Seller's Agent in 2023
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
2 in this area
65 Total Sales
1754 7th St Riverside, CA 92507
Eastside NeighborhoodEstimated Value: $399,000 - $503,000
2
Beds
1
Bath
796
Sq Ft
$581/Sq Ft
Est. Value
Highlights
- No HOA
- Wall Furnace
- 1-Story Property
- Cooling System Mounted To A Wall/Window
About This Home
As of April 2023A 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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1941
Lot Details
- 9,583 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 3 Open Parking Spaces
- 1 Car Garage
Home Design
- Duplex
Interior Spaces
- 796 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 39
- Tax Tract Number 30501
- Assessor Parcel Number 211183004
- $66 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 21, 2023
Closed on
Mar 29, 2023
Sold by
Heyming Rebecca
Bought by
Tong Truc Thanh Vaness
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
LINH TRAN
TRAN & TRAN REALTY INC
List Price
$450,000
Sold Price
$400,000
Premium/Discount to List
-$50,000
-11.11%
Views
943
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,098
Avg. Annual Appreciation
5.51%
Original Mortgage
$300,000
Outstanding Balance
$291,662
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$170,436
Purchase Details
Closed on
Sep 14, 2022
Sold by
Heyming Frank T
Bought by
Heyming Trust
Purchase Details
Closed on
Feb 4, 2005
Sold by
Heyming Frank T and Heyming Lucy E
Bought by
Seventh Street Privacy Trust
Purchase Details
Closed on
Jul 10, 2003
Sold by
Heyming Frank and Heyming Lucy
Bought by
Heyming Frank T and Heyming Lucy E
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tong Truc Thanh Vaness | $400,000 | First American Title | |
| Heyming Trust | -- | First American Title | |
| Seventh Street Privacy Trust | -- | -- | |
| Heyming Frank T | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Tong Truc Thanh Vaness | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/26/2023 04/26/23 | Sold | $400,000 | -11.1% | $503 / Sq Ft |
| 03/14/2023 03/14/23 | Pending | -- | -- | -- |
| 02/21/2023 02/21/23 | For Sale | $450,000 | -- | $565 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,531 | $416,160 | $72,828 | $343,332 |
| 2023 | $4,531 | $414,000 | $104,000 | $310,000 |
| 2022 | $589 | $46,977 | $11,701 | $35,276 |
| 2021 | $598 | $46,057 | $11,472 | $34,585 |
| 2020 | $594 | $45,586 | $11,355 | $34,231 |
| 2019 | $584 | $44,693 | $11,133 | $33,560 |
| 2018 | $574 | $43,817 | $10,915 | $32,902 |
| 2017 | $565 | $42,958 | $10,701 | $32,257 |
| 2016 | $533 | $42,117 | $10,492 | $31,625 |
| 2015 | $525 | $41,486 | $10,336 | $31,150 |
| 2014 | $520 | $40,676 | $10,135 | $30,541 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
-
LINH TRAN
L
Buyer's Agent in 2023
LINH TRAN
TRAN & TRAN REALTY INC
(626) 331-3078
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV23030003
APN: 211-183-004
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 0 Arlington Ave Unit SW24165534
- 1971 7th St
- 2125 7th St
- 4209 Angelo St
- 2190 9th St
- 4479 Chicago Ave
- 4485 Dwight Ave
- 2311 5th St
- 3420 Comer Ave
- 104 Sir Tristram Dr Unit 104
- 1560 Massachusetts Ave Unit 123
- 1560 Massachusetts Ave Unit 142
- 1560 Massachusetts Ave
- 1560 Massachusetts Ave Unit 46
- 2821 6th St
- 39 Round Table Dr
- 36 Round Table Dr
- 4785 Chicago Ave
- 2428 Vasquez Place
- 1787 Prince Albert Dr