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For sale
  • Listing Provided by: CB RICHARD ELLIS
    $14,000,000

    2032 W Linden St, Riverside, CA 92507

    --beds
    --baths
    46,834sqft
    : 
    Multi Family
    Built in 1959
    -- sqft lot
    $-- Zestimate®
    $299/sqft
    $-- HOA

    What's special

    Gated entryCommunity swimming poolPerimeter fencingOutdoor bbq areaLush mature landscapingCovered and surface parkingVertical blinds
    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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    Zillow last checked: 7 hours ago

    Listing updated: 18 hours ago

    Listing Provided by:

    Eric Chen 626-757-5717,

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV26053930MLS LogoOriginating MLS: California Regional MLS

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    Facts & features

    Interior

    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 46,834
    • Total interior livable area: 46,834 sqft

    Property

    Parking
    • Total spaces: 50
    • Parking features: Garage, Carport
    • Garage spaces: 5
    • Carport spaces: 25
    • Covered spaces: 30
    • Uncovered spaces: 20
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: Community, In Ground
    • Spa features: None
    Lot
    • Size: 1.52 Acres
    • Features: Lot Over 40000 Sqft
    Details
    • Additional parcels included: 211151008
    • Parcel number: 211151009
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1959

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Sidewalks, Pool
    Location
    • Region: Riverside

    Financial & listing details

    • Price per square foot: $299/sqft
    • Date on market: 3/12/2026
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 1238292
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    3/12/2026Listed for sale$14,000,000$299/sqft
    Source: CRMLS #CV26053930 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ payment

    Est. payment
    $82,159/mo
    Principal & interest
    $68509
    Property taxes
    $13650
    More affordability tools

      Climate risks

      Neighborhood: Eastside

      Getting around

      73 / 100
      Very Walkable
      40 / 100
      Some Transit
      71 / 100
      Very Bikeable

      Nearby schools

      GreatSchools rating

      Local experts in 92507