3573 Columbia Ave, Riverside, CA 92501 | For Sale

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  • 3573 Columbia Ave

3573 Columbia Ave

Riverside, CA, 92501

For Sale $5,798,000

$5,798,000
  • ☆☆☆☆☆★★★★★
    Five Stars
  • (0)
  • Units
  • Unknown Sq Ft
  • 53,579 Sq Ft
  • Unknown Cap Rate

Description

***SELLER FINANCING AVAILABLE with below market Competitive Interest Rate.***

The Villas at Columbia is an 18-unit apartment community located just 1.5 miles from the heart of downtown Riverside. Built in 1988, the property sits on a 1.23-acre parcel and features gated access, covered parking, and ample space for potential ADU additions. Per CA State Law, 4-6 ADUs are allowed to be converted or built based on existing number of units. The allowable floor area for each ADU ranges from 150 sf to 800 sf. ADUs add considerable NOI and value-added. (Buyers shall complete their independent due diligence on ADUs.) In the past six months, 11 of the units have undergone comprehensive renovations, including updated flooring, fresh paint, modernized kitchens with new appliances and cabinetry, and fully remodeled bathrooms. Each unit is equipped with air conditioning, fireplaces, ceiling fans, and other appealing design features. The property includes a tentative map and fully processed DRE/HOA documents, enabling a seamless conversion to for-sale condominiums at the owner's discretion. This presents a unique opportunity to unlock significant additional value through a condo conversion strategy. Each unit is individually metered for electricity and gas, with tenants covering these costs. The owner currently pays for trash, water, and sewer, and there is no RUBS program in place, offering potential buyers an opportunity to enhance operational efficiency and increase income. The unit mix is highly desirable, featuring one-bedroom units with lofts and two-bedroom units with and without lofts. Uniquely, all one-bedroom units include 1.5 bathrooms, an uncommon feature in the market. Additionally, loft units command a notable rental premium compared to non-loft options.

  • 3573 Columbia Ave
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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $5,798,000
Property Type Other
Usable Sqft Unknown
Number of Stories 2 stories
Parking Spots 0 spots
Year Built 1988
Last Sold Unknown
Sold Price Unknown
APN # 206080019
MLS # OC24239190
Property ID 319989380
Lot Sqft 53,579
Zoning Unknown
Days on Market 118
Original List Price $5,798,000
Applicances Dryer%
Date Updated March 11, 2025
Date Created November 20, 2024

Financials

Unit # Beds Baths Current Rent Proforma Rent
Unit #1 1 1.00 $1,555 $18,250
Unit #2 2 2.00 $1,805 $7,900
Unit #3 2 2.00 $1,765 $8,300

Mortgage Center

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Show Advance Options
CanvasJS.com
Your payment
$40,707
per month
CanvasJS.com
Estimated payment $40,707 /mo
Loan amount $5,798,000
Down payment $0
Interest rate 7.5%
Loan term 30 years
Taxes & insurance included? YES
Property tax 1.2%/YR
Homeowner's insurance $67/mo
HOA dues $0/mo

Payment Breakdown

CanvasJS.com
Your payment
$40,707
per month

Amortization

CanvasJS.com

Principal vs. interest

CanvasJS.com

Amortization Schedule

Over 360 months you will spend $8,797,016 in interest.
MONTH PRINCIPAL & INTEREST PRINCIPAL INTEREST PRINCIPAL REMAINING
1 $40,540 $4,303 $36,238 $5,793,698
2 $40,540 $4,329 $36,211 $5,789,368
3 $40,540 $4,356 $36,184 $5,785,012
4 $40,540 $4,384 $36,156 $5,780,628
5 $40,540 $4,411 $36,129 $5,776,217
6 $40,540 $4,439 $36,101 $5,771,778
7 $40,540 $4,466 $36,074 $5,767,312
8 $40,540 $4,494 $36,046 $5,762,818
9 $40,540 $4,522 $36,018 $5,758,295
10 $40,540 $4,551 $35,989 $5,753,745
11 $40,540 $4,579 $35,961 $5,749,165
12 $40,540 $4,608 $35,932 $5,744,558
13 $40,540 $4,637 $35,903 $5,739,921
14 $40,540 $4,665 $35,875 $5,735,256
15 $40,540 $4,695 $35,845 $5,730,561
16 $40,540 $4,724 $35,816 $5,725,837
17 $40,540 $4,754 $35,786 $5,721,084
18 $40,540 $4,783 $35,757 $5,716,300
19 $40,540 $4,813 $35,727 $5,711,487
20 $40,540 $4,843 $35,697 $5,706,644
21 $40,540 $4,873 $35,667 $5,701,771
22 $40,540 $4,904 $35,636 $5,696,867
23 $40,540 $4,935 $35,605 $5,691,932
24 $40,540 $4,965 $35,575 $5,686,967
25 $40,540 $4,996 $35,544 $5,681,970
26 $40,540 $5,028 $35,512 $5,676,942
27 $40,540 $5,059 $35,481 $5,671,883
28 $40,540 $5,091 $35,449 $5,666,793
29 $40,540 $5,123 $35,417 $5,661,670
30 $40,540 $5,155 $35,385 $5,656,515
31 $40,540 $5,187 $35,353 $5,651,329
32 $40,540 $5,219 $35,321 $5,646,109
33 $40,540 $5,252 $35,288 $5,640,858
34 $40,540 $5,285 $35,255 $5,635,573
35 $40,540 $5,318 $35,222 $5,630,255
36 $40,540 $5,351 $35,189 $5,624,904
37 $40,540 $5,384 $35,156 $5,619,520
38 $40,540 $5,418 $35,122 $5,614,102
39 $40,540 $5,452 $35,088 $5,608,650
40 $40,540 $5,486 $35,054 $5,603,164
41 $40,540 $5,520 $35,020 $5,597,644
42 $40,540 $5,555 $34,985 $5,592,089
43 $40,540 $5,589 $34,951 $5,586,500
44 $40,540 $5,624 $34,916 $5,580,876
45 $40,540 $5,660 $34,880 $5,575,216
46 $40,540 $5,695 $34,845 $5,569,521
47 $40,540 $5,730 $34,810 $5,563,791
48 $40,540 $5,766 $34,774 $5,558,024
49 $40,540 $5,802 $34,738 $5,552,222
50 $40,540 $5,839 $34,701 $5,546,383
51 $40,540 $5,875 $34,665 $5,540,508
52 $40,540 $5,912 $34,628 $5,534,596
53 $40,540 $5,949 $34,591 $5,528,648
54 $40,540 $5,986 $34,554 $5,522,662
55 $40,540 $6,023 $34,517 $5,516,638
56 $40,540 $6,061 $34,479 $5,510,577
57 $40,540 $6,099 $34,441 $5,504,478
58 $40,540 $6,137 $34,403 $5,498,341
59 $40,540 $6,175 $34,365 $5,492,166
60 $40,540 $6,214 $34,326 $5,485,952
61 $40,540 $6,253 $34,287 $5,479,699
62 $40,540 $6,292 $34,248 $5,473,407
63 $40,540 $6,331 $34,209 $5,467,076
64 $40,540 $6,371 $34,169 $5,460,705
65 $40,540 $6,411 $34,129 $5,454,295
66 $40,540 $6,451 $34,089 $5,447,844
67 $40,540 $6,491 $34,049 $5,441,353
68 $40,540 $6,532 $34,008 $5,434,822
69 $40,540 $6,572 $33,968 $5,428,249
70 $40,540 $6,613 $33,927 $5,421,636
71 $40,540 $6,655 $33,885 $5,414,981
72 $40,540 $6,696 $33,844 $5,408,285
73 $40,540 $6,738 $33,802 $5,401,547
74 $40,540 $6,780 $33,760 $5,394,766
75 $40,540 $6,823 $33,717 $5,387,943
76 $40,540 $6,865 $33,675 $5,381,078
77 $40,540 $6,908 $33,632 $5,374,170
78 $40,540 $6,951 $33,589 $5,367,218
79 $40,540 $6,995 $33,545 $5,360,224
80 $40,540 $7,039 $33,501 $5,353,185
81 $40,540 $7,083 $33,457 $5,346,102
82 $40,540 $7,127 $33,413 $5,338,976
83 $40,540 $7,171 $33,369 $5,331,804
84 $40,540 $7,216 $33,324 $5,324,588
85 $40,540 $7,261 $33,279 $5,317,327
86 $40,540 $7,307 $33,233 $5,310,020
87 $40,540 $7,352 $33,188 $5,302,667
88 $40,540 $7,398 $33,142 $5,295,269
89 $40,540 $7,445 $33,095 $5,287,825
90 $40,540 $7,491 $33,049 $5,280,333
91 $40,540 $7,538 $33,002 $5,272,796
92 $40,540 $7,585 $32,955 $5,265,211
93 $40,540 $7,632 $32,908 $5,257,578
94 $40,540 $7,680 $32,860 $5,249,898
95 $40,540 $7,728 $32,812 $5,242,170
96 $40,540 $7,776 $32,764 $5,234,393
97 $40,540 $7,825 $32,715 $5,226,568
98 $40,540 $7,874 $32,666 $5,218,694
99 $40,540 $7,923 $32,617 $5,210,771
100 $40,540 $7,973 $32,567 $5,202,799
101 $40,540 $8,023 $32,517 $5,194,776
102 $40,540 $8,073 $32,467 $5,186,703
103 $40,540 $8,123 $32,417 $5,178,580
104 $40,540 $8,174 $32,366 $5,170,406
105 $40,540 $8,225 $32,315 $5,162,181
106 $40,540 $8,276 $32,264 $5,153,905
107 $40,540 $8,328 $32,212 $5,145,577
108 $40,540 $8,380 $32,160 $5,137,197
109 $40,540 $8,433 $32,107 $5,128,764
110 $40,540 $8,485 $32,055 $5,120,279
111 $40,540 $8,538 $32,002 $5,111,741
112 $40,540 $8,592 $31,948 $5,103,149
113 $40,540 $8,645 $31,895 $5,094,504
114 $40,540 $8,699 $31,841 $5,085,805
115 $40,540 $8,754 $31,786 $5,077,051
116 $40,540 $8,808 $31,732 $5,068,242
117 $40,540 $8,863 $31,677 $5,059,379
118 $40,540 $8,919 $31,621 $5,050,460
119 $40,540 $8,975 $31,565 $5,041,485
120 $40,540 $9,031 $31,509 $5,032,455
121 $40,540 $9,087 $31,453 $5,023,368
122 $40,540 $9,144 $31,396 $5,014,224
123 $40,540 $9,201 $31,339 $5,005,023
124 $40,540 $9,259 $31,281 $4,995,764
125 $40,540 $9,316 $31,224 $4,986,447
126 $40,540 $9,375 $31,165 $4,977,073
127 $40,540 $9,433 $31,107 $4,967,639
128 $40,540 $9,492 $31,048 $4,958,147
129 $40,540 $9,552 $30,988 $4,948,596
130 $40,540 $9,611 $30,929 $4,938,984
131 $40,540 $9,671 $30,869 $4,929,313
132 $40,540 $9,732 $30,808 $4,919,581
133 $40,540 $9,793 $30,747 $4,909,789
134 $40,540 $9,854 $30,686 $4,899,935
135 $40,540 $9,915 $30,625 $4,890,019
136 $40,540 $9,977 $30,563 $4,880,042
137 $40,540 $10,040 $30,500 $4,870,002
138 $40,540 $10,102 $30,438 $4,859,900
139 $40,540 $10,166 $30,374 $4,849,734
140 $40,540 $10,229 $30,311 $4,839,505
141 $40,540 $10,293 $30,247 $4,829,212
142 $40,540 $10,357 $30,183 $4,818,854
143 $40,540 $10,422 $30,118 $4,808,432
144 $40,540 $10,487 $30,053 $4,797,945
145 $40,540 $10,553 $29,987 $4,787,392
146 $40,540 $10,619 $29,921 $4,776,773
147 $40,540 $10,685 $29,855 $4,766,088
148 $40,540 $10,752 $29,788 $4,755,336
149 $40,540 $10,819 $29,721 $4,744,517
150 $40,540 $10,887 $29,653 $4,733,630
151 $40,540 $10,955 $29,585 $4,722,675
152 $40,540 $11,023 $29,517 $4,711,652
153 $40,540 $11,092 $29,448 $4,700,560
154 $40,540 $11,162 $29,379 $4,689,398
155 $40,540 $11,231 $29,309 $4,678,167
156 $40,540 $11,301 $29,239 $4,666,866
157 $40,540 $11,372 $29,168 $4,655,494
158 $40,540 $11,443 $29,097 $4,644,051
159 $40,540 $11,515 $29,025 $4,632,536
160 $40,540 $11,587 $28,953 $4,620,949
161 $40,540 $11,659 $28,881 $4,609,290
162 $40,540 $11,732 $28,808 $4,597,558
163 $40,540 $11,805 $28,735 $4,585,753
164 $40,540 $11,879 $28,661 $4,573,874
165 $40,540 $11,953 $28,587 $4,561,921
166 $40,540 $12,028 $28,512 $4,549,893
167 $40,540 $12,103 $28,437 $4,537,789
168 $40,540 $12,179 $28,361 $4,525,611
169 $40,540 $12,255 $28,285 $4,513,356
170 $40,540 $12,332 $28,208 $4,501,024
171 $40,540 $12,409 $28,131 $4,488,616
172 $40,540 $12,486 $28,054 $4,476,129
173 $40,540 $12,564 $27,976 $4,463,565
174 $40,540 $12,643 $27,897 $4,450,922
175 $40,540 $12,722 $27,818 $4,438,201
176 $40,540 $12,801 $27,739 $4,425,400
177 $40,540 $12,881 $27,659 $4,412,518
178 $40,540 $12,962 $27,578 $4,399,557
179 $40,540 $13,043 $27,497 $4,386,514
180 $40,540 $13,124 $27,416 $4,373,389
181 $40,540 $13,206 $27,334 $4,360,183
182 $40,540 $13,289 $27,251 $4,346,894
183 $40,540 $13,372 $27,168 $4,333,522
184 $40,540 $13,455 $27,085 $4,320,067
185 $40,540 $13,540 $27,000 $4,306,527
186 $40,540 $13,624 $26,916 $4,292,903
187 $40,540 $13,709 $26,831 $4,279,194
188 $40,540 $13,795 $26,745 $4,265,399
189 $40,540 $13,881 $26,659 $4,251,517
190 $40,540 $13,968 $26,572 $4,237,549
191 $40,540 $14,055 $26,485 $4,223,494
192 $40,540 $14,143 $26,397 $4,209,351
193 $40,540 $14,232 $26,308 $4,195,119
194 $40,540 $14,321 $26,220 $4,180,799
195 $40,540 $14,410 $26,130 $4,166,389
196 $40,540 $14,500 $26,040 $4,151,889
197 $40,540 $14,591 $25,949 $4,137,298
198 $40,540 $14,682 $25,858 $4,122,616
199 $40,540 $14,774 $25,766 $4,107,843
200 $40,540 $14,866 $25,674 $4,092,977
201 $40,540 $14,959 $25,581 $4,078,018
202 $40,540 $15,052 $25,488 $4,062,965
203 $40,540 $15,146 $25,394 $4,047,819
204 $40,540 $15,241 $25,299 $4,032,578
205 $40,540 $15,336 $25,204 $4,017,241
206 $40,540 $15,432 $25,108 $4,001,809
207 $40,540 $15,529 $25,011 $3,986,280
208 $40,540 $15,626 $24,914 $3,970,655
209 $40,540 $15,723 $24,817 $3,954,931
210 $40,540 $15,822 $24,718 $3,939,110
211 $40,540 $15,921 $24,619 $3,923,189
212 $40,540 $16,020 $24,520 $3,907,169
213 $40,540 $16,120 $24,420 $3,891,049
214 $40,540 $16,221 $24,319 $3,874,828
215 $40,540 $16,322 $24,218 $3,858,505
216 $40,540 $16,424 $24,116 $3,842,081
217 $40,540 $16,527 $24,013 $3,825,554
218 $40,540 $16,630 $23,910 $3,808,924
219 $40,540 $16,734 $23,806 $3,792,190
220 $40,540 $16,839 $23,701 $3,775,351
221 $40,540 $16,944 $23,596 $3,758,407
222 $40,540 $17,050 $23,490 $3,741,357
223 $40,540 $17,157 $23,383 $3,724,200
224 $40,540 $17,264 $23,276 $3,706,936
225 $40,540 $17,372 $23,168 $3,689,565
226 $40,540 $17,480 $23,060 $3,672,085
227 $40,540 $17,589 $22,951 $3,654,495
228 $40,540 $17,699 $22,841 $3,636,796
229 $40,540 $17,810 $22,730 $3,618,986
230 $40,540 $17,921 $22,619 $3,601,064
231 $40,540 $18,033 $22,507 $3,583,031
232 $40,540 $18,146 $22,394 $3,564,885
233 $40,540 $18,259 $22,281 $3,546,625
234 $40,540 $18,374 $22,166 $3,528,252
235 $40,540 $18,488 $22,052 $3,509,763
236 $40,540 $18,604 $21,936 $3,491,159
237 $40,540 $18,720 $21,820 $3,472,439
238 $40,540 $18,837 $21,703 $3,453,602
239 $40,540 $18,955 $21,585 $3,434,647
240 $40,540 $19,073 $21,467 $3,415,573
241 $40,540 $19,193 $21,347 $3,396,381
242 $40,540 $19,313 $21,227 $3,377,068
243 $40,540 $19,433 $21,107 $3,357,635
244 $40,540 $19,555 $20,985 $3,338,080
245 $40,540 $19,677 $20,863 $3,318,403
246 $40,540 $19,800 $20,740 $3,298,603
247 $40,540 $19,924 $20,616 $3,278,679
248 $40,540 $20,048 $20,492 $3,258,631
249 $40,540 $20,174 $20,366 $3,238,458
250 $40,540 $20,300 $20,240 $3,218,158
251 $40,540 $20,427 $20,113 $3,197,731
252 $40,540 $20,554 $19,986 $3,177,177
253 $40,540 $20,683 $19,857 $3,156,495
254 $40,540 $20,812 $19,728 $3,135,683
255 $40,540 $20,942 $19,598 $3,114,741
256 $40,540 $21,073 $19,467 $3,093,668
257 $40,540 $21,205 $19,335 $3,072,463
258 $40,540 $21,337 $19,203 $3,051,126
259 $40,540 $21,470 $19,070 $3,029,656
260 $40,540 $21,605 $18,935 $3,008,051
261 $40,540 $21,740 $18,800 $2,986,311
262 $40,540 $21,876 $18,664 $2,964,436
263 $40,540 $22,012 $18,528 $2,942,424
264 $40,540 $22,150 $18,390 $2,920,274
265 $40,540 $22,288 $18,252 $2,897,985
266 $40,540 $22,428 $18,112 $2,875,558
267 $40,540 $22,568 $17,972 $2,852,990
268 $40,540 $22,709 $17,831 $2,830,281
269 $40,540 $22,851 $17,689 $2,807,431
270 $40,540 $22,994 $17,546 $2,784,437
271 $40,540 $23,137 $17,403 $2,761,300
272 $40,540 $23,282 $17,258 $2,738,018
273 $40,540 $23,427 $17,113 $2,714,590
274 $40,540 $23,574 $16,966 $2,691,017
275 $40,540 $23,721 $16,819 $2,667,295
276 $40,540 $23,869 $16,671 $2,643,426
277 $40,540 $24,019 $16,521 $2,619,407
278 $40,540 $24,169 $16,371 $2,595,239
279 $40,540 $24,320 $16,220 $2,570,919
280 $40,540 $24,472 $16,068 $2,546,447
281 $40,540 $24,625 $15,915 $2,521,823
282 $40,540 $24,779 $15,761 $2,497,044
283 $40,540 $24,933 $15,607 $2,472,110
284 $40,540 $25,089 $15,451 $2,447,021
285 $40,540 $25,246 $15,294 $2,421,775
286 $40,540 $25,404 $15,136 $2,396,371
287 $40,540 $25,563 $14,977 $2,370,808
288 $40,540 $25,722 $14,818 $2,345,086
289 $40,540 $25,883 $14,657 $2,319,203
290 $40,540 $26,045 $14,495 $2,293,158
291 $40,540 $26,208 $14,332 $2,266,950
292 $40,540 $26,372 $14,168 $2,240,578
293 $40,540 $26,536 $14,004 $2,214,042
294 $40,540 $26,702 $13,838 $2,187,340
295 $40,540 $26,869 $13,671 $2,160,471
296 $40,540 $27,037 $13,503 $2,133,434
297 $40,540 $27,206 $13,334 $2,106,228
298 $40,540 $27,376 $13,164 $2,078,852
299 $40,540 $27,547 $12,993 $2,051,304
300 $40,540 $27,719 $12,821 $2,023,585
301 $40,540 $27,893 $12,647 $1,995,692
302 $40,540 $28,067 $12,473 $1,967,625
303 $40,540 $28,242 $12,298 $1,939,383
304 $40,540 $28,419 $12,121 $1,910,964
305 $40,540 $28,596 $11,944 $1,882,368
306 $40,540 $28,775 $11,765 $1,853,593
307 $40,540 $28,955 $11,585 $1,824,638
308 $40,540 $29,136 $11,404 $1,795,502
309 $40,540 $29,318 $11,222 $1,766,183
310 $40,540 $29,501 $11,039 $1,736,682
311 $40,540 $29,686 $10,854 $1,706,996
312 $40,540 $29,871 $10,669 $1,677,125
313 $40,540 $30,058 $10,482 $1,647,067
314 $40,540 $30,246 $10,294 $1,616,821
315 $40,540 $30,435 $10,105 $1,586,386
316 $40,540 $30,625 $9,915 $1,555,761
317 $40,540 $30,816 $9,724 $1,524,945
318 $40,540 $31,009 $9,531 $1,493,936
319 $40,540 $31,203 $9,337 $1,462,733
320 $40,540 $31,398 $9,142 $1,431,335
321 $40,540 $31,594 $8,946 $1,399,741
322 $40,540 $31,792 $8,748 $1,367,949
323 $40,540 $31,990 $8,550 $1,335,959
324 $40,540 $32,190 $8,350 $1,303,769
325 $40,540 $32,391 $8,149 $1,271,377
326 $40,540 $32,594 $7,946 $1,238,783
327 $40,540 $32,798 $7,742 $1,205,986
328 $40,540 $33,003 $7,537 $1,172,983
329 $40,540 $33,209 $7,331 $1,139,774
330 $40,540 $33,416 $7,124 $1,106,358
331 $40,540 $33,625 $6,915 $1,072,732
332 $40,540 $33,835 $6,705 $1,038,897
333 $40,540 $34,047 $6,493 $1,004,850
334 $40,540 $34,260 $6,280 $970,590
335 $40,540 $34,474 $6,066 $936,117
336 $40,540 $34,689 $5,851 $901,427
337 $40,540 $34,906 $5,634 $866,521
338 $40,540 $35,124 $5,416 $831,397
339 $40,540 $35,344 $5,196 $796,053
340 $40,540 $35,565 $4,975 $760,489
341 $40,540 $35,787 $4,753 $724,702
342 $40,540 $36,011 $4,529 $688,691
343 $40,540 $36,236 $4,304 $652,455
344 $40,540 $36,462 $4,078 $615,993
345 $40,540 $36,690 $3,850 $579,303
346 $40,540 $36,919 $3,621 $542,384
347 $40,540 $37,150 $3,390 $505,234
348 $40,540 $37,382 $3,158 $467,851
349 $40,540 $37,616 $2,924 $430,236
350 $40,540 $37,851 $2,689 $392,385
351 $40,540 $38,088 $2,452 $354,297
352 $40,540 $38,326 $2,214 $315,971
353 $40,540 $38,565 $1,975 $277,406
354 $40,540 $38,806 $1,734 $238,600
355 $40,540 $39,049 $1,491 $199,551
356 $40,540 $39,293 $1,247 $160,258
357 $40,540 $39,538 $1,002 $120,720
358 $40,540 $39,786 $755 $80,934
359 $40,540 $40,034 $506 $40,900
360 $40,540 $40,284 $256 $0


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