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1881 Loma Vista St 20 Unit Apartment Building $3,800,000 ($190,000/Unit) Riverside, CA 92507

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Investment Highlights

  • Gated Community
  • Open courtyard
  • Walking Distance to Restaurants, Groceries, Downtown, and University Of Riverside
  • Pool
  • Laundry Room

Executive Summary

Situated in a high-demand Riverside rental corridor, 1881 Loma Vista Street presents a compelling 20-unit multifamily investment opportunity supported by stable occupancy and desirable community amenities. The property offers an attractive blend of units, appealing to a wide tenant base ranging from students and professionals to long-term local residents. With a historically strong rent environment and walkable access to everyday conveniences, this asset delivers a consistent income foundation with room for strategic value enhancement.
Residents enjoy a gated setting centered around an inviting pool and open courtyard, creating a private, community-oriented environment that elevates the appeal of the property. On-site laundry facilities further enhance tenant convenience, while the walk-up design minimizes operating complexity. The surrounding neighborhood provides seamless access to restaurants, grocery options, Downtown Riverside, and the University of California Riverside, a major economic driver with ongoing housing demand.
The property benefits from its R3 zoning, a generous 18,602-square-foot lot, and efficient wood-frame construction. 1881 Loma Vista stands as a well-positioned multifamily opportunity in one of Riverside’s most reliably performing submarkets.

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,800,000
Price Per Unit $190,000
Sale Type Investment
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.43 AC
Building Size 10,598 SF
Average Occupancy 95%
No. Stories 2
Year Built 1960
Parking Ratio 1.89/1,000 SF
Zoning R3, Riverside

Amenities

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 9 - 450 - 500
1+1 7 - 500 - 600
2+1 4 - 600 - 700
Walk Score®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
211-161-007
Land Assessment
$416,160
Improvements Assessment
$3,641,400
Total Assessment
$4,057,560
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
  • Listing ID: 39256609

  • Date on Market: 6/26/2023

  • Last Updated:

  • Address: 1881 Loma Vista St, Riverside, CA 92507

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