A Fantastic Investment Cash Flow property in Riverside, Highgrove Area. 1175 Villa St., Riverside is an 8-Unit Apartment Complex, comprised of 2 structures. Very attractive unit mix with 1 unit – 2 Bedroom, 7 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 6.44%). Total Building size of 5,100 Rentable SF. and 14,375 SF. Lot Size. Large Courtyard. All units are individually metered for electricity and gas. 8 individual water heaters. Assigned 8 Carport parking space for all units. 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. Adjacent properties: 1190 Villa St., 411 Pacific Ave. and 412 Glen Ave. are also for sale. All properties can be purchased together or separately.
Listing courtesy of Kevin Lee from Coldwell Banker George Realty
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