1480 7th Street, Riverside, CA 92507
22,798 SF multifamily property with recent renovations and rental upside.
- Added:
- Jan 9, 2026
- Days on Market:
- 181
- Last Refresh:
- Mar 19 at 9:32 pm
Property Features for 1480 7th Street
General Information
- Standard status
- Active
- Size
- 22,798 SF
- Lot size
- 0.82 Acres
- Property subtype
- Multifamily
Listing office Kidder Mathews
Listing date Jan 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews
HighLights
- Significant recent renovations to interiors and exteriors.
- Turnkey asset with 10% realistic rental upside.
- Balanced unit mix of 3, 2, and 1 bedroom apartments.
- Separately metered for gas and electric.
- Community laundry rooms and sparkling pool.
- Tuck under and open on‑site parking available.
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $593.7k | $26.04 |
| − Vacancy | −$30.9k | −$1.35 |
| EGI | $562.8k | $24.69 |
| − OpEx | −$253.3k | −$11.11 |
| NOI | $309.5k | $13.58 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.3434207
- Latitude
- 33.9768384
