$5,150,000
1480 7th Street Riverside, CA 92507
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$5,150,000
Est. payment /mo
22,576 SqFt
Active
1480 7th Street Riverside, CA 92507
UPDATED:
11/19/2024 09:38 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 22,576 sqft
Price per Sqft $228
MLS Listing ID CROC24233882
HOA Y/N No
Year Built 1971
Lot Size 0.820 Acres
Acres 0.82
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 Listing
Zoning R3
Interior
Heating None
Fireplace No
Laundry Community Facility
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 250190014
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Listed by Mark Bridge • Mark Bridge, Broker
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