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$450,000

Beds
Unknown
sq ft
Unknown

577 W La Cadena Dr, Riverside, CA 92501

577 W La Cadena Dr

Riverside, CA 92501

  • 11 days on market
Huge investment opportunity located close to Downtown in the beautiful city of Riverside. This commercial zoned property has tons of potential for your future business! This property is currently generating income with a huge billboard on the corner of the lot. Property includes a 950 sq. ft. 2b1b building, a 1b1b 426 sq. ft. ADU and a huge shop. Perfect property to fix up and lease out to other businesses or to fix up for your own business. Property is in the process of getting building permits which may be transferred to the new owner which will save you thousands of dollars! Can also be used for Truck parking, the potential is limitless. Call today!

Details

Property type

Mixed Use

Est. home value

$498,279

Lot size

0.23 acres

Price per sq ft

Unknown

Year built

1936

Price History

11/08/2024
CRMLS

CRMLS #CV24230857

Listed
$450,000
+30.43%
03/18/2024
CRMLS

CRMLS #SW23184813

Sold
$345,000
-8%
01/25/2024
CRMLS

CRMLS #SW23184813

Pending
$375,000

Schools & Community

Neighborhood: 

Northside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Zince Financial Inc

Loan start date

January 2024

Original loan amount

$321,500

Est. remaining balance

Not provided

Interest rate

7.29%

Loan type

Building or Construction Loan, 1 year

Seller

Angelyna & Brothers Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 6:50 AM

Listing updated: 11/15/2024 at 1:54 PM

Listed by: Gary Nickels, KELLER WILLIAMS REALTY Phone #: (909) 793-2100

MLS: CRMLS #CV24230857

CRMLS logo

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