Serving Anaheim, Corona, Riverside & Riverside/Orange Counties
Ralph Schiavone
951-547-0705951-547-0705

1190 Villa Street, Riverside, CA 92507 (MLS # TR19008955)

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PRICE $4,680,000
BEDS n/a
BATHS 0 baths
HOME SIZE 24,621 sq ft
LOT SIZE 1.52 ac

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.

DAYS ON MARKET 9 LAST UPDATED 1/17/2019
YEAR BUILT 1950 COMMUNITY Riverside
COUNTY Riverside STATUS Active
PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
APPLIANCES Gas Range, Gas Stove
BUILDINGAREAUNITS Square Feet
COLISTAGENTFIRSTNAME Peggy
COLISTAGENTLASTNAME Hsiao
COLISTAGENTSTATELICENSE 01440448
COLISTOFFICENAME Coldwell Banker George Realty
COMMONWALLS No Common Walls
COMMUNITYFEATURES Sidewalks
ELEVATIONUNITS Feet
FLOORING Tile
GARAGESPACES 0.00
HEATING Wall Heater
LANDLEASEYN 0
LAUNDRYFEATURES See Remarks
LISTAGENTSTATELICENSE 01720786
LOTFEATURES Lot 10000-19999 Sqft
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 252 - Riverside
PARKINGFEATURES Assigned
POOLFEATURES None
PRICEPERSQUAREFOOT 190.08
PROPERTYSUBTYPE Apartment
PROPERTYTYPE Residential Income
ROOF Composition
SECURITYFEATURES Gated Community
SEWER Conventional Septic
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
TAXTRACTNUMBER 423.00
UTILITIES Electricity Available, Natural Gas Available, Phone Available
WATERSOURCE Public

ZESTIMATE
1190 Villa Street, Riverside, CA

RENT ZESTIMATE
$ / mo.  1190 Villa Street, Riverside, CA

49 Car-Dependent



 
CONTACT US ABOUT 1190 VILLA STREET
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Listing provided by : Kevin Lee License # 01720786, Coldwell Banker George Realty Co-Listed with Peggy Hsiao License # 01440448, Coldwell Banker George Realty

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 1/19/19 1:55 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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