1806 Loma Vista St - Apartments FOR SALE


Riverside, CA 92507- Eastside
$3,200,000 USD
909-827-0687
1806 Loma Vista St, Riverside, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

1806 Loma Vista St
Riverside, CA 92507
Eastside


HIGHLIGHTS

  • Garden-style apartment community comprising (16) one-bedroom/one-bathroom units, offering scale, efficiency, and meaningful upside.
  • Current rents are approximately 39.1% below market, providing a clear opportunity to increase income through rent growth and operational improvements.
  • On-site laundry and 19 parking spaces support tenant convenience while providing additional income.
  • Approximately 1.5 miles from UC Riverside and 3 miles from Downtown Riverside.

OVERVIEW

Marcus & Millichap is pleased to present 1806 Loma Vista Street, a well-maintained 16-unit multifamily investment opportunity located in Riverside, California. The garden-style property sits on a ±18,731 square foot lot and includes ±11,895 rentable square feet, offering investors a stable asset with clear upside potential. The property comprises (16) one-bedroom/one-bathroom units averaging 740 square feet per unit. It benefits from copper plumbing and has received exterior improvements including fresh exterior paint and newly applied epoxy coating on staircases and upper walkways, enhancing durability and curb appeal. Additional income is generated through on-site laundry facilities and parking, enhancing in-place rental revenue. The asset offers 19 on-site parking spaces, a valuable amenity that supports tenant demand and long-term retention. Current rents reflect a 39.14% rental upside, providing investors with a clear path to increased cash flow through rent growth and operational improvements. Loma Vista is offered at $200,000 per unit, which is lower than comparable properties averaging $230,571 per unit. The property is also priced at $269.02 per square foot, well below comparable sales averaging $461.98 per square foot, providing a significant value advantage. Located within a strong Riverside rental corridor near major employment centers, transportation routes, and neighborhood amenities, 1806 Loma Vista Street presents an attractive opportunity for investors seeking stable in-place cash flow with meaningful long-term upside.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

16

PRICE/UNIT

$200,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,605 SF

ZONING

R3

APN/PARCEL ID

211-162-007

ASK ABOUT THIS PROPERTY

Sebastian DiazMarcus & MillichapMore Info
909-827-0687

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Sebastian DiazMarcus & MillichapMore Info
909-827-0687

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.