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.
For sale
Listing Provided by: CB RICHARD ELLIS
$14,000,000
2032 W Linden St, Riverside, CA 92507
--beds
--baths
46,834sqft
Est.:
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
- 23 hours |
- 33 |
- 0 |
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#: CV26053930
Originating 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
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Listed for sale | $14,000,000$299/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$82,159/mo
Principal & interest
$68509
Property taxes
$13650
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Climate risks
Neighborhood: Eastside
Nearby schools
GreatSchools rating
- 1/10Longfellow Elementary SchoolGrades: K-6Distance: 0.2 mi
- 4/10Matthew Gage Middle SchoolGrades: 7-8Distance: 3.1 mi
- 5/10John W. North High SchoolGrades: 9-12Distance: 0.7 mi



