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1480 7Th Street

Riverside, CA 92507

$5,150,000

List Price

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bed Beds

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1971

calendar_month Built

Property Description

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.

Listing Information

List Price $5,150,000
Status Active
MLS OC24233882
Type Residential Income
Subtype Apartment
Year Built 1971
Lot Size 35,719
Structure Size N/A
DOM 5
Courtesy Of Mark Bridge, Broker
Listing Agent Mark Bridge DRE#01316702

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

home_work Nearby Properties

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$18,100,000

king_bed N/A
shower N/A
straighten N/A
straighten 96,268
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king_bed 3
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king_bed N/A
shower N/A
straighten N/A
straighten N/A
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king_bed 1
shower 1
straighten 616
straighten N/A
1114 W Blaine Street, #207,

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Image

$2,200/month

king_bed 2
shower 1
straighten 810
straighten 810
1114 W Blaine Street, #108,

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Listing information courtesy of: Mark Bridge, Mark Bridge, Broker 949-372-4888. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 19th, 2024 at 9:19 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.