Millman Team Real Estate

$14,000,000
1.52 Acre Lot

2032 W Linden, Riverside, California 92507

  • Residential Income Property Type
  • 1959 Year Built
Property 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 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.

Basic Details
Residential Income
For Sale
CV26053930
$14,000,000
1959
1.52 Acre
Active Under Contract
1
Apartment
Features
: Community, In Ground
: Wall Furnace
: Wall/Window Unit(s)
25.0
: Common Area
: Public Sewer
$0
Address Map
CA
Riverside
Riverside
92507
Linden
2032
W118° 38' 38.5''
N33° 58' 43.6''
Merge onto CA-60 E toward Riverside, Use the right lane to take exit 33 for 3rd St toward Blaine St, Turn right onto 3rd St, Turn left onto Chicago Ave, Turn right onto W Linden St
252 - Riverside
W
Additional Information
$0
$0
$0
$0
$0
46834
: Sidewalks, Curbs, Pool
1
5.0
: Two
: Lot Over 40000 Sqft
63
2026-03-12
2
2
: Public
Broker/Agent Information
CB RICHARD ELLIS
Eric Chen
Listing Information
C32772
1177
Cash,Cash to New Loan
Active Under Contract
2026-06-17T17:50:23Z
CRMLS
: Standard
2026-06-17T10:40:06Z
Agent info
Ray Millman
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