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$5,150,000
1 Day On Site

1480 7th Street
Riverside, CA 92507

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
22,576
SqFt
$228
/SqFt
1971
Built
County:
Riverside
Listed by Mark Bridge of Mark Bridge, Broker [email protected]

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1480 7th Street1480 7th Street1480 7th Street1480 7th Street
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This Property is being sold as a 3 property, 138 Unit Total Portfolio. 88 Units at 3681 Cranford Ave, Riverside, 25 Units at 1480 7th St, Riverside, and 25 Units at 25678 Prospect Ave, Loma Linda. Normandy Apartments (25 units) located in the robust rental market of Riverside, California. Built in 1971 the property consist of approximately 22,000 of rentable square feet and is in good condition since the current ownership has made several recent significant renovations to the interiors & exteriors. The balanced unit mix consists of 3 Bedroom, 2 Bedroom, and 1 Bedroom units. The property is situated on approximately .82 acres of land that include tuck under parking, carports, open on-site parking in addition to the street parking. The property is also separately metered for gas and electric with a community laundry rooms, and pool. Select units have been tastefully remodeled with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity, shower, AC, recessed lighting, and ceiling fans throughout. Most of the “heavy lifting” is complete and should appeal to an investor looking for a turnkey asset surrounded by tremendous job opportunity.

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Listing Snapshot
Price 
$5,150,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
22,576 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.82 Acres
Year Built 
1971
MLS® Number 
OC24233882
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
23 hours agoStatus changed to Active
23 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.82
Number Of Stories 
2
Parking 
AssignedCovered
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
22576
Stories 
Two
Utilities 
Natural Gas AvailableCable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
R3
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
FencedIn GroundPrivate
Private Pool 
Yes
Community Features
Building Access 
First
Community Features 
CurbsStreet LightsSidewalks
Financing Terms Available 
Cash
MLS Area 
252 - Riverside
1480 7th Street, Riverside, CA, 92507 Pezzini Luxury Homes

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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