Total Units: 30
Year Built: 1966
Sqft: 35,600
Price/Unit: $143,333
Property Description: Each unit offers its tenants the following: spacious floor plan (average units size is 1,200 square feet), patio and/or balcony, individual A/C and forced air heating, electric stove & oven, dishwasher, tile bathroom and shower, vertical blinds and wall-to-wall carpeting. Each unit is individually metered for electric and gas. The landlord is responsible for trash, sewer, water, and common area utilities.
| Financial Analysis | |
| Gross Schedule Income: | $409,140 |
| Operating Expense: | $148,270 |
| Net Operating Income: | $244,929 |
| Total Annual Operating Exp: | $148,269 |
| Separate Water Meters: | 30 |
| Separate Gas Meters: | 30 |
| Separate Electrical Meters: | 30 |
Out of this context came the Cornelius Earle Rumsey Indian Collection which later became the Riverside Municipal Museum now known as the Riverside Metropolitan Museum (RMM). The Museum opened in the basement of City Hall on December 12, 1924, when the widow of National Biscuit Company (NABISCO) magnate Cornelius Earle Rumsey donated his collection of Native American artifacts to the City of Riverside. An ordinance, amending the City Charter and establishing a Municipal Museum, was adopted by the City Council on August 27, 1925. The current mission statement found in the city ordinance states that, "All collections and exhibits of the Museum shall generally reflect but shall not necessarily be limited to the specific interpretations of the history, natural history and anthropology of the City and County of Riverside and the immediate environs of southern California." From 1924 on, the collections have grown, typically through donations by prominent citizens and organizations, contributing to RMM holdings in the disciplines of local history, natural history, and anthropology. From 1925-48, the RMM was located in the basement of the old City Hall building on Riverside’s Seventh Street (now Mission Inn Avenue).
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