16 days on rocket

3401 Ramona Dr, Riverside, CA, 92506

$10,550,000

0 Baths
Condo
Schools Nearby

Location

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Property Highlights

Home TypeCondominium
Year Built1972
HeatingWall Furnace
CoolingCentral Air, Wall/Window Unit(s)
MLS #CV24098181
Lot Size1.81 Acres
StatusActive

About 3401 Ramona Dr

We are proud to present an exceptional opportunity to acquire a well-maintained apartment complex located at 3401 Ramona Drive in Riverside. This ±35,504 SF building sits on a generous ±78,844 SF lot. The property is situated at the intersection of Ramona Drive and Olivewood Avenue. 3401 Ramona Drive is conveniently located within minutes to Riverside City College and the University of California Riverside. It provides easy access to the 91 Freeway, Downtown Riverside Metrolink train station, Riverside Community Hospital, Riverside Plaza and a variety of other shopping centers, restaurants, retailers, and parks, all just a short distance away. Showcasing mature and lush landscaping, 3401 Ramona Drive resides in a quiet residential neighborhood in Riverside. The property features a secured parking entrance gate, covered parking and surface parking stalls, a swimming pool, and an on-site laundry facility. Units feature kitchens with dishwashers and electric cooking systems, wood plank and carpet flooring throughout the units, central A/C system for the two-bedrooms and wall A/C for the one-bedrooms, ceiling fans, vertical blinds, and private balconies or patios. Five buildings have brand new roofs, and all 44 units have new windows, screens, and patio doors. Eight of the units (Units 36-44) were subject to a fire in 2017 with the previous owner and all were completely remodeled. Neighboring cities include Moreno Valley, Jurupa Valley, Fontana, Colton, and San Bernardino. Significant local landmarks within a 20-mile radius include: Downtown Riverside, University of California, Riverside (UCR), UC Riverside Botanic Gardens, Mount Rubidoux, Mission Inn Hotel and Resort, Riverside Plaza, Magnolia Town Center, the Moreno Valley Mall, California Baptist University (CBU), Fox Performing Arts Center, and the March Field Air Museum, to name a few. 3401 Ramona Drive is an admirable Inland Empire 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.

Property Details

Property Features

Property Information:

  • Year Built: 1972
  • Stories: 1

Listing Office:

  • Office Name: CB RICHARD ELLIS
  • Office Phone: (626) 757-5717
  • Listing Agent: ERIC CHEN

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 1.81 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Central Air, Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Riverside Virtual, Public District Grades KG-12
  • Polytechnic High School, Public District Grades 9-12
  • Central Middle School, Public District Grades 5-8
  • Pachappa Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Take CA-60 E toward Riverside, Merge onto CA-91 W toward Riverside, Take Exit 63 toward 14th, Merge onto Mulberry Street, Turn Right onto 14th Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,550,000

Tax Information:

  • Annual Amount: $69,514
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Riverside, CA.

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Riverside, CA

City

Med. Sold Price

$637.1K

Med. Price/SqFt

$371

Avg. Days On Market

26

# of Sold Homes

175

3401 Ramona Dr vs Riverside

16 DAYS ON ROCKET

-10 Days

$10,550,000

+$9.9M More

KEY TAKEAWAY

This property is $9.9M more than the Median Sold Price in Riverside, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24098181

Listing Office:

  • Office Name: CB RICHARD ELLIS
  • Office Phone: (626) 757-5717
  • Listing Agent: ERIC CHEN

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 2:20:41 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 15, 2021Home Sold
$7,632,000
Apr 01, 2013Home Sold
$3,850,000
Apr 27, 2012Home Sold
$2,200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$69,514$6,124,416
2020$69,513$6,061,619
2018$66,903$5,826,240
2017$44,425$5,712,000

History based on county public records data.

Payment Calculator

$52.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$31.6K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6451559
6
/10

  • Pachappa Elementary School

  • 6200 Riverside Ave

  • 0.73 miles

  • Public District Grades KG-6

Middle School

school-card-donut-6451560
4
/10

  • Central Middle School

  • 4795 Magnolia Ave

  • 0.50 miles

  • Public District Grades 5-8

High School

school-card-donut-6451561
6
/10

  • Riverside Virtual

  • 4011 14th St

  • 0.89 miles

  • Public District Grades KG-12

school-card-donut-6451562
7
/10

  • Polytechnic High School

  • 5450 Victoria Ave

  • 1.16 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,212. Typical income of Riverside, CA residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3401 Ramona Dr

What is the listing price of this property?

The listing price of 3401 Ramona Dr property is $10,550,000.

What type of property is this?

The property 3401 Ramona Dr is a condo located in Riverside, California, 92506.

Is this property for sale now?

Active Listing: 3401 Ramona Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3401 Ramona Dr are:
Pachappa Elementary School: GreatSchools Rating 6/10
Central Middle School: GreatSchools Rating 4/10
Riverside Virtual: GreatSchools Rating 6/10
Polytechnic High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $69,514 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 15, 2021 for $7,632,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 3401 Ramona Dr is 1972.
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Rocket Homes›California›Riverside County›Riverside›92506›3401 Ramona Dr

This home is located at 3401 Ramona Dr in Riverside, CA and zip code 92506 in the Wood Streets neighborhood. This home, which was built in 1972, sits on a 1.81 acre lot. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $10,550,000.

In April 2024 more than 88 listings in Riverside, CA were sold above the asking price. During the same period more than 32 listings were sold at asking price, while more than 55 were sold below. The inventory of homes for sale in Riverside, CA between March 2024 and April 2024 decreased by 0.1%. In April 2024 median list price was $637,181 and the average listing age was 26 days.

From Rocket Homes Real Estate and based on county public records data.

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