Welcome to the historic Puffer-Lamar Home, a landmark estate set
along the tree-canopied corridor of Riverside's prestigious
Victoria Avenue within the protected Greenbelt. Originally
established in 1900 as a working citrus farmhouse, this
distinguished property stands as a remarkable testament to
California's golden citrus era. The main residence spans
4,245 square feet, defined by two thoughtful historical expansions
and unique architectural details, most notably its signature
octagonal tower inspired by Riverside's well known "Heritage
House." The updated kitchen features sleek quartz countertops,
premium stainless-steel appliances, and an embossed relief ceiling
reminiscent of historic tin design, all framed by sweeping views
across the private citrus groves and mature palms.
Complementing the main residence is an expansive detached
structure housing two separate living spaces, bringing the total
livable footprint to an impressive 7,253 square feet. The
property is now ideal for multi-generational living, guest
quarters, or private creative studios. Modern infrastructure
meets historic charm with extensive recent capital investments,
including seismic/earthquake retrofitting, newly installed hardwood
flooring, upgraded HVAC systems, and a resort-style pool and spa.
The grounds offer seclusion and privacy, framed by mature
citrus, avocado, and various fruit trees, alongside an established
vegetable garden, you can have your own taste of country living.
There is ample parking as well as multiple garages, room for
an RV or other toys as well. Tucked behind a lush, historic
canopy, this iconic property delivers rare agricultural
tranquility, architectural pedigree, and vintage estate living in
Riverside's beautiful Greenbelt.
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Appliances: Built-In Range, Double Oven, Dishwasher, Electric Oven, Electric Range, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator, Water Heater, HighEfficiencyWaterHeater
Flooring Type: Carpet, Wood
Laundry Features: Laundry Room
Has Fireplace
Fireplace Features: Family Room, Free Standing, Gas Starter, Living Room, Masonry, Wood Burning, GuestAccommodations
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