1754 7th Street, Riverside, CA 92507
Duplex
Sold April 2023
Listing Agent: ERIC CHEN (DRE #01489184) · Listing Office: CB RICHARD ELLIS · Contact: 626-757-5717 · Bought with: LINH TRAN · TRAN & TRAN REALTY INC · MLS #CV23030003 · Source: CRMLS
About this duplex
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.
Listing description from the April 2023 sale, as reported to CRMLS.
Sale history