11937 Knoefler DR Riverside, CA 92505

11937 Knoefler Drive is located in a mature, highly desirable neighborhood approximately one block south and within walking distance of La Sierra University. This property is a rare, single story, 7 unit property. Built in 1960. The property is situated on an oversized ±37,462 square foot lot with a total building size of ±4,290 square feet. The property has an excellent unit mix of two-bedroom/one bathroom and three-bedroom/one-bathroom units averaging 613 square feet. This property features low maintenance & drought tolerant landscaping, new paint, wall air conditioning and heating, an on-site laundry facility, individual water heaters, upgraded vinyl windows, and security doors. There are fourteen off-street parking spaces. All units are individually metered for gas & electricity. 11937 Knoefler Drive is a prime Riverside income-producing property and a great long-term investment. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first time purchaser, seasoned investor, or a 1031 exchange opportunity.