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.

  • MLS# TR19008955
  • Sub-Type Resale
  • Status Active
  • Year 1950
  • Days On Site 10
SQ Feet 24,621
Units 38
Building(s) 1
Listing Provided By:
Kevin Lee  of  Coldwell Banker George Realty
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $4,680,000
1,196.58%
$360,950 in 92507
this listing 24,621 SqFt
2,102.24%
1,118 SqFt in 92507
this listing $190 $/SqFt
41.42%
$324 $/SqFt in 92507
this listing 10 on site
33.33%
15 on site in 92507

Location

State CA
County Riverside
City Riverside
Zip Code 92507
Area 252 - Riverside

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