Sold
Last Sold Price
1,618 sqft$161/sqft
1978 Loma Vista St, Riverside, CA 92507
Multi FamilyProperty Type
1928Year Built
$161/sq ftPrice per sq ft
4 carsParking Spaces

Description

This is a wonderful Triplex that has a bonus 4th unit. This property is fully rented and already generating income. Great for any investor and even better for any buyer. Live in one and rent the remaining units without paying any mortgage out of your own pocket! This is a win-win. Front unit has 3 bedrooms and 1 bath. The remaining units have 1 bedroom and 1 bath. There is a new cement pathway that goes from the front driveway to the back of the property. New ceramic tile in all units, new paint,...This is a wonderful Triplex that has a bonus 4th unit. This property is fully rented and already generating income. Great for any investor and even better for any buyer. Live in one and rent the remaining units without paying any mortgage out of your own pocket! This is a win-win. Front unit has 3 bedrooms and 1 bath. The remaining units have 1 bedroom and 1 bath. There is a new cement pathway that goes from the front driveway to the back of the property. New ceramic tile in all units, new paint, new range stove and microwave, and new windows finish off this great space.
  • Listed by: Daniel Escutia DRE #01875256 • Esen Real Estate Services
Listing closed: 01/12/2013 12:00 AM • Source: CRMLS, MLS#: S700293

Recent comparable sales

Median sold price

$275,000

Avg days on market

55

Sale-to-list ratio

84.4%

Riverside, CA

9 comparable properties found

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Location

Listing Courtesy of Esen Real Estate Services, Daniel Escutia, DRE #01875256

Sold By NATIONAL INVESTMENT GROUP, ARTHUR A.W. SHU, DRE #00968542

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Principal and Interest

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Property Taxes

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Property Information for 1978 Loma Vista Street

Property Details
  • MLS Type: Residential Income
  • Architectural Style: Traditional
  • Parking Spaces Total: 4
  • Private Pool: No
  • Total Units: 3.0
  • Living Area: 1618
  • Assessor Parcel Number: 211-172-003
  • Building Area Total: 1618
  • Fireplace: No
  • Pool: No
  • Spa: No
  • View: No
  • View: No
  • Senior Community: No
  • Parcel Number: 211172003
  • Area: Riverside (252)
  • Directions: University/ Douglas
Building Information
  • Year Built: 1928
Income / Expense / Tax Details
Income Details
  • Gross Income: $2,600
  • Gross Scheduled Income: $31,200
  • Net Operating Income: $26,309
  • Gross Multiplier: 8.97
  • Cap Rate: 9.4
  • Sold Cap Rate: 10.12
  • Financing: Conventional
Expense Details
  • Operating Expense: $4,290
  • New Taxes Expense: $2,400
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $960
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $600
  • Other Expense Description: Insuranc
  • Trash Expense: $0
  • Water Sewer Expense: $960
  • Supplies Expense: $0
Tax / Assessment Info
  • Tax Tract Number: 305
  • Tax Lot: 64
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
Property / Structure Info
Interior Features
  • Laundry: No
Land/Lot Info
  • Number Of Units: 3
  • Water: District
  • Water Source: Public
Parking Info
  • Parking: No
  • Carport Spaces: 0
Unit Information
Unit Information
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 1978 Loma Vista Street

DateEvent & SourcePriceAppreciation
Jan 12, 2013

Sold

CRMLS #S700293

$260,000
Jan 12, 2013

Sold

CLAW #S700293MR

$260,000
Jan 9, 2013

Sold (Public Record)

Public Record #345846458

$260,000

-5.0% / yr

DateEvent & SourcePrice
01/12/2013

Sold

CRMLS #S700293

$260,000
01/12/2013

Sold

CLAW #S700293MR

$260,000
01/09/2013

Sold (Public Record)

Public Record #345846458

$260,000

-5.0% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1978 Loma Vista Street

Taxable ValueLand$139,411Additions$187,146Total$326,557
Tax Record2025$3,631 ($303 / month)
Home Facts
Baths2.5Total Finished SqFt1,618 SqFtAbove Grade Finished SqFt1,618 SqFtStories1Lot Size7,405 SqFtStyleMulti-Family Res (5+ Units)Year Built1928Year Renovated1928ZoningR3CountyRIVERSIDEAPN211-172-003

Schools near 1978 Loma Vista Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pachappa Elementary School
PublicK to 6

Matthew Gage Middle School
Public7 to 8

John W. North High School
Public9 to 12

Abraham Lincoln Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1978 Loma Vista Street, Riverside, CA 92507
$260,000
1,618
$340,000
1
4
2,825
7,102
$125,000
3
1
1,142
7,405
$145,000
3
1,967
6,098
$582,111
5
1,604
7,405
$199,950

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Esen Real Estate Services, Daniel Escutia, DRE #01875256

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.