1480 7th Street Riverside, CA ^$ 5,995,000

1480 7th Street

^$ 5,995,000

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1480 7th Street

Riverside, CA, 92507

^$ 5,995,000

Studio Baths1.0 Sq 22,576

Monthly Estimate*

^$ 36,912

Listed by Kidder Mathews of California, Inc

1480 7th Street, Riverside, CA 92507 - Image 1

1480 7th Street, Riverside, CA 92507 - Image 2

1480 7th Street, Riverside, CA 92507 - Image 3

1480 7th Street, Riverside, CA 92507 - Image 4

1480 7th Street, Riverside, CA 92507 - Image 5

1480 7th Street, Riverside, CA 92507 - Image 6

1480 7th Street, Riverside, CA 92507 - Image 7

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Studio

Multi-Family Home for sale in Riverside, CA

for $5,995,000 with 1 full bath. This 22,576 square foot home was built in 1971 on a lot size of 0.82.

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.

Multi-Family Active

Price

^$ 5,995,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.82

Year Built

1971

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

OC26008212

Days on Market

Features

General

Sewer Public Sewer

Heating None

HOA Fee 0

Garage Spaces 25

Pool Features Community

Year Built 1971

Tenant Pays Cable TV Electricity Gas

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 1488

Community Features Biking Foothills Pool

County Riverside

Net Operating Income 320669

Operating Expense 255806

Insurance Expense 13208

New Construction false

Property Type Residential Income

HOA false

MaintenanceExpense 25000

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions 1 mile east of 91 Fwy & University

City Riverside

Entry Location Street

Senior Community Y/N false

Open Parking Spaces 25

Number Of Units Total 25

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 35719

Number of Units Leased 25

Listing Terms Cash Cash to New Loan

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 3649

Trash Expense 7372

Water Sewer Expense 9783

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Public Records

Tax Lot 59

Total Actual Rent 46236

Property Sub Type Additional Apartment

Taxes 66989

Cap Rate 5.4

Interior

Fireplace Features None

Total Stories 2

Common Walls 2+ Common Walls

Heating Y/N false

Fireplace Y/N false

Laundry Features Common Area

Entry Level 1

Exterior

Parking Features Assigned

Lot Features 21-25 Units/Acre

Water Source Public

Total Parking 50

Lot Size Area 35719

Number of Buildings 1

Building Area Total 22576

Lot Size Acres 0.82

Private Pool false

Lot Size Source Assessor

Pool Charge 17001

Number of Separate Water Meters 1

Number of Separate Gas Meters 25

Number of Separate Electric Meters 25

* Excluded Features

List By

Kidder Mathews Of California, Inc

Broker

jon.mitchell@kidder.com

Affordability Calculator

$36,912

Per Month

Monthly Principal & Interest: $36,912
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Riverside, CA

Average List Price ^$1,670,813

Percent of Sale Price 72%

About Riverside, CA

322,488 Population

25% Since 2002

^$60,101 Median Income

32.82 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/13/2026	$5,995,000		Listed Price

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1480 7th Street, Riverside, CA, 92507 is a Multi-Family Home for sale at $5,995,000 with 22,576 sqft and a lot size of 0.82. 1480 7th Street is a studio with 1.0 baths and was built in 1971. The property's zip code is 92507 which is in Riverside, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 1/16/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1480 7th Street

Multi-Family Home for sale in Riverside, CA

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