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1480 7th Street
Riverside CA 92507 US

$5,150,000

Active Listing ID OC24233882
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6 bed
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3.00 Bath (3 Full)
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Lot: 35,719.20 Square Feet
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Apartment

$5,150,000

Active Listing ID OC24233882
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1480 7th Street www.TeamBridgeGroup.com 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 of3 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.

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Property Features

  • Facts
  • Lot Size: 35,719.20 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 3
  • Exterior Finish: Pool, Community Features Included: Curbs, Gutters, Sidewalks, Street Lights, 21-25 Units/Acre
  • Additional Features
  • Pool

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 5150000
  • unparsedaddress: 1480 7th Street
  • postalcity: Riverside
  • stateorprovince: CA
  • country: US
  • postalcode: 92507
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.82
  • lotsizeunits: Square Feet
  • lotsizearea: 35719.2
  • livingarea: 22576
  • livingareaunits: Square Feet
  • listagentfullname: Mark Bridge
  • listagentemail: Mark.Bridge@cushwake.com
  • listagentkey: 3yd-MRMLSCA-SBRIDMA2
  • listagentmlsid: SBRIDMA2
  • listagentpreferredphone: 9493724888
  • listagentofficephone: 9494744004
  • listofficekey: 3yd-MRMLSCA-OC08174
  • listagentstatelicense: 01316702
  • listofficemlsid: OC08174
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1971
  • listingcontractdate: 2024-11-14
  • listagenturl: http://www.cushmanwakefield.us
  • countyorparish: Riverside
  • parcelnumber: 250190014
  • numberofunitstotal: 25
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Assigned, Covered
  • waterfrontyn: False
  • exteriorfeatures: Pool, Community Features Included: Curbs, Gutters, Sidewalks, Street Lights, 21-25 Units/Acre
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: True
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Mark Bridge, Broker", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Mark.Bridge@cushwake.com", "ListBrokerageCity":"Irvine", "ListBrokerageCountry":"US", "ListBrokerageEmail":"mark.bridge@cushwake.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Mark Bridge, Broker", "ListBrokeragePhone":"(949) 372-4888", "ListBrokeragePostalCode":"92612", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"18111 Von Karman Ave #1000", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"18111 Von Karman Ave No. 1000", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"SBRIDMA2", "ListOfficeCity":"Irvine", "ListOfficeCountry":"US", "ListOfficeEmail":"mark.bridge@cushwake.com", "ListOfficePostalCode":"92612", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Riverside, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1480-7th-St_Riverside_CA_92507_M12565-33587?f=listhub&s=MRMLSCA&m=OC24233882&c=rexren", "MLSModificationTimestamp":"2024-11-14T14:04:33Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/15/2024 1:15:16 AM GMT
Source Updated Date: 11/24/2024 6:57:30 AM GMT

Courtesy of: Mark Bridge, Mark Bridge, Broker, Mark.Bridge@cushwake.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.