This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1813-1825 Loma Vista St
Riverside, CA 92507
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 5,631 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1956 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 0.42 AC | ||
| Zoning | R3, Riverside | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 5,631 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | R3, Riverside |
Amenities
Site Amenities
- Courtyard
About 1813-1825 LOMA VISTA ST , RIVERSIDE, CA 92507
CBRE is proud to exclusively present the Loma Vista Street Apartments located in the City of Riverside! The Loma Vista Street Apartments are located on the north side of Loma Vista Street between West Linden Street and University Avenue. The property is ideally situated just 2 miles from historic Downtown Riverside and 1 mile from the University of California Riverside which aims to increase enrollment to 25,000 by 2020. Investors have the rare opportunity to own a consistent income producing property in a prime location. Built in 1956 and 1957, the Loma Vista Street Apartments consist of two contiguous 4 unit parcels. The property features a single story layout on an 18,321 square foot lot with pitched composition shingle roofs. The Loma Vista Street Apartments have a unit mix of 4 one bedroom one bathroom units and 4 two bedroom one bathroom units. The building size for this property totals 5,631 square feet with an average unit size of 704 square feet. The Loma Vista Street Apartments generate a monthly rental income of $6,520. There remains upside potential in rental income with one bedroom one bathroom units in the immediate area generating $850 and two bedroom one bathroom units generating $1,000 in monthly rent. Implementing these increases would result in monthly rental income of $7,400 as well as yield a 19% increase in Net Operating Income. The Loma Vista Street Apartments are a stable income-producing property and a great long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor or 1031 exchange opportunity.
Property Taxes
| Parcel Numbers | Improvements Assessment | $812,402 | |
| Land Assessment | $348,170 | Total Assessment | $1,160,572 |
Property Taxes
