Back to Search
Property profile & analytics
FOR SALE
Apartment buildings
1480 7Th St Riverside, CA 92507
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2204403
For Sale
1 / 14
$5,595,000
1480 7Th St, Riverside, CA 92507
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
WOOD
Total area
22,576 SF
Lot
0.82 ac (35,719 SF)
Zoning code
R3
APN
250-190-014
UPID
US09-2204403
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Normandy Apartments Apartment Complex
-
Excellence Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.42M
CAP Approach
CAP
$4.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.15M
Owner & transaction history
Jslb Real Estate Hldgs II LLC · 5 yrs held
Jslb Real Estate Hldgs II LLC
since 2020
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
R3 · Riverside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Riverside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Riverside submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,500,000
ML approach
$4,420,000
CAP Approach
CAP Return
Estimation
6%
$5,110,000
6.5%
$4,715,000
7%
$4,380,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,590,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$4.15M
Range $3.73M – $4.56M · ±10% · vs last sale $3.55M (Sep 3 2020)
Last sale anchor
$3.55M
Sep 3 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,365
Tax year 2024
Assessed value
$3,882,439
Assessed 2024
Previous assessed
$3,882,439
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$710,868
Assessed improvement
$3,171,571
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1971
Construction
WOOD
Heating
NONE
Stories
2
Units
25
Total area
22,576 SF
Lot
0.82 ac (35,719 SF)
Zoning code
R3
APN
250-190-014
UPID
US09-2204403
Jurisdiction
RIVERSIDE
Zoning & alternative use
R3 · Riverside, CA
Zoning R3 · permitted uses
R3 · Riverside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Riverside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$6.6M
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
NONE
Stories
2
Units
25
Lot
0.82 ac
Current owner
From public records · entity-resolved
Jslb Real Estate Hldgs II LLC
Entity
Mailing address
3105 E GUASTI RD STE #100, ONTARIO, CA 91761-8641
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2020
—
Jslb Real Estate Hldgs II LLC
Jslb Real Estate Holdings LLC
Quit Claim Deed
related
—
Aug 31, 2020
—
Jslb Real Estate Holdings II L
Jslb Real Estate Holdings LLC
Quit Claim Deed
related
—
May 16, 2019
$3,550,000
Jslb Real Estate Holdings LLC
Pi Properties No 45 LLC
Grant Deed
$2,485,000 · Opus Bank
Jan 27, 2014
$3,694,500
Pi Properties No 45 LLC
Dig University Gardens LLC
Grant Deed
—
Aug 15, 2011
$1,850,000
Dig University Gardens LLC
1480 Seventh Street Apartments
Grant Deed
—
Jul 29, 2010
$1,000,000
1480 Seventh Street Apts LP
Trustee Corps
Trustees Deed
related
—
Oct 3, 2003
—
Ppa Riverside Apartments LLC
Ppa Holdings
Quit Claim Deed
related
$1,000,000 · Macdonald & Kazuko Stearns
Jul 18, 2003
—
Ppa Riverside Apartments LLC
Pacific Property Assets LLC
Grant Deed
related
—
Sep 28, 2001
—
Pacific Property Assets LLC
Oneill,neil & Cecilia
Grant Deed
related
$1,012,500 · Affinity Bank
Jul 9, 1999
$475,487
Norco Enterprises INC
Southwestern Management Svcs
Trustees Deed
—
Dec 11, 1996
$512,500
Southwestern Management Svcs
Western Financial Savings Bank
Grant Deed
related
$410,000 · Western Financial Savings Bank
Sep 23, 1996
$445,000
Western Financial Savings Bank
Cox,robert E & Levara J
Trustees Deed
related
—
Mar 28, 1996
—
Robert J Cox
Cox,robert J Etal
Quit Claim Deed
related
—
Jan 1, 1991
$1,200,000
Robert E Cox
Unknown
Grant Deed
—
—
—
Neil O'neill
—
Deed Of Trust
related
$80,000 · Pitkins Hopkins INC
—
—
Ppa Holdings LLC
—
Deed Of Trust
related
$1,490,625 · East West Bank
—
—
Southwestern Management Svcs
—
Deed Of Trust
related
$400,000 · Individual
—
—
Neil O'neill
—
Deed Of Trust
related
$200,000 · Kathy
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
