Active Under Contract

1480 7th Street

Riverside, CA 92507
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Bed 6

Bed

Bath 3

Bath

SqFt35,719

Sqft(Lot)

$400,000 Price Reduction. 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 th roughout. 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,595,000

AD Id : 88560205

MLS Id : OC26008212

Beds : 6

Lot Size : 35,719 Sqft

Year Built : 1971

Garage : 25

County : Riverside

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Feature Features

  • Heating & Cooling

    Heating: None

  • Building Information

    Year Built: 1971
    Building Area Total: 22576
    Stories: 2
    Pool Features: Community
    Private Pool: No

  • Lot Information

    Main Square Feet: 35719 Lot Size Acres: 0.82 Lot Size Source: Assessor Lot Size Square Feet: 35,719 Lot Description: TwentyOneToTwentyFiveUnitsAcre

  • Listing Price Information

    Listing Price: $5595000
    Original Price: $5995000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 250190014 Tax Lot: 59

  • Parking Information

    Parking Total: 50 Assigned

    Garage Information

    Has Garage: Yes Garage Space: 25

  • Location Information

    Direction: 1 mile east of 91 Fwy & University WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3681 Cranford Avenue, Riverside, CA, 92507 $16,995,000 3 4 --

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ByOwner last updated this listing 07/30/2026 @ 12:05

MLS: OC26008212 LISTED BY: Jonathan Mitchell, Kidder Mathews of California, Inc 949-557-5000 SOURCE: CRMLS

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