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1480 7th Street

Riverside, CA 92507

– beds
– baths
– sqft
~3/4 acre lot
1971 build
– on site

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.

Listed By CRMLS_CA / Mark Bridge / Mark Bridge, Broker / Mark.Bridge@cushwake.com

Last checked: Checking… • Last updated Nov 15, 2024 •

MLS# OC24233882 —

The Building

Year Built:

1971
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

22576.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

25
Stories Total:

2
# of Separate Gas Meters:

26
# of Separate Water Meters:

1
# of Separate Electric Meters:

26

Interior

Levels:

Two
Entry Location:

First
Laundry:

Community
Laundry:

1

Location

Directions:

Head North on Iowa Ave, Left onto University Ave, Right onto Cranford Ave, then a Right onto 7th St. Property will be on your Right
Latitude:

33.97681700
Longitude:

-117.34340600

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

R3
Lot Features:

21-25 Units/Acre
Lot Size Area:

0.8200
Lot Size Acres:

0.8200
Lot Size SqFt:

35719.20
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

422.09
Tax Tract:

009...
Tax Lot:

59

The Listing

Special Listing Conditions:

Standard
Parcel Number:

250190014

Heating & Cooling

Heating:

None

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Gutters, Sidewalks, Street Lights
Pool:

Private, Fenced, In Ground
Private Pool:

Yes

Parking

Parking:

Yes
Parking:

Assigned, Covered

Extra Units

Average 1 Bed Area:

704
Average 2 Bed Area:

909
Average 3 Bed Area:

909

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Sale history

Date	Event	Source	Price	% Change
11/14/24 Nov 14, 2024	Listed / Active	CRMLS_CA	$5,150,000

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This multifamily located in East Riverside, Riverside, CA 92507 is currently for sale for $5,150,000. 1480 7th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 1480 7th Street is in the East Riverside neighborhood of Riverside. This multifamily is in the attendance area of University Heights Middle School, John W. North High School, and Longfellow Elementary School.

Listing Courtesy of: CRMLS_CA and Mark Bridge, Broker. Based on information from California Regional Multiple Listing Service, Inc. as of 21:46 on Nov 14.

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, 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.