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2031 Loma Vista St, Riverside, CA 92507
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2031 Loma Vista St Riverside, CA 92507

$700,000 Sold Price as of 04/07/2022
  • 5 Beds
  • 3 Baths
  • 1,900 Sq.Ft.
Sold
$700,000 Sold Price as of 04/07/2022 Refinance Your Mortgage
Map preview of 2031 Loma Vista St, Riverside, CA 92507

Property Overview: 2031 Loma Vista St Riverside, CA has 5 bedrooms, 3 bathrooms, 1,900 living square feet and 6,970 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent Turnkey Cash Flowing Investment Opportunity! 100% Tenant Occupied with the most ideal, long term tenants in all 3 of the units making it an instant return on investment from the day you close. At the front of the property is a single family home which has 3 bedrooms + 1 bath with private parking on a long driveway that fits 4+ vehicles, it's own private front & backyard + washer & dryer hook-ups. The 2nd half of the lot is a duplex! Each unit is 1 Bedroom + 1 Bath with assigned private/gated parking accessed through the alley + their own washer/dryer hookups. Each of the 3 units have their own assigned storage unit which tenants love. THE SELLER PAYS FOR WATER ONLY. The Tenants each pay their own Electric, Gas & Trash and are always on time with their rent. Property has a newer roof & fascia boards, newer stucco & paint on the entire property, newer double pane windows on all 3 units, newer plumbing to all 3 of the units! Drive By Only, then submit an offer. Do not disturb the tenants. No showings until offers are reviewed.

Listed by ANTHONY TAFESH | BRE #02053014 | KELLER WILLIAMS SIGNATURE RLTY
Last checked: 17 minutes ago | Last updated: April 7th, 2022 | Source CRMLS | DOM: 80

Home details

Lot Sq. Ft
6,970
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
CV21262867
City
Riverside
County
Riverside
Time on Site
874 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $960
  • Total Rent: $960
  • Pro Forma/Market Rent: $1,000
Unit Breakdown 3
  • # 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: $1,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $43,320
  • Net Operating Income: $41,540
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $780
  • Trash: $0
  • Insurance: $1,000
  • Water/Sewer: $780

Property Details for 2031 Loma Vista St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • No Heating
  • None
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • Has Appliances
  • Gas Oven
Interior Features
  • Levels: One
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
  • Has Fence
  • Chain Link
  • Other Structures: Storage
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 8
  • Has Parking
  • Parking Features: Assigned, Driveway, Gated
Lot Information
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 211151019
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
  • Accessibility Features: None
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: From 60 Fwy, exit 3rd St & Go West. Turn left on Kansas ave. Turn left on Loma Vista Ave. Property is on the left.
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Riverside Agent

Sale History for 2031 Loma Vista St

Last sold for $700,000 on April 7th, 2022

  • March, 2022

  • Mar 28, 2022

    Date

    Pending

    CRMLS: CV21262867

    $599,900

    Price

  • January, 2021

  • Jan 30, 2021

    Date

    Expired

    CRMLS: CV20229329

    $520,000

    Price

  • Jan 23, 2021

    Date

    Withdrawn

    CRMLS: CV20229329

    $520,000

    Price

  • Dec 14, 2020

    Date

    Price Change

    CRMLS: CV20229329

    $520,000

    Price

  • Oct 30, 2020

    Date

    Active

    CRMLS: CV20229329

    $499,900

    Price

  • Listing provided courtesy of CRMLS

    Check out this amazing investment opportunity located in the downtown Riverside area! Featuring 3 units, 100% tenant occupied with the most ideal, long term tenants in all 3 of the units making it a great investment from day one! The front unit is a single family home with 3 bedrooms / 1 bath. It has it's own private gated yard, washer and dryer hook ups, and parking for 4+ vehicles in the driveway. The 2nd half of the lot which is separated by a fence is a duplex & each unit is 1 bedroom / 1 bath with their own washer/dryer hookups & gated parking which is accessed through the alley. Each of the 3 units have their own assigned storage unit which is usually perfect for tenants. The owner pays the water bill which averages $70 and the tenants pay everything else including trash. The entire property (Front unit, storage units, & rear duplex) have a newer roof, and fascia boards all the way around. The stucco on the exterior was recently re-done and freshly painted. All of the windows throughout have been replaced with dual pane windows. Plumbing was recently re-done from the street connection to the front unit and the back duplex's. This property is turnkey and ready for the next investor or first time buyer that will live in 1 unit and rent the other two units out!

  • September, 1999

  • Sep 30, 1999

    Date

    Sold (Public Records)

    Public Records

    $80,000

    Price

Show More

Tax History for 2031 Loma Vista St

Assessed Value (2020): $112,401
Year Land Value Improved Value Assessed Value
2020 $35,120 $77,281 $112,401

Home Value Compared to the Market

This property vs the competition

2031 Loma Vista St sold on April 7, 2022 for 0.74% higher 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 $357.89 per/sqft which puts the price per square foot 4.05% lower than the current median sale per square foot for the city of Riverside.

About 2031 Loma Vista St

Detailed summary of property

2031 Loma Vista St is a triplex that recently sold in Riverside, CA 92507. This triplex offered 5 bedrooms, 3 bathrooms, roughly 1,900 living square feet, and sits on an approximately 6,970 square foot lot. 2031 Loma Vista St was first listed on ArdentRealEstateGroup.com on December 10, 2021. The homeowner sold the property for $700,000. 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 0.74% higher than the current median priced home. Local homes that are currently for sale include 1528 N F St, 563 W Evans St and 8383 Hemlock Ave. While the average home in Riverside, CA is selling in 50 days, 2031 Loma Vista St has a days on market of 80 days. There are currently 648 homes for sale in the Riverside real estate market and 608 of them are single family homes while 34 of them are condos and 6 are townhomes. For more information on this home for sale at 2031 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 2031 Loma Vista St

Public county record property details
Beds
2
Baths
2
Year built
1957
Sq. Ft.
1,002
Lot Size
7,405
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
46
APN
211-151-019

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
$655,990
Median List Price/Sq.Ft.
$361
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$334
Total Inventory
126
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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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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