1190 Villa Street Riverside, CA 92507

229013352 34.012936 -117.33783 124 /listing/229013352-150414967/1190-villa-street-riverside-ca-92507 False 0 4680000.0 105 TR19008955 True
  • $4,680,000
  • 66,211 lot
  • Est payment $25123.25/mo

Property & Neighborhood Info

Courtesy Of Kevin Lee, Coldwell Banker George Realty

Multi-Family in Riverside

A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 1175 Villa St., 1190 Villa St., 411 Pacific Ave. and 412 Glen Ave., Riverside is an 38-Unit Apartment Complex, comprised of 8 structures. Very attractive unit mix with 10 unit – 2 Bedroom, 28 units – 1 Bedroom. This is an extremely rare investment offer. Great cash flow. Huge upside in Rent (Approx. 15% upside in rent. Stabilized CAP Rate is over 6.31%). Total Building size of 24,621 Rentable SF. and 66,211 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 38 individual water heaters. Total 41 Assigned Parking Spaces (31 Carport & 10 Open Air parking spaces). Well maintained property. High rental demand area with very low vacancy rate. Conveniently located near the 215 Freeway. Rents are currently below market with significant upside in this Non-Rent Control area. All 4 Properties: 1175 Villa St., 1190 Villa St. and 411 Pacific Ave. and 412 Glen are available to be purchased separately.

Courtesy Of Kevin Lee, Coldwell Banker George Realty
  1. 66,211 Lot

Main Features

  • Listing Status: Contract Pending
  • Year Built: 1950
  • County: Riverside
  • Units: 38
  • MLS Number:TR19008955

Additional Features

  • Flooring:
    • Tile
  • Laundry:
    • See Remarks
  • Appliances:
    • Gas Range
    • Gas Stove
  • Common Walls:
    • No Common Walls
  • Property Subtype:
    • Apartment
  • Roof:
    • Composition
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Lot 10000-19999 Sqft
  • Pool Features:
    • None
  • Parking:
    • Assigned
  • Parking Spaces:
    • 0.00
  • Heating:
    • Wall Heater
  • Sewer:
    • Conventional Septic
  • Utilities:
    • Electricity Available
    • Natural Gas Available
    • Phone Available
  • Security Features:
    • Gated Community
  • Community Features:
    • Sidewalks
  • Number of Buildings:
    • 8
  • Gross Income:
    • 394200.00
  • Net Operating Income:
    • 234297.00
  • CDOM:
    • 13
  • Special Conditions:
    • Standard
  • Tenant Pays:
    • Electricity
    • Gas
  • Fuel Exp:
    • 0.00
  • Insurance Expense:
    • 10750.00
  • Lot Size Acres:
    • 1.5200
  • Lot Size Area:
    • 66211.0000
  • Lot Size Square Feet:
    • 66211.00
  • Maintenance Exp:
    • 26126.00
  • Operating Expense:
    • 148077.00
  • Price Per SQFT:
    • 190.08
  • Total Expenses:
    • 148077.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Kevin Lee
Kevin Lee

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1190 Villa Street Riverside, CA 92507

229013352 34.012936 -117.33783 124 /listing/229013352-150414967/1190-villa-street-riverside-ca-92507 False 0 4680000.0 105 TR19008955 True
  • $4,680,000
  • 66,211 lot
  • Est payment $25123.25/mo