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Active

1480 7th Street

Riverside CA, 92507

$5,150,000


Active

6 Beds

Multi-family

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

November 22, 2024

Updated

Map

1480 7th Street
Riverside CA, 92507

Interior Features

Total Stories

2


Bedrooms

6


Fireplace

No


Cooling

No


Heating

No


Heating Description

None

Exterior/Building Features

Lot Size

0.82 Acres


Lot Features

Curbs, Sidewalks

Other Property Details

Days on Market

8


Garage

Yes


Parking

Garage(Assigned)


View

No


County

Riverside


Pool

Yes


Pool Features

In Ground, Private


Zoning

Assessor

Listed by Mark Bridge, Broker, ,
Listing Contact:  

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