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1480 7th St
Riverside, CA 92507 University

$5,995,000 USD

Apartments For Sale  •  20,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 22,576 SF
  • Lot Size 0.82 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 5.35 %
  • Zoning R3, Riverside
43 Transit Score
78 Walk Score

Highlights

Balanced unit mix of 3, 2 & 1 bedroom units
Recent capital improvements including newer roof, exterior paint, new asphalt, new secure gated access & select newly renovated interiors
Less than 1.5 miles from 91 & 215 freeways
±1 mile to University of California, Riverside
10% realistic rental upside
18 of 25 units have been completely rehabbed with new flooring, windows, cabinets, stove, microwave, countertops, sink, toilet, vanity & shower

Property Flyers

Financial Summary (Actual)

Net Operating Income: $320,669 USD (2025)
Cap Rate: 5.35 %
Total Expenses: $225,806 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Laundry Facilities
  • Microwave
  • Ceiling Fans
  • Refrigerator
  • Tub/Shower
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
4 min - 2.0 mi
Riverside-Downtown (91 Line - Southern California Regional Rail Authority (Metrolink), Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.2 mi
AirportDriveWalkDistance
Ontario International 26 min - 19.0 mi
John Wayne/Orange County 55 min - 44.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Jonathan Mitchell 714-337-8405 Kidder Mathews
Jonathan Mitchell 714-337-8405 Kidder Mathews