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



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.
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 | Building Class | C |
| Price Per Unit | $190,000 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 10,598 SF |
| No. Units | 20 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 1.89/1,000 SF |
| Zoning | R3, Riverside | ||
| 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 |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 211-161-007 | Total Assessment | $4,057,560 |
| Land Assessment | $416,160 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $3,641,400 | Tax Year | 2025 |
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
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1881 Loma Vista St
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