Riverside, CA 92507,1480 7th ST
Riverside, CA 92507,1480 7th ST
Riverside, CA 92507,1480 7th ST
Riverside, CA 92507,1480 7th ST
Riverside, CA 92507,1480 7th ST
Riverside, CA 92507,1480 7th ST
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$ 5,150,000
Est. payment | /mo

0.82 Acres Lot


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$ 5,150,000
Est. payment | /mo
Save

0.82 Acres Lot

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24233882

HOA Y/N No

Year Built 1971

Lot Size 0.820 Acres

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.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning R3

Interior

Heating None

Fireplace No

Laundry Common Area

Exterior

Garage Assigned, Covered

Pool Fenced, In Ground, Private

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

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

Parking Type Assigned, Covered

Private Pool Yes

Building

Lot Description 21-25 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 250190014

Energy Description 24911.0

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Mark Bridge • Mark Bridge, Broker • Mark.Bridge@cushwake.com
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260 Bakerstreet East Suite #200, Costa Mesa, California, 92626, USA

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1480 7th ST