Alta Realty Group Ca, Inc.
Liane Thomas, Alta Realty Group Ca, Inc.Phone: (951) 454-3805
Email: Liane@TheJetTeam.com
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listing
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Residential IncomeFor Sale
$5,150,000
1480 7th Street
Riverside, CA 92507
Listed by Mark Bridge DRE#01316702 Mark.Bridge@cushwake.com Mark Bridge, Broker
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$26,683/mo

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.

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Information courtesy of Mark Bridge, Broker is subject to verification and is not guaranteed.
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