Riverside, CA 92507,1789 7th ST
Riverside, CA 92507,1789 7th ST
Riverside, CA 92507,1789 7th ST
Riverside, CA 92507,1789 7th ST
Riverside, CA 92507,1789 7th ST
Riverside, CA 92507,1789 7th ST
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$6,150,000

$6,500,000

5.4%
Est.Price: ?

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Est. payment /mo

0.71 Acres Lot


SOLD DATE : 05/16/2024

Key Details

Sold Price $6,150,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV24032554

Sold Date 05/16/24

HOA Y/N No

Year Built 1966

Lot Size 0.710 Acres

Property Sub-Type Apartment

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.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Carport Spaces 20

Garage Description 2.0

Pool Community

Community Features Curbs, Sidewalks, Pool

Total Parking Spaces 27

Private Pool No

Building

Lot Description 26-30 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 211181017

Energy Description 8106.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by ERIC CHEN • CB RICHARD ELLIS • 626-757-5717
Bought with ERIC CHEN • CB RICHARD ELLIS
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