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- 1806 Loma Vista Street, Riverside, CA 92507
- MLS#: 24468157 ( )
- Street Address: 1806 Loma Vista Street
- Viewed: 15
- Price: $3,150,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1959
- Bldg sqft: 0
- Days On Market: 65
- Additional Information
- County: RIVERSIDE
- City: Riverside
- Zipcode: 92507
- Provided by: Marcus & Millichap
- Contact: Oscar Oscar
- DMCA Notice
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DescriptionWe are pleased to present 1806 Loma Vista Street, a well maintained 16 unit garden style courtyard property located in the thriving city of Riverside, California. This property offers spacious one bedroom, one bath units averaging 740 square feet each, with a total of 11,890 square feet of rental space. The property sits on a spacious lot with strong curb appeal, featuring a well manicured landscape. Recent upgrades include a newer roof, upgraded copper plumbing, updated electrical panels, and fresh exterior paint. Tenants enjoy a large open courtyard layout, creating a comfortable and appealing living environment. Additional amenities include onsite laundry facilities, tenant storage areas, and covered parking. Based on current rents, Loma Vista offers a new investor the potential to capture approximately 34.75% in upside rental income. This investment is located in Riverside, a city known for its robust real estate market and strong tenant demand. Riverside offers a wide range of amenities and a highly accessible location, with convenient transportation links, including the 91 and 215 Freeways. This makes Riverside ideal for renters working in the Inland Empire's major employment centers and educational institutions, such as UC Riverside and Riverside Community Hospital. Less than two miles from the property are popular attractions like the Mission Inn Hotel & Spa, as well as trendy restaurants such as The Salted Pig, Le Chat Noir French Restaurant, and Craftz Lounge. Residents can also enjoy cultural destinations like the Riverside Art Museum and live entertainment at the Fox Performing Arts Center. With a vibrant downtown, numerous parks, and excellent local schools, Riverside continues to attract a diverse tenant base, making this property a promising investment in a high demand rental market.
Property Location and Similar Properties
All
Similar
Features
Building Area Total
- 11895.00
Country
- US
Levels
- Two
Netoperatingincome
- 145091.00
Parcel Number
- 211162007
Sourcesystemkey
- 24-468157:CLAW
Totalexpenses
- 93986.00
Views
- 15
Year Built
- 1959
Based on information from California Regional Multiple Listing Service, Inc. as of Feb 05, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on February 5, 2025 @ 12:00 am
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