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1789 7th Street, Riverside, CA 92507
$6,150,000
1789 7th Street, Riverside, CA 92507View this property at 1789 7th Street, Riverside, CA 92507
1789 7th StreetRiversideCA92507
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Property Description
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.
Full Property Details
Full Property Details for 1789 Seventh St
General
- Sold For: $6,150,000
- Status: Closed
- Type: Multi-Family
- MLS ID: CV24032554
- Added to Site: 108 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area
Additional Information
- Pool Description: Community
- Spa Description: None
Parking
- Garage Spaces: 2
Location
- Area: 252 - Riverside
- County: Riverside
- Development Name: 252 - Riverside
- Driving Directions: Merge onto CA-60 East, Exit Market St, Turn Left onto 3rd St, Turn Right onto Chicago Ave, Turn Right onto 7th St
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 27
- # Electric Meters: 27
Structural Information
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 19,800
- Year Built: 1966
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 1
Unit 2
- Number of Units: 8
- Total Bathrooms: 2
- Bedrooms: 1
Unit 3
- Number of Units: 17
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.71
- Lot Size Source: Assessor
- Zoning: R3
- Lot Description: 26-30 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $310.61
- Price Per Unit: 240741
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Cb Richard Ellis, ERIC CHEN
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Schools
Schools serving 1789 Seventh St
School District:Riverside Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
959 Mission Grove Pkwy N, Riverside, CA 92506 | K-6 | 3.5 mi | |
1155 Massachusetts Ave, Riverside, CA 92507 | 7-8 | 1.1 mi | |
1550 3rd St, Riverside, CA 92507 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1789 Seventh St
Date
Details
Price
Change
Source
5/16/2024
Sold
$6,150,000
-5.38%
MLS
2/15/2024
Listed
$6,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1789 7th Street, Riverside, CA 92507 (MLS# CV24032554) is a Multi-Family property that was sold at $6,150,000 on May 16, 2024. Want to learn more about 1789 7th Street? Do you have questions about finding other Multi-Family real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.