1480 7th ST new Save Request In-Person Tour Request Virtual Tour
Riverside,CA 92507
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24233882
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
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
Building
Lot Description 21-25 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
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