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Closed
- Listed price
- $5,950,000
- Listed Mar 19, 2015
- Sold price
- $5,500,000
- Sold May 28, 2015
45,738 sqft lot|1979 Built|75 MLS days on market
1970 7th St, Riverside, CA 92507
Property Description
-97% Occupancy Building, Rental Comps Illustrate a 97% Occupancy Area, Financeable Asset, Strong Operating History, Competitive ProForma CAP of 6.32%, Conservative 5% Upside in Rents. The property, situated on a 1.05 acre lot, consists of eighty one units, divided into 48 studios & 33 one bedroom/one bathroom units. This is a three story apartment complex with a steel frame & concrete block construction. The apartment community features secure gated parking, security camera system, keypad/intercom entrance, new gazebo, BBQs, pet & social areas, trash chutes, as well as an onsite laundry room. The property has underwent recent improvements such as: a New roof, furnished leasing office, New ventilation windows, The repair of 5 central ventilation fans, New elevator controls & new elevator interior, Complete tent and fumigation of the entire building, Exterior painting of the building and surrounding fences, Complete landscaping, Interior painting of all hallways, laundry room, and common areas. The unit updates include: New interior paint and carpeting, Cabinet and bathroom repairs, New patio screens, doors and locks
Listing agent: ALBERT LEDRE #01468313albert.le@leinvestmentgroup.com, Listing office: LE INVESTMENT GROUP
MLS data updated 10/30/2026, 2:42:28 AM PT
Source: CRMLSMLS #: IV15057952
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$5,500,000
May 28, 2015
Available records22015
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92507 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92507 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.