10359 Gould Street
Property Overview
Rare ±0.85-acre infill site Zoned R-3-1500 Multi-Family Residential in city of Riverside. Corner of Tyler street and Alrington Ave. Received conceptual approval from the City of Riverside for a 27-unit multifamily project consisting of all 27 units 3-bedroom / 2-bathroom each. Strong Rental Support for 3BR/2BA Units: City of Riverside Section 8 vouchers : $2,851 – $3,320 Riverside County Section 8 v: $3,079 Illustrative Income Potential (at $3,000 per unit/month): 27 units × $3,000/month × 12 months = $972,000 potential gross annual income x 13 gross multiplier = potential furture value when project finished $12,636,000 . This combination of conceptual City approval and proven demand for larger 3BR/2BA units creates an attractive opportunity for multifamily developers and investors seeking an infill project with a clear path forward.
Home Details
- Property type
- Land
- Lot size
- 37,026 sq ft
- Days on market
- 6
- MLS status
- Active
- Zoning
- R3-1500
Features & Amenities
Lot
- Twenty Six To Thirty Units Acre
Community, Schools & Utilities
Community
- View
- None
Utilities
- Water
- Public
- Sewer
- None
Location & Neighborhood
Frequently Asked Questions About 10359 Gould Street
Property type: Land
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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