1480 7th Street
Riverside, CA, 92507
$5,150,000
Beds
0 Baths
SqFt
0.82 Acres
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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 &#38' 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.

Property Details

Price:
$5,150,000
MLS #:
OC24233882
Status:
Active
Baths:
0
Address:
1480 7th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
252riverside
City:
Riverside
Listed Date:
Nov 11, 2024
State:
CA
ZIP:
92507
Lot Size:
35,719 sqft / 0.82 acres (approx)
Year Built:
1971
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Interior

Heating
None

Exterior

Community Features
Curbs, Gutters, Sidewalks, Street Lights
Garage Spaces
0.00
Lot Features
21-25 Units/ Acre
Parking Features
Assigned, Covered
Parking Spots
0.00
Pool Features
Private, Fenced, In Ground
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Tenant Pays
Electricity, Gas
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

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