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Millman Team Real Estate

$5,595,000
0.82 Acre Lot

1480 7th Street, Riverside, California 92507

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1971 Year Built
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.

Basic Details
Residential Income
For Sale
OC26008212
$5,595,000
1971
0.82 Acre
Active Under Contract
1
Apartment
Features
: Community
: None
: None
: Assigned
: Common Area
: Public Sewer
$0
Address Map
CA
Riverside
Riverside
92507
7th
1480
Street
W118° 39' 23.7''
N33° 58' 36.5''
1 mile east of 91 Fwy & University
699 - Not Defined
Additional Information
$0
$0
$0
$0
$0
22576
: Biking, Pool, Foothills
1
25.0
: Two
: 21-25 Units/Acre
25
2026-01-13
5995000
2
2
: Public
Broker/Agent Information
Kidder Mathews of California, Inc
Jonathan Mitchell
Listing Information
SMITCJON
OC07007
Cash, Cash to New Loan
Active Under Contract
2026-07-29T20:15:47Z
CRMLS
: Standard
2026-07-29T13:04:57Z
Agent info
Ray Millman
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