1806 Loma Vista Street

Riverside, CA 92507

$3,150,000
Price
16
Beds
16
Baths
11,895 Sq. Ft.
$265 / Sq. Ft.
11,895
Sq. Ft.
$265
per Sq. Ft.

Description

We 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...We 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.
  1. Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1806 Loma Vista Street

Parcel Number
211162007
Total Units
16.0
Living Area
11895
Source Living Area
Other
Area
Riverside (252)
Vacancy Rate
0
Lot Size Area
18731
Source Lot Size Area
Vendor Enhanced
LISTING UPDATED: 12/10/2024 12:01 AM

Property Details for 1806 Loma Vista Street

StatusActive
MLS #24-468157
Days on Market93
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.43 AC / 18,731 SF
CountyRiverside County

Building Information for 1806 Loma Vista Street

Stories2Residences-Year Built1959Building Size-Lot Size0.43 AC / 18,731 SF

Property Information for 1806 Loma Vista Street

Community / Development
Community / Development
  • Number Of Units: 16
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 0
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $234,277
  • Net Operating Income: $145,091.00
  • Gross Income: $234,277
  • Gross Rent Multiplier: $13.04
  • Total Annual Expense: 93986
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.43
  • Lot Size Square Feet: 18731
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-02-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,258.00
  • Unit Actual Rent: $20,127.00
  • Unit Projected Rent: $1,695.00
  • Like Units: 16
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $632,142.00
  • Assessed Improvement Percent: 71.79
  • Assessed Land Value: $248,350.00
  • Assessed Land Percent: 28.21
  • Assessed Total Value: $880,492.00

Property History for 1806 Loma Vista Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1806 Loma Vista Street

Taxable ValueLand$248,350Additions$632,142Total$880,492
Tax Record2024$10,236 ($853 / month)
Home Facts
Total Finished SqFt11,895 SqFtAbove Grade Finished SqFt11,895 SqFtStories2Lot Size18,730 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningR3CountyRIVERSIDEAPN211-162-007

Schools near 1806 Loma Vista Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
William Howard Taft Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

Abraham Lincoln Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1806 Loma Vista Street is a multi-family home for sale in Riverside, CA 92507. This property was listed for sale on December 2, 2024 by Marcus & Millichap, it's currently listed at $3,150,000. This listing's school district is Riverside Unified School District. Nearby schools include William Howard Taft Elementary School, University Heights Middle School and John W. North High School. 1806 Loma Vista Street is a 16-bed, 16-bath, 11,895 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Oscar Diaz, DRE #02022902

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.