1066 Orange Street

Closed 10/16/25
Closed 10/16/25
Gallery Image 1
Sold
Last Sold Price
$27,300,000
6 beds200 baths117,840 sqft
1066 Orange St, Riverside, CA 92501
Multi FamilyProperty Type
6.79 acresLot Size
1971Year Built
$232/sq ftPrice per sq ft
200 carsParking Spaces

Description

We are 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...We are 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, fitness center, playground, and a basketball court. The property also features controlled access for enhanced security, and mature, lush landscaping creating a pleasant atmosphere. Practical amenities such as ample surface parking and dedicated on-site maintenance and 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 central 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. 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.
  • Listed by: Eric Chen DRE #C32772 Brokerage DRE #00409987 • CB RICHARD ELLIS 626-757-5717
Listing closed: 10/16/2025 12:00 AM • Source: CRMLS, MLS#: CV25115941

Recent comparable sales

Median sold price

$765,000

Avg days on market

62

Sale-to-list ratio

96.7%

Riverside, CA

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Location

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772

Sold By CB RICHARD ELLIS, Eric Chen, DRE #01489184

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30 year fixed, 6.71% Interest

Principal and Interest

$141,074

Property Taxes

$3,153

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Property Information for 1066 Orange Street

Property Details
  • MLS Type: Residential Income / Res Income 2-4 Units
  • County: Riverside County
  • Parking Spaces Total: 200
  • Private Pool: No
  • Cooling Type: Wall/Window Unit(s)
  • Total Units: 120.0
  • Building Type: Attached
  • Lot Size Source: Assessor
  • Living Area: 117840
  • Assessor Parcel Number: 206-080-014
  • Property Attached YN: true
  • Common Walls: 2+ Common Walls
  • New Construction: No
  • Average Studio Area Units: Square Feet
  • Average 1 Bed Area Units: Square Feet
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Building Area Total: 117840
  • Building Area Units: Square Feet
  • Stories Total: 2
  • Entry Level: 1
  • Pool: No
  • Zoning: R1
  • Senior Community: No
  • Parcel Number: 206080014
  • Area: Riverside (252)
  • Directions: merge onto CA-60 E toward Riverside, Take exit 52B for Main St, Turn left onto Main St, Turn right onto Strong St, Turn left onto Orange St
Building Information
  • Building/Complex: 1066 Orange St
  • Stories: 2
  • Year Built: 1971
Income / Expense / Tax Details
Income Details
  • Gross Income: $2,377,160
  • Gross Scheduled Income: $2,377,160
  • Vacancy Allowance: 71315
  • Gross Operating Income: $2,305,845
  • Net Operating Income: $1,271,963
  • Laundry Income: $30,091
  • Other Income 1: $17,808
  • Other Income 2: $111,013
  • Gross Multiplier: 11.78
  • Cap Rate: 4.54
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $1,033,883
  • New Taxes Expense: $309,695
  • Fuel Expense: $35,114
  • Pest Control Expense: $1,200
  • Electric Expense: $103,737
  • Insurance Expense: $112,639
  • Maintenance Expense: $42,737
  • Professional Management Expense: $92,075
  • Other Expense: $24,000
  • Other Expense Description: Reserves
  • Trash Expense: $43,450
  • Water Sewer Expense: $106,967
  • Supplies Expense: $42,839
  • Total Expenses: $1,033,883
Tax / Assessment Info
  • Tax Tract Number: 042300
  • Tax Census Tract: 423.00
  • CFD/Mello-Roos Fee: $3,291
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: Lot Over 40000 Sqft
  • Number Of Units: 120
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 200
  • Open Other Spaces Total: 200
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 40
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,385
  • Unit Type Total Rent: $664,608
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 40
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,542
  • Unit Type Total Rent: $739,980
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 40
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $813,660
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 120
  • Rent Controlled: Yes
  • Number Of Buildings: 15
  • Number Of Separate Electric Meters: 120
  • Number Of Separate Gas Meters: 120
  • Number Of Separate Water Meters: 1

Property History for 1066 Orange Street

DateEvent & SourcePriceAppreciation
Oct 16, 2025

Sold

SDMLS #CV25115941

$27,300,000—
Oct 16, 2025

Sold

CLAW #CV25115941MR

$27,300,000—
Oct 16, 2025

Sold

CRMLS #CV25115941

$27,300,000—
DateEvent & SourcePrice
10/16/2025

Sold

SDMLS #CV25115941

$27,300,000
10/16/2025

Sold

CLAW #CV25115941MR

$27,300,000
10/16/2025

Sold

CRMLS #CV25115941

$27,300,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1066 Orange Street

Taxable ValueLand$5,800,000Additions$21,500,000Total$27,300,000
Tax Record2025$37,841 ($3,153 / month)
Home Facts
Total Finished SqFt76,250 SqFtAbove Grade Finished SqFt76,250 SqFtStories2Lot Size295,772 SqFtStyleMulti-Family Res (5+ Units)Year Built1971Year Renovated1971ZoningR1CountyRIVERSIDEAPN206-080-014

Schools near 1066 Orange Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Fremont Elementary School
Public - K to 6
University Heights Middle School
Public - 7 to 8
John W. North High School
Public - 9 to 12
REACH Leadership STEAM Academy
Charter - K to 6
Rating
School
Distance
Fremont Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

REACH Leadership STEAM Academy
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1066 Orange Street, Riverside, CA 92501
$27,300,000
6
200
117,840
295,772
1077 Orange Street, Riverside, CA 92501
–
–
–
–
–
1054 Orange Street, Riverside, CA 92501
$415,000
–
2
18,214
33,541
1030 Orange Street, Riverside, CA 92501
–
4
1.75
1,808
8,712
3562 Nash Street, Riverside, CA 92501
–
–
–
–
8,712
3550 Nash Street, Riverside, CA 92501
$150,000
3
1,716
8,712

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.