1789 7th St | Riverside, CA 92507
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- LoopNet Team
1789 7th St
Riverside, CA 92507
Sandra's Apartments · Multifamily Property For Sale
·
27 Units
INVESTMENT HIGHLIGHTS
- Prime Riverside Location, Just 1-Mile Away from the University of California, Riverside
- Attractive Unit Mix Featuring Studios, One- and Two-Bedroom Floor Plans | Average Unit Size of 733 Square Feet
- Property Features Include: On-Site Laundry, Gated Entry, Community Pool, Courtyard, Mature Landscaping, Carport and Surface Vehicle Parking
- Well-Maintained Property Situated on ±30,928 SF Lot Built in 1966
- Significant Potential for Rental Upside – Opportunity for Approximately 51% Rental Growth to Achieve Market Rents
- Unit Amenities Feature: Fully Equipped Kitchens with Appliances, Vinyl Plank and Tile Flooring, Ceiling Fans, Vertical Blinds, and Wall AC
PROPERTY FACTS
| No. Units | 27 | Building Size | 19,800 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | B | Parking Ratio | 1.46/1,000 SF |
| Lot Size | 0.71 AC | ||
| Zoning | R3, Riverside | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.71 AC |
| Building Size | 19,800 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | R3, Riverside |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
SITE AMENITIES
- Security System
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $772.00 | 500 |
| 1+1.5 | 8 | $1,340 | 650 |
| 2+1.5 | 17 | $1,493 | 800 |
PROPERTY TAXES
| Parcel Number | 211-181-017 | Improvements Assessment | $5,482,500 |
| Land Assessment | $790,500 | Total Assessment | $6,273,000 |
PROPERTY TAXES
Parcel Number
211-181-017
Land Assessment
$790,500
Improvements Assessment
$5,482,500
Total Assessment
$6,273,000
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