22,576 sqft

$5,500,000

1480 7th Street, Riverside CA, 92507

Price per sqft$243.62

Built in1971

Property size22,576 sqft

Property typeCondominium

Bought with Jonathan Mitchell with Kidder Mathews of California, Inc and Listed by Jonathan Mitchell CA DRE# 01227852 with Kidder Mathews of California, Inc [email protected]

Overview

Sold

Closed

Listed Jan 13, 2026

Updated Aug 13

$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.

Additional information

MLS^® ID: OC26008212

Interior Features

Basement: No

Exterior Features

Lot Size: 0.82 Acres

Other Property Details

Maintenance Expense: $25,000
Garage: Yes
55+/Senior Community: No

Bought with Jonathan Mitchell with Kidder Mathews of California, Inc and Listed by Jonathan Mitchell CA DRE# 01227852 with Kidder Mathews of California, Inc [email protected]

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/13/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/13/2026 at 5:21 AM UTC Last Checked: 5:21 AM UTC