1480 7th Street Riverside, CA 92507
Multi-Family (2-4 Units)
MLS #: OC24233882
Courtesy Of Mark Bridge, Broker
$5,150,000
6 beds
|
3 baths
|
22,576 sq ft
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Estimated monthly payments:
$22,512/mo.* (recalculate)
Property InformationDescription
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.
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.
Features
- Age: Over 50 Years Old
- Amenities: Dock, Pool
- Architecture Style: Other
MAP & DIRECTIONS
School Information
1480 7th Street, Riverside, CA 92507
Elementary School
Grades KG-6 |
Public School
LONGFELLOW ELEMENTARY SCHOOL
Riverside, CA 92507
3610 Eucalyptus Ave
951.788.7335
Distance: 0.9 mi
School Rating
C-
Student:Teacher Ratio
25:1
Total Students
681
Middle School
Grades 7-8 |
Public School
UNIVERSITY HEIGHTS MIDDLE SCHOOL
Riverside, CA 92507
1155 Massachusetts Ave
951.788.7388
Distance: 0.8 mi
School Rating
C-
Student:Teacher Ratio
25:1
Total Students
882
High School
Grades 9-12 |
Public School
JOHN W. NORTH HIGH SCHOOL
Riverside, CA 92507
1550 3rd St
951.788.7311
Distance: 0.4 mi
School Rating
C+
Student:Teacher Ratio
26:1
Total Students
2294
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Islamic Academy Of Riverside | 0.5 mi | Private | PK-8 | |
| Reach Leadership Steam Academy | 0.6 mi | Public | KG-6 | C |
| Emerson Elementary School | 0.9 mi | Public | KG-6 | C |
| Uc Riverside Early Childhood Services | 1.1 mi | Private | PK-KG | |
| Highland Elementary School | 1.1 mi | Public | KG-6 | D+ |
| Abraham Lincoln Continuation | 1.4 mi | Public | 9-12 | D |
| St Francis De Sales School | 1.7 mi | Private | KG-8 | |
| Kindercare Learning Center | 1.7 mi | Private | KG | |
| Riverside Stem Academy | 1.8 mi | Public | 5-12 | A |
| Fremont Elementary School | 1.9 mi | Public | KG-6 | C |
| Louisa May Alcott Elementary School | 1.9 mi | Public | KG-6 | C+ |
| Immanuel Lutheran School | 2.0 mi | Private | PK-6 | |
| Gateway College And Career Academy | 2.1 mi | Public | 9-12 | D+ |
| Riverside County Regional Occupational Program | 2.1 mi | Public | 9-12 | |
| Riverside County Special Education | 2.1 mi | Public | KG-12 | |
| Riverside County Community | 2.1 mi | Public | 7-12 | D |
| Preschool Grasp | 2.2 mi | Public |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Riverside, CA 92507
| Median Age: | 29.6 |
|---|---|
| Married: | 38% |
| Number of Households: | 19,777 |
| Households with Children: | 31.4% |
Riverside, CA 92507
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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