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1175-1185 Villa St
Riverside, CA 92507
Shangri La Apartments · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 5,100 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.57/1,000 SF |
| Zoning | R2 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,100 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
Site Amenities
- Gated
About 1175-1185 VILLA ST , RIVERSIDE, CA 92507
A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 1175 Villa St., Riverside is an 8-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 1 unit – 2 Bedroom, 7 units – 1 Bedroom. This is an extremely rare investment offer. Great cash flow. Huge upside in Rent (Approx. 15% upside in rent. Stabilized CAP Rate is over 6.44%). Total Building size of 5,100 Rentable SF. and 14,375 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 8 individual water heaters. Assigned 8 Carport parking space for all units. Well maintained property. High rental demand area with very low vacancy rate. Conveniently located near the 215 Freeway. Rents are currently below market with significant upside in this Non-Rent Control area.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $812.50 | 600 |
| 2+1 | 1 | $1,000 | 900 |
Property Taxes
| Parcel Number | 247-102-010 | Improvements Assessment | $785,323 |
| Land Assessment | $320,151 | Total Assessment | $1,105,474 |
Property Taxes
