Springbrook Park Apartments 1100 N Orange St Immeuble residentiel 120 lots 24 383 801 € (203 198 €/Lot) Taux de capitalisation 4,54 % Riverside, CA 92501

CBRE, as the exclusive advisor, is pleased to announce the offering of Springbrook Park Apartments, a 120-unit multifamily property exceptionally well-located in Riverside, California.
Situated at 1100 N Orange Street, the property benefits from a prime position within the thriving Inland Empire market. This strategic location provides investors with direct access to a robust working-class demographic and significant potential for rental upside. Nestled between Nash Street and Columbia Avenue, Springbrook Park Apartments offers residents excellent connectivity to a wide array of amenities, transportation options, and is in close proximity to the University of California, Riverside. This offering represents a compelling opportunity to acquire a well-positioned asset with substantial growth potential in a dynamic Inland Empire submarket.
Constructed in 1971 and thoughtfully situated on a generous 6.79-acre parcel, Springbrook Park Apartments is a well-maintained, two-story community spanning 117,840 square feet. Recent capital improvements, including light interior renovations on turned-over units, position the property for significant value add through continued renovations. The community offers a desirable mix of one-bedroom, two-bedroom, and three-bedroom residences designed to meet various tenant needs.
Residents enjoy a host of on-site amenities that include a central laundry facility, playground, and a basketball court. The property also features mature, lush landscaping creating a pleasant atmosphere. Practical amenities such as ample surface parking and dedicated on-site property management contribute to a well-managed community.
Individual units have been significantly upgraded and feature a variety of appealing interior amenities. These include the convenience of wall air conditioning and heating, and fully equipped kitchens. Residents will also find a blend of vinyl wood flooring and carpeting in select areas, vertical blinds, ceiling fans, and mirrored closet doors. The property’s prime location offers residents easy walking access to nearby shopping, dining, and entertainment options, while also providing excellent accessibility to major highways.
Riverside boasts a dynamic and well-diversified economy, anchored by significant employment centers in sectors such as healthcare and social assistance, retail, trade, transportation and warehousing, manufacturing, and robust educational institutions like the University of California, Riverside. The city also benefits from a growing professional and technical services industry.
The property offers convenient access to major transportation arteries, including the 91, 215, 60, and 10 freeways, facilitating easy travel throughout the region and connecting to San Bernardino, Orange, and Los Angeles Counties. Springbrook Park is also close to neighboring cities such as San Bernardino, Corona, Moreno Valley, Colton, and Loma Linda. Within a 20-mile radius, residents can explore significant local landmarks like the historic Mission Inn Hotel & Spa, March Field Air Museum, Mount Rubidoux Park and the UC Riverside Botanic Gardens.
This broad and stable employment base acts as a consistent magnet for a strong and diverse workforce. The resulting influx of professionals and students fuels persistent demand for rental housing throughout Riverside and the surrounding Inland Empire, creating a favorable environment for multifamily property investment with the potential for sustained occupancy and rental growth.
Presenting a compelling investment opportunity, Springbrook Park Apartments in Riverside offers both immediate income and substantial growth potential. The property currently generates $184,854 in monthly income, reflecting an in-place CAP Rate of 4.54%. With a projected 41% upside in rental income, this investment promises a strong and attractive return. Whether you are a first-time buyer entering the market, a seasoned investor expanding your portfolio, or executing a 1031 Exchange, this property stands out for its exceptional stability and long-term value within a high-demand market.