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.
Property Details
Property Features
Property Information:
Year Built: 1971
Stories: 2
Listing Office:
Office Name: Mark Bridge, Broker
Office Email: Mark.Bridge@cushwake.com
Listing Agent: Mark Bridge
Exterior Features
Exterior Information:
Private Pool: Yes
Parking Information:
Parking: Assigned, Covered
Lot Features
Lot Information:
Lot Size: 0.82 Acres
Utilities
Utilities Information:
Heating: None
Other
Directions Information:
Directions: Head North on Iowa Ave, Left onto University Ave, Right onto Cranford Ave, then a Right onto 7th St. Property will be on your Right
Price Information
Listing Price Info
Price Summary:
List Price: $5,150,000
Tax Information:
Annual Amount: $41,383
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Riverside, CA.
This property is $4.4M more than the Median Sold Price in Riverside, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24233882
Listing Office:
Office Name: Mark Bridge, Broker
Office Email: Mark.Bridge@cushwake.com
Listing Agent: Mark Bridge
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 8:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 27, 2014
Jan 27, 2014Home Sold
$3,694,500
Aug 15, 2011
Aug 15, 2011Home Sold
$1,850,000
Jul 29, 2010
Jul 29, 2010Home Sold
$1,000,000
Jul 09, 1999
Jul 09, 1999Home Sold
$475,487
Jan 01, 1991
Jan 01, 1991Home Sold
$1,200,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$41,383
$3,875,000
2020
$41,383
$3,621,000
2018
$24,571
$2,117,029
2017
$22,621
$2,075,519
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Reach Leadership Steam Academy
3422 Rustin Ave
Distance between this listing and this school0.58 miles
Public Charter Grades KG-6
3
/10
Longfellow Elementary School
3610 Eucalyptus Ave
Distance between this listing and this school0.92 miles
Public District Grades KG-6
4
/10
Emerson Elementary School
4660 Ottawa Ave
Distance between this listing and this school0.93 miles
Public District Grades KG-6
Nearby Schools
4
/10
University Heights Middle School
1155 Massachusetts Ave
Distance between this listing and this school0.85 miles
Public District Grades 7-8
4
/10
Central Middle School of Arts and Innovation
4795 Magnolia Ave
Distance between this listing and this school2.46 miles
Public District Grades 7-8
5
/10
Matthew Gage Middle School
6400 Lincoln Ave
Distance between this listing and this school3.30 miles
Public District Grades 7-8
Nearby Schools
5
/10
John W. North High School
1550 3rd St
Distance between this listing and this school0.39 miles
Public District Grades 9-12
2
/10
Abraham Lincoln Continuation
4341 Victoria Ave
Distance between this listing and this school1.38 miles
Public District Grades 9-12
9
/10
Riverside STEM Academy
4466 Mt Vernon Ave
Distance between this listing and this school1.85 miles
The neighbors living near this home have an average income of $35,000. The most common annual income of people living in Riverside, CA is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1480 7th St
What is the listing price of this property?
The listing price of 1480 7th St property is $5,150,000.
What type of property is this?
The property 1480 7th St is a condo located in Riverside, California, 92507.
Is this property for sale now?
Active Listing: 1480 7th St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $41,383 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 27, 2014 for $3,694,500. (source: MLS/tax record).
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This home is located at 1480 7th St in Riverside, CA and zip code 92507 in the University - Riverside neighborhood. This home, which was built in 1971, sits on a 0.82 acre lot. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $5,150,000.
Over 64 listings were sold over their listed price in November 2024 in Riverside, CA. In the same period over 62 listings were sold below the listed price and 38 listings were sold for the listed price. The inventory of homes for sale in Riverside, CA between October 2024 and November 2024 decreased by 8.3%. While the average time on the market in November 2024 was 38 days, the median list price was $655,046.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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