Opening page…
Closed
- Listed price
- $7,625,000
- Listed May 8, 2018
- Sold price
- $7,400,000
- Sold Nov 9, 2018
119,790 sqft lot|1986 Built|149 MLS days on market
3375 Iowa Ave, Riverside, CA 92507
Property Description
Investment Highlights: Current Cap Rate of 6.70% With Substantial Upside to 7.53% Pro Forma Cap Rate by Converting Gross Leases to NNN / Low Price Per Square Foot / Now 100% Occupied / Owner has Made Substantial Capital Improvements to the Shopping Center Including New Paint, Parking Lot Improvements, and Tenant Sign Improvements / Just Two Minutes from the University of California, Riverside which has Over 23,200 Students / Just Off the 215 Freeway (157,000+ Cars Per Day) / Over 1,600 Apartment & Student Living Units are Located ½ a mile from the Subject Property
Listing agent: Ronnie DuongDRE #01438643ron.duong@marcusmillichap.com, Listing office: Gateway Commercial
MLS data updated 11/2/2026, 3:58:18 PM PT
Source: CRMLSMLS #: OC18108066
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$7,400,000
Nov 9, 2018
Available records32018
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92507 · Nov 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.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
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.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.