Olivewood Apartments, which is a 12-unit REO / Bank Owned asset. The property is located at 5530 Olivewood Avenue in the city of Riverside, CA. The property has estimated 10,800 rentable square feet and is situated on a 28,750 square feet lot.\r\n\r\nThe property has one one-bedroom / one-bathroom unit, 10 two-bedroom / one-bathroom units and one three-bedroom/ one-bathroom units. Each unit is individually metered for gas and electric. There is one laundry room and ample parking spaces. In addition, the property has a security entrance and gate.\r\n\r\nThe city of Riverside is committed to put in over $300 million dollars into re-development of the downtown areas. Projects include new hotels, office buildings, retail shopping centers and senior housing. The Downtown Mission Inn Hotel, the office of the county of Riverside and the city of Riverside employs over 4,000 workers. With the current Downtown re-developments on-going for the next few years have already created an additional 2,500 new jobs in the nearby areas, making the multi-family units very attractive for investors. Brokered And Advertised By: MARCUS & MILLICHAP Listing Agent: ERIC CHEN
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
