1881 Loma Vista St - Apartments FOR SALE


Riverside, CA 92507- Eastside
$3,800,000 USD
818-506-8058
1881 Loma Vista St, Riverside, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1881 Loma Vista St
Riverside, CA 92507
Eastside


HIGHLIGHTS

  • Gated Community
  • Pool
  • Open courtyard
  • Laundry Room
  • Walking Distance to Restaurants, Groceries, Downtown, and University Of Riverside

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$359 USD /SF

# OF UNITS

20

PRICE/UNIT

$190,000

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,602 SF

ZONING

R3, Riverside

APN/PARCEL ID

211-161-007

ASK ABOUT THIS PROPERTY

Jeff SchullerRay Asset Management, Inc.More Info
818-506-8058

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Jeff SchullerRay Asset Management, Inc.More Info
818-506-8058

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