92507 which is in Riverside, CA