1881 Loma Vista St | Riverside, CA 92507
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1881 Loma Vista St
Riverside, CA 92507
Multifamily Property For Sale · 20 Units
Investment Highlights
- Gated Community
- Open courtyard
- Walking Distance to Restaurants, Groceries, Downtown, and University Of Riverside
- Pool
- Laundry Room
Executive Summary
Prime Investment Opportunity. The Roof was recently done and a complete painting of the building including pool servicing. Parking for Tenants makes this a rare find. Including gated access to walkways and parking area. This property is well maintained and it shows when you visit, happy tenants.
PROPERTY FACTS
| Price Per Unit | $249,440 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| Cap Rate | 5.19% | Building Size | 11,800 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 95% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.69/1,000 SF |
| Apartment Style | Low Rise |
| Price Per Unit | $249,440 |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Sale Conditions | 1031 Exchange |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 11,800 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.69/1,000 SF |
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 420 - 450 |
| 1+1 | 9 | - | 590 - 690 |
| 2+1 | 4 | - | 850 - 890 |
PROPERTY TAXES
| Parcel Number | 211-161-007 | Improvements Assessment | $487,496 |
| Land Assessment | $177,262 | Total Assessment | $664,758 |
PROPERTY TAXES
Parcel Number
211-161-007
Land Assessment
$177,262
Improvements Assessment
$487,496
Total Assessment
$664,758
zoning
| Zoning Code | R3, Riverside |
| R3, Riverside |
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