2 months on rocket

Sale Pending

1789 7th St, Riverside, CA, 92507

$6,500,000

0 Baths
Condo
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
Garage2 spaces
Year Built1966
HeatingWall Furnace
CoolingWall/Window Unit(s)
MLS #CV24032554
Lot Size0.71 Acres
StatusSale Pending
(Pending)

About 1789 7th St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1966
  • Stories: 2

Listing Office:

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

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.71 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • John W. North High School, Public District Grades 9-12
  • University Heights Middle School, Public District Grades 7-8
  • William Howard Taft Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Merge onto CA-60 East, Exit Market St, Turn Left onto 3rd St, Turn Right onto Chicago Ave, Turn Right onto 7th St

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,500,000

Tax Information:

  • Annual Amount: $8,815
  • 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

$631K

Med. Price/SqFt

$369

Avg. Days On Market

33

# of Sold Homes

179

1789 7th St vs Riverside

71 DAYS ON ROCKET

+38 Days

$6,500,000

+$5.8M More

KEY TAKEAWAY

This property is $5.8M 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: #CV24032554

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: 4/27/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 25, 1997Home Sold
$425,000
Jan 22, 1997Home Sold
$324,217
Dec 13, 1994Home Sold
$874,000
Dec 27, 1991Home Sold
$337,500
Dec 01, 1989Home Sold
$145,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,815$714,690
2020$8,814$707,362
2018$8,509$679,896
2017$7,881$666,566

History based on county public records data.

Payment Calculator

$32.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$19.5K

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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-1045567
6
/10

  • William Howard Taft Elementary School

  • 959 Mission Grove Pkwy N

  • 3.49 miles

  • Public District Grades KG-6

Middle School

school-card-donut-1045568
3
/10

  • University Heights Middle School

  • 1155 Massachusetts Ave

  • 1.04 miles

  • Public District Grades 7-8

High School

school-card-donut-1045569
4
/10

  • John W. North High School

  • 1550 3rd St

  • 0.42 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 $30,714. Residents of Riverside, CA typically earn less than $35k each year. Typical family type is single, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1789 7th St

What is the listing price of this property?

The listing price of 1789 7th St property is $6,500,000.

What type of property is this?

The property 1789 7th St is a condo located in Riverside, California, 92507.

Is this property for sale now?

Sale Pending: 1789 7th St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1789 7th St are:
William Howard Taft Elementary School: GreatSchools Rating 6/10
University Heights Middle School: GreatSchools Rating 3/10
John W. North High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,815 (source: MLS/based on county public records data).

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

The last sale was on March 25, 1997 for $425,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1789 7th St is 1966.
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Rocket Homes›California›Riverside County›Riverside›92507›1789 7th St

This home is located at 1789 7th St in Riverside, CA and zip code 92507 in the Eastside neighborhood. This home, which was built in 1966, sits on a 0.71 acre lot. It has been listed on Rocket Homes since February 15, 2024 and is currently priced at $6,500,000.

While more than 92 listings in Riverside, CA in March 2024 were sold above asking price, there were more than 33 listings sold at asking price, and more than 54 were sold below. The number of homes for sale in Riverside, CA increased by 1.9% between February 2024 and March 2024. While the average time on the market in March 2024 was 33 days, the median list price was $631,054.

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

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