1480 7th Street, Riverside CA, 92507

Active

1480 7th Street

Riverside CA, 92507

$5,150,000

$228.12 per sqft

Active

22,576 sqft

Condos

Built in 1971

Listed by Mark Bridge with Mark Bridge, Broker [email protected]

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.

OC24233882

MLSⓇ ID

November 14, 2024

Listed

December 5, 2024

Updated

Map

1480 7th Street
Riverside CA, 92507

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No
Heating Description: None

Exterior/Building Features

Lot Size: 0.82 Acres
Lot Features: 21-25 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 252 - Riverside
Days on Market: 20
Garage: No
Parking: Assigned, Covered
Parking Total: 0
View: No
County: Riverside
Water Source: Public
Pool: Yes
Pool Features: Fenced, In Ground, Private
Zoning: R3

Listing Contact: 949-474-4004

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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. 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/5/2024 at 12:02 PM UTC