Seller's Agent in 2019
Kevin Lee
Coldwell Banker Envision
(626) 975-2521
83 Total Sales
1190 Villa St Riverside, CA 92507
Highgrove Neighborhood
15
Beds
10
Baths
24,621
Sq Ft
1.52
Acres
Highlights
- Gated Community
- No HOA
- Tile Flooring
- 1.52 Acre Lot
- Laundry Room
- Wall Furnace
About This Home
As of February 2019A 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.
Last Agent to Sell the Property
Coldwell Banker Envision License #01720786 Listed on: 01/11/2019
Property Details
Home Type
- Apartment
Year Built
- Built in 1950
Lot Details
- 1.52 Acre Lot
- No Common Walls
Home Design
- Composition Roof
Interior Spaces
- 24,621 Sq Ft Home
- Tile Flooring
- Gas Cooktop
- Laundry Room
Bedrooms and Bathrooms
- 15 Bedrooms
- 10 Bathrooms
Parking
- Parking Available
- Assigned Parking
Utilities
- Wall Furnace
- Conventional Septic
- Phone Available
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 9
- Tax Tract Number 423
Community Details
Overview
- No Home Owners Association
- 8 Buildings
- 38 Units
Building Details
- 41 Separate Electric Meters
- 38 Separate Gas Meters
- 7 Separate Water Meters
- Electric Expense $1,961
- Gardener Expense $4,800
- Insurance Expense $10,750
- Maintenance Expense $26,126
- Other Expense $1,195
- Professional Management Expense $19,118
- Water Sewer Expense $22,920
- New Taxes Expense $47,407
- Operating Expense $148,077
- Gross Income $394,200
- Net Operating Income $234,297
Security
- Gated Community
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/14/2019 02/14/19 | Sold | $4,680,000 | 0.0% | $190 / Sq Ft |
| 01/24/2019 01/24/19 | Pending | -- | -- | -- |
| 01/11/2019 01/11/19 | For Sale | $4,680,000 | -- | $190 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kevin Lee
-
Peggy Hsiao
Seller Co-Listing Agent in 2019
Peggy Hsiao
High Ten Partners, Inc.
(626) 445-6660
11 Total Sales
-
Bob Clark
Buyer's Agent in 2019
Bob Clark
Clark & Associates
(909) 268-9600
7 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: TR19008955
APN: 247-105-001
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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. 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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