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Sold for $400,000 on 04/26/23
  • Listing Provided by: 

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with: TRAN & TRAN REALTY INC
    $400,000

    1754 7th St, Riverside, CA 92507

    2beds
    796sqft
    Duplex
    Built in 1941
    9,583 Square Feet Lot
    $458,300 Zestimate®
    $503/sqft
    $2,209 Estimated rent

    Home value

    $458,300

    $431,000 - $486,000

    $2,209/mo

    Zestimate® history
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    What's special

    A multifamily opportunity to acquire this 2-Unit duplex property. 1754 7th Street is situated on Seventh Street between Mesa Street and Chicago Avenue. The property is surrounded by new developments and is conveniently located near the 91, 60 and 215 freeways connecting to all of San Bernardino, Orange, and Los Angeles Counties. 1754 7th Street is within walking distance to Walgreens, Food4Less, Dollar Tree, Planet Fitness, McDonalds, Burger King and El Pollo Loco with access to many retail centers with popular shops and restaurants within a quick five-minute drive. 1754 7th Street is located in the heart of Riverside near Downtown and nearby the UCR, John W North High School, Riverside City College, Riverside Community Hospital and the Riverside Metrolink Rail Station. Significant local amenities include, Castle Amusement Park, Victoria Gardens, Riverside Art Museum, the historic Mission Inn Hotel & Spa, and UC Riverside Botanic Gardens all within a close 20-mile proximity. Health care, Retail Trade, Social Assistance and Construction industries are the top economic drivers of the Riverside’s economy and has shown steady growth over the past 10 years. The Inland Empire Ranks in the Top 10 in the U.S. for Annual Rent Growth & Lowest Vacancy Rate. The Inland Empire region attracts a strong working-class demographic and ideal for long-term renters. 1754 7th Street is a prime 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: April 27, 2023 at 09:09am

    Listing Provided by:

    Eric Chen DRE #01489184 626-757-5717,

    CB RICHARD ELLIS

    Bought with:

    LINH TRAN, DRE #01888002

    TRAN & TRAN REALTY INC

    Source: CRMLS,MLS#: CV23030003MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Appliances
    • Laundry: None
    Features
    • All Bedrooms Down
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 796 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 1
    • Uncovered spaces: 3
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    Lot
    • Size: 9,583 sqft
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 211183004
    • Zoning: R3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Duplex
    Condition
    • New construction: No
    • Year built: 1941

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

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

    Other

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

    Price history

    DateEventPrice
    4/26/2023Sold$400,000-11.1%$503/sqft
    Source: CRMLS #CV23030003
    3/20/2023Pending sale$450,000$565/sqft
    Source: CRMLS #CV23030003
    3/14/2023Contingent$450,000$565/sqft
    Source: CRMLS #CV23030003
    2/22/2023Listed for sale$450,000$565/sqft
    Source: CRMLS #CV23030003

    Public tax history

    YearProperty taxesTax assessment
    2025$4,684 +3.4%$416,160 +2%
    2024$4,531 -2.9%$408,000 -1.4%
    2023$4,667 +692.8%$414,000 +781.3%

    Find assessor info on the county website

    Neighborhood: Eastside

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $458,300

    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

    $458,300