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1767 Loma Vista St, Riverside, CA 92507
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1767 Loma Vista St Riverside, CA 92507

$625,000 Sold Price as of 09/04/2020
  • 5 Beds
  • 4 Baths
  • 2,800 Sq.Ft.
Sold
$625,000 Sold Price as of 09/04/2020 Refinance Your Mortgage
Map preview of 1767 Loma Vista St, Riverside, CA 92507

Property Overview: 1767 Loma Vista St Riverside, CA has 5 bedrooms, 4 bathrooms, 2,800 living square feet and 9,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Looking to take a dip into investment property ownership? Or maybe you’re ready to further expand your already-existing portfolio. Either way, this single-story 4-unit property in popular Riverside is the perfect opportunity. Conveniently located, tenants at this property enjoy being walking distance to the University of California – Riverside as well as all the shopping, dining, entertainment and amenities offered in the bustling downtown area. This investment property sits right on a quiet cul-de-sac, offering a peaceful lifestyle ideal for tenants. The largest unit offers two bedrooms and one bath, while the remaining three have a single bedroom and bathroom. Making it easy to jump right into this income opportunity, all four units already have tenants so there’s no need to immediately fill a lease. Additionally, each unit includes its own covered parking space. On the backside of the building there is even more room for expanded opportunities. The large and gated back area could house additional units or even an expansion of the current units – the possibilities for multiplying your ROI are endless. Now is the perfect time to own an investment property and this one is sure to go quickly. Don’t miss your chance!

Listed by ANTHONY TAFESH | BRE #02053014 | KELLER WILLIAMS SIGNATURE RLTY
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 1

Home details

Lot Sq. Ft
9,583
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
CV20166388
City
Riverside
County
Riverside
Time on Site
1363 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,350
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $950
  • Total Rent: $950
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $825
  • Total Rent: $825
  • Pro Forma/Market Rent: $1,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $800
  • Pro Forma/Market Rent: $1,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $42,900
  • Net Operating Income: $39,840
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $3,060
  • New Taxes: $0
  • Trash: $900
  • Insurance: $1,200
  • Water/Sewer: $960

Virtual Tour

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Property Details for 1767 Loma Vista St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • All Bedrooms Down, Entry, Kitchen, Living Room, Main Floor Bedroom
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Average Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Attached Carport, Covered, Shared Driveway
Lot Information
  • Lot Features: Cul-De-Sac, Lot 6500-9999, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 211161015
  • Year Built Source: Estimated
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Going West on University from the 215 Freeway, Turn right on Ottawa Ave, Turn right on Loma Vista St. Property is located at the end of the cul-de-sac on the left side.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Riverside Agent

Sale History for 1767 Loma Vista St

Last sold for $625,000 on September 8th, 2020

  • September, 2020

  • Sep 9, 2020

    Date

    Sold

    CRMLS: CV20166388

    $625,000

    Price

  • Aug 19, 2020

    Date

    Pending

    CRMLS: CV20166388

    $599,900

    Price

  • Aug 17, 2020

    Date

    Active

    CRMLS: CV20166388

    $599,900

    Price

  • September, 2020

  • Sep 8, 2020

    Date

    Sold (Public Records)

    Public Records

    $625,000

    Price

  • August, 1997

  • Aug 26, 1997

    Date

    Sold (Public Records)

    Public Records

    $91,000

    Price

Show More

Tax History for 1767 Loma Vista St

Assessed Value (2020): $132,832
Year Land Value Improved Value Assessed Value
2020 $75,907 $56,925 $132,832

Home Value Compared to the Market

This property vs the competition

1767 Loma Vista St sold on September 4, 2020 for 11.13% lower than the current median sold price for the city of Riverside which is $675,000. The median sold price per/sqft for Riverside is $373 and this home is sold at $214.25 per/sqft which puts the price per square foot 42.56% lower than the current median sale per square foot for the city of Riverside.

About 1767 Loma Vista St

Detailed summary of property

1767 Loma Vista St is a multi family that recently sold in Riverside, CA 92507. This multi family property offered 5 bedrooms, 4 bathrooms, roughly 2,800 living square feet, and sits on an approximately 9,583 square foot lot. 1767 Loma Vista St was first listed on ArdentRealEstateGroup.com on August 17, 2020. The homeowner sold the property for $625,000. Home in Riverside are selling for a median price of $675,000 and a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 11.13% lower than the current median priced home. Local homes that are currently for sale include 1210 S Bon View Ave, 607 S Plum Ave and 1117 Amalia Ave. While the average home in Riverside, CA is selling in 48 days, 1767 Loma Vista St has a days on market of 1 days. There are currently 676 homes for sale in the Riverside real estate market and 630 of them are single family homes while 40 of them are condos and 6 are townhomes. For more information on this home for sale at 1767 Loma Vista St Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 1767 Loma Vista St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
9,583
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Riverside
Lot#
3
APN
211-161-015

The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,392
Median List Price/Sq.Ft.
$362
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$334
Total Inventory
135
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (63.16%), FHA (10.53%), VA (0%), Cash (13.16%), Other (10.53%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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