2032 W Linden St

Riverside, CA 92507

$14,000,000
Price
3
Beds
63
Baths
46,834 Sq. Ft.
$299 / Sq. Ft.
46,834
Sq. Ft.
$299
per Sq. Ft.
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Description

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...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.
  1. Listed by Eric Chen • DRE #C32772 • Brokerage DRE #00409987 • CB RICHARD ELLIS • 626-757-5717

Property Details for 2032 West Linden Street

Parking Spaces Total
50
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
63.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
46834
Assessor Parcel Number
211-151-009
LISTING UPDATED: 03/16/2026 03:33 AM

Property Details for 2032 West Linden Street

StatusActive
MLS #CV26053930
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1959
CountyRiverside County
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Location

Listing Courtesy of CB RICHARD ELLIS, Eric Chen, DRE #C32772
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Building Information for 2032 West Linden Street

Building/Complex2032 W Linden StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1959Building Size-

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$74,703 per month

30 year fixed, 6.46% Interest

Principal and Interest

$70,497

Property Taxes

$4,206

HOA Dues

$0

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Property Information for 2032 West Linden Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $1,295,563
  • Gross Scheduled Income: $1,295,563
  • Vacancy Allowance: 64778
  • Gross Operating Income: $1,230,785
  • Net Operating Income: $793,460
  • Garage Income: $7,757
  • Laundry Income: $13,941
  • Other Income 1: $7,926
  • Other Income 2: $27,648
  • Gross Multiplier: 10.81
  • Cap Rate: 5.67
Expense Details
  • Operating Expense: $437,326
  • New Taxes Expense: $157,857
  • Gardener Expense: $9,483
  • Fuel Expense: $4,395
  • Pest Control Expense: $2,604
  • Pool Expense: $10,003
  • Electric Expense: $6,898
  • Insurance Expense: $65,501
  • Maintenance Expense: $47,250
  • Professional Management Expense: $76,328
  • Other Expense: $12,600
  • Other Expense Description: Reserves
  • Trash Expense: $21,347
  • Water Sewer Expense: $15,724
  • Supplies Expense: $7,335
  • Total Expenses: $437,326
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 030503
  • CFD/Mello-Roos Fee: $1,453
  • Tax Lot: 0
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: In Ground, Community
  • Pool Description: In Ground
  • Pool: Below Ground, Community/Common
  • Pool Heat: Below Ground, Community/Common
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 211151008
  • Lot Features: Lot Over 40000 Sqft
  • Number Of Units: 63
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Uncovered Spaces: 20
  • Open Other Spaces Total: 20
  • Parking Garage Spaces: 5
  • Carport Spaces: 25
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,200
  • Unit Type Total Rent: $14,400
  • Unit Type Pro Forma: 1250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 39
  • 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: $1,567
  • Unit Type Total Rent: $733,332
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 23
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,777
  • Unit Type Total Rent: $490,560
  • Unit Type Pro Forma: 2050
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 63
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 63
  • Number Of Separate Gas Meters: 63
  • Number Of Separate Water Meters: 1

Property History for 2032 West Linden Street

DateEvent & SourcePriceAppreciation
Mar 12, 2026

Listed (Active)

CLAW #CV26053930MR

$14,000,000—
Mar 12, 2026

Listed (Active)

CRMLS #CV26053930

$14,000,000—
Mar 12, 2026

Listed (Active)

SDMLS #CV26053930

$14,000,000—
Jan 10, 2011

Sold

CRMLS #C10114005

$3,300,000—
Jan 10, 2011

Sold

CLAW #C10114005MR

$3,300,000—
Nov 30, 2010

Pending

CRMLS #C10114005

—
Nov 30, 2010

Pending

CLAW #C10114005MR

—
Oct 19, 2010

Listed (Active)

CRMLS #C10114005

$3,750,000—
Oct 19, 2010

Listed (Active)

CLAW #C10114005MR

$3,750,000—
DateEvent & SourcePrice
03/12/2026

Listed (Active)

CLAW #CV26053930MR

$14,000,000
03/12/2026

Listed (Active)

CRMLS #CV26053930

$14,000,000
03/12/2026

Listed (Active)

SDMLS #CV26053930

$14,000,000
01/10/2011

Sold

CRMLS #C10114005

$3,300,000
01/10/2011

Sold

CLAW #C10114005MR

$3,300,000
11/30/2010

Pending

CRMLS #C10114005

—
11/30/2010

Pending

CLAW #C10114005MR

—
10/19/2010

Listed (Active)

CRMLS #C10114005

$3,750,000
10/19/2010

Listed (Active)

CLAW #C10114005MR

$3,750,000

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

Public Records for 2032 West Linden Street

Taxable ValueLand$499,504Additions$3,917,329Total$4,416,833
Tax Record2025$50,474 ($4,206 / month)
Home Facts
Total Finished SqFt22,410 SqFtAbove Grade Finished SqFt22,410 SqFtStories2Lot Size31,363 SqFtStyleMulti-Family Res (5+ Units)Year Built1776ZoningR3CountyRIVERSIDEAPN211-151-009

Schools near 2032 West Linden Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Longfellow Elementary School
Public - K to 6
Matthew Gage Middle School
Public - 7 to 8
John W. North High School
Public - 9 to 12
Abraham Lincoln Continuation School
Public - 9 to 12
Rating
School
Distance
Longfellow Elementary School
PublicK to 6

Matthew Gage Middle School
Public7 to 8

John W. North High School
Public9 to 12

Abraham Lincoln Continuation School
Public9 to 12

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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More information about 2032 West Linden Street, Riverside, CA 92507

2032 West Linden Street is a multi-family home for sale in Riverside, CA 92507. This property was listed for sale on March 12, 2026 by CB RICHARD ELLIS, it's currently listed at $14,000,000. It has been on the market for a total of 22 days and was last sold on January 10, 2011. This listing's school district is Riverside Unified School District. Nearby schools include Longfellow Elementary School, Matthew Gage Middle School and John W. North High School. 2032 West Linden Street is a 3-bed, 63-bath, 46,834 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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.