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Sold for $6,150,000 on 05/16/24
  • Listing Provided by: 

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with: CB RICHARD ELLIS
    $6,150,000

    1789 7th St, Riverside, CA 92507

    42beds
    52baths
    19,800sqft
    Multi Family
    Built in 1966
    -- sqft lot
    $5,573,100 Zestimate®
    $311/sqft
    $1,398 Estimated rent

    Home value

    $5,573,100

    $4.79M - $6.52M

    $1,398/mo

    Zestimate® history
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    $38,814/mo

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    What's special

    We are pleased to present the opportunity to acquire Sandra's Apartments located at 1789 7th Street in the city of Riverside. The property building size totals ± 19,800 SF and is situated on a well-maintained ± 30,928 square feet lot. Sandra's Apartments are conveniently located minutes away from Downtown Riverside and its cross streets are Chicago Avenue and Ottawa Avenue. The property offers convenient access to the University of California, Riverside, the Downtown Metrolink rail station, pharmacies, markets, banks, restaurants, and other popular retailers all within a short distance. Sandra's Apartments feature mature landscaping with a gated pool and courtyard. The property also has secured gated entry, on-site laundry facility, tuck-under parking, surface vehicle parking, and ample street parking. The units feature fully equipped kitchens with appliances, wood-looking vinyl plank and tile flooring, ceiling fans, vertical blinds, and wall air conditioning and heating. The property offers convenient access to the 91, 15, 215 and 60 freeways connecting to San Bernardino, Orange, and Los Angeles Counties. Neighboring cities include Moreno Valley, Corona and San Bernardino. Significant local landmarks within a 20-mile radius include: Castle Amusement Park, Riverside Art Museum, Fox Performing Arts Center, the Galleria at Tyler, Fairmount Park, Mount Rubidoux Park, Riverside Municipal Auditorium, UC Riverside Botanic Gardens and the historic Mission Inn Hotel & Spa. The Sandra's Apartments is a prime Riverside income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity.

    Zillow last checked: 8 hours ago

    Listing updated: May 17, 2024 at 08:56am

    Listing Provided by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    Eric Chen, DRE #01489184

    CB RICHARD ELLIS

    Source: CRMLS,MLS#: CV24032554MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 42
    • Bathrooms: 52
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 19,800
    • Total interior livable area: 19,800 sqft

    Property

    Parking
    • Total spaces: 27
    • Parking features: Garage, Carport
    • Garage spaces: 2
    • Carport spaces: 20
    • Covered spaces: 22
    • Uncovered spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: Community
    • Spa features: None
    Lot
    • Size: 0.71 Acres
    • Features: 26-30 Units/Acre
    Details
    • Parcel number: 211181017
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1966

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Sidewalks, Pool
    Location
    • Region: Riverside

    HOA & financial

    Other financial information
    • Total actual rent: 436740

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan

    Price history

    DateEventPrice
    5/16/2024Sold$6,150,000-5.4%$311/sqft
    Source: CRMLS #CV24032554
    4/16/2024Pending sale$6,500,000$328/sqft
    Source: CRMLS #CV24032554
    3/15/2024Contingent$6,500,000$328/sqft
    Source: CRMLS #CV24032554
    2/15/2024Listed for sale$6,500,000$328/sqft
    Source: CRMLS #CV24032554

    Public tax history

    Tax history is unavailable.

    Neighborhood: Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $5,573,100

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $5,573,100