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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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Data last updated 10:07 PM UTC, 11/22/2024