1970 7th St.
Riverside, CA
Status:
Sold
Close of Escrow: 05/28/2015
Market Time: 4 Months
Total Number of Units: 81
Year Built: 1979
Sale Price: $5,500,000
Price per Unit: $67,901
Price per Square Foot: $178.69
CAP Rate: 6.93%
GRM: 8.98
Downpayment: $5,500,000
Net Operating Income: $381,038
Rentable Square Feet: 30,780
Lot Size: 1.05 Acres
Unit Type
Studio
1Bdr 1Bath Juniors
1Bdr 1Bath
No. of Units
45
5
31
The property was constructed in 1979 and provides the investor with 45 studio units and 36 one-bedroom apartment units.
