Homes for sale - 1480 7th Street, Riverside, CA 92507

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Theresa Walker

theresa@octagonre.com +1(858) 449-1101

$ 5,995,000

Est. payment | -/mo

6 Beds

3 Baths

0.82 Acres Lot

Save

$ 5,995,000

Est. payment | -/mo

Save

6 Beds

3 Baths

0.82 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26008212

Bedrooms 6

Lot Size 0.820 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Built in 1977, The Normandy Apartments consist of approximately 22,798 of rentable square feet and is in good condition since the current ownership has made several recent signi?cant 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 0.82 acres of land that include tuck under parking, 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 & sparkling pool. Select units have been tastefully remodeled with new ?ooring, 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 and 10% realistic rental upside.

Location

State CA

County Riverside

Zoning Public Rec

Direction 1 mile east of 91 Fwy & University

Interior

Fireplace No

Exterior

Pool Community/Common

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 250190014

Acceptable Financing Cash

Listing Terms Cash

Listed by Jonathan Mitchell Kidder Mathews of California, Inc

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Riverside STEM Academy

Public | 5 - 9
7

Pachappa Elementary School

Public | KG - 6
7

Riverside Virtual

Public | KG - 12
6

Reach Leadership Academy

Public | KG - 6
5

Bryant Elementary School

Public | KG - 6
5

Patricia Beatty Elementary School

Public | KG - 6
5

Alcott Elementary School

Public | KG - 6
5

Fremont Elementary School

Public | KG - 6
5

Longfellow Elementary School

Public | KG - 6
5

Emerson Elementary School

Public | KG - 6
5

Castle View Elementary School

Public | KG - 6
4

Washington Elementary School

Public | KG - 6
4

Victoria Elementary School

Public | KG - 6
4

Highgrove Elementary School

Public | KG - 6
3

Central Middle School

Public | 5 - 8
1

California School for the Deaf-Riverside

Public | KG - 12
1

Riverside County Special Education

Public | KG - 12
1

Highland Elementary School

Public | KG - 6
0

All Saints Carden Academy

Private | KG - 7
0

Montessori Academy

Private | PK - 3

Middle Schools 4

5

Matthew Gage Middle School

Public | 7 - 8
4

University Heights Middle School

Public | 7 - 8
0

Riverside County Community

Public | 7 - 12
0

Opportunity Program

Public | 7 - 12

High Schools 10

6

Polytechnic High School

Public | 9 - 12
5

Grand Terrace High School at The Ray Abril Jr. Educational Complex

Public | 9 - 12
4

John W. North High School

Public | 9 - 12
1

Gateway College and Career Academy

Public | 10 - 12
1

Come Back Kids

Public | 9 - 12
0

Gateway to College Early College High School

Public | 9 - 12
0

Riverside County Regional Occupational Program

Public | 9 - 12
0

Raincross High (Continuation)

Public | 9 - 12
0

Abraham Lincoln Continuation

Public | 9 - 12
0

Oxford-Riverside Academy

Private | 9 - 12

School and business data provided by Attom Data.

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, San Diego, CA, 92101

1480 7th Street Riverside, CA 92507