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Riverside, CA

$5,595,000

1480 7th Street, Riverside, CA
1971
Built
113
Days listed

About this home

$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.

Facts & features

Interior
Fireplace
None
Heating
None
Laundry
Common Area
Levels
Two
Exterior & lot
Lot size
0.82 acres (35,719 sq ft)
Pool
Community
Year built
1971
Parking
Assigned
Parking spaces
50
Community
Area
699 - Not Defined
County
Riverside
Community features
Biking, Foothills, Pool
Listing details
Status
Active
Property type
Apartment
Days on market
113
Listed
2026-01-09
Original price
$5,995,000
Terms
Cash, Cash To New Loan
Parcel #
250190014
MLS #
OC26008212
Listed by
Jonathan Mitchell · Kidder Mathews of California, Inc

Location

Price history

Listed
$5,995,000 · 2026-01-09
Price reduced
$5,595,000 (−$400,000)
Days on market
113
Current price
$5,595,000
Financing

Could this home be yours?

Estimated monthly payment
$35,099
$28,291 principal & interest · $6,807 taxes & insurance
$1,119,000
Estimate only
Loan $4,476,000

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Listing data provided by CRMLS

Listing courtesy of Kidder Mathews of California, Inc. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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