Keegan Cin | Realtor® | License # DRE 01971604

Property

Riverside, CA 92507 1806 Loma Vista Street

1806 Loma Vista Street Riverside, CA - Image 11806 Loma Vista Street Riverside, CA - Image 21806 Loma Vista Street Riverside, CA - Image 3
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1806 Loma Vista Street Riverside, CA - Image 41806 Loma Vista Street Riverside, CA - Image 51806 Loma Vista Street Riverside, CA - Image 61806 Loma Vista Street Riverside, CA - Image 71806 Loma Vista Street Riverside, CA - Image 81806 Loma Vista Street Riverside, CA - Image 91806 Loma Vista Street Riverside, CA - Image 101806 Loma Vista Street Riverside, CA - Image 11
Presented By: Oscar Diaz with Marcus & Millichap;
  • MLS# 24468157
  • 12/02/2024
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  • Beds • 16
  • Baths • 16
  • SQFT • 11,895
  • Year Built • 1959

Home Details

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.
Presented By: Oscar Diaz with Marcus & Millichap;

Interior Features for 1806 Loma Vista Street

Bedrooms

Total Bedrooms16

Bathrooms

Half Baths0
Total Baths16
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
LivingAreaSourceOther
Total Stories2

General for 1806 Loma Vista Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityRiverside
CountyRiverside
DirectionsTo reach 1806 Loma Vista St in Riverside from the I-15 and I-10 freeway junction, take I-10 E toward San Bernardino. Merge onto I-215 S, then exit at University Ave and head east. Turn left onto Chicag
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income234277.0
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet18731.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
Net Operating Income145091.0
New ConstructionNo
Number Of Units Total16
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Waterfront Y/NNo
Year Built1959

Exterior for 1806 Loma Vista Street

Building Area Total11895.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.43
Lot Size Area18731.0
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $3,150,000
MLS#24468157
List Date 12/02/2024
Property Type Multi-Family
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