RIVERSIDE, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Emerald Pointe Apartments, (top right photo) a 144-unit multi-family community in Riverside.The listing price of $12.95 million represents $89,993 per unit.
Alexander Garcia, (bottom left photo) a senior vice president investments and senior director of Marcus & Millichap’s National Multi Housing Group in Ontario, is representing the seller, Hampshire Capital.
“Emerald Pointe’s convenient location near the University of California, Riverside and downtown Riverside make it a tremendous opportunity for excellent long-term returns on investment,” says Garcia. 
Located at 1863 12th St., the 140,816-square foot apartment community consists of 12 two-story buildings situated on 4.54 acres, directly adjacent from UC Riverside’s agricultural reserve.
Located at 1863 12th St., the 140,816-square foot apartment community consists of 12 two-story buildings situated on 4.54 acres, directly adjacent from UC Riverside’s agricultural reserve.
Emerald Pointe boasts a strong unit mix of 16 one-bedroom units and 128 two-bedroom units.
There are 90 garages that are being rented out to tenants at $30 a month. Amenities include an onsite management office, swimming pool, spa, gated parking lots and a 12 separate laundry facilities.
Press Contact: Stacey CorsoCommunications Department(925) 953-1716
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