1480 7th ST, Riverside, CA 92507

$5,500,000

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Listed by Jonathan Mitchell, from Kidder Mathews of California, Inc
(If provided) CoList: from

Sold listing courtesy of Jonathan Mitchell from

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Sold Price: $5,500,000
List Price: $5,595,000
Closing Date: Aug 11, 2026
MLS#: CROC26008212
Status: SOLD
Lot Size: 35,719
Listing Area: 699 - Not Defined
Year Built: 1971

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Property Description

$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 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.

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Additional Information

Garage Parking: Assigned Spaces
Heating System: No Heating
Laundry Facilities: Laundry Area, Washer/Dryer - Leased, Community Facility
Lot Size: 35,719
Neighborhood: 699 - Not Defined
Pool Description: Community Facility
Unincorporated Yn: Yes

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.