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1223 University Ave #120, Riverside, CA 92507
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1223 University Ave #120 Riverside, CA 92507

$88,000 Sold Price as of 08/05/2021
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$88,000 Sold Price as of 08/05/2021 Refinance Your Mortgage
Map preview of 1223 University Ave #120, Riverside, CA 92507

Property Overview: 1223 University Ave #120 Riverside, CA has -- bedrooms, -- bathrooms, -- living square feet and -- square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This restaurant is a rare find opportunity in University Village of city of Riverside. Convenient location, Great location, Money Making location at the entrance of Plaza. The restaurant currently offers eclectic menu with unique noodle cuisine that receives rave reviews from patrons. The contemporarily designed ambiance provides dining and entertainment pleasure attracting steady customers. This restaurant location is close to 215 Fwy and at the entrance of the Plaza. High visibility from inside and out. Excellent location with plenty of street and plaza parking spaces and foot traffic. 46-seat capacity with two restrooms, large kitchen, huge parking lot. City permits and licenses are up to date. Anchor businesses are Regency University Village 10, Denny's, Ramen Okawari, 7 Leaves Cafe, GameStop, Yoshinoya, Del Taco, Flame Broiler and etc. Sale includes all FF&E. This is a truly unique opportunity to step into a steady and busy turn-key restaurant setting. Restaurant may be converted to different concept with landlord's approval. This sale is well priced and represents a real value. Call today for more information.

Listed by ARTHUR HUANG | BRE #01856494 | Pinnacle Real Estate Group
Last checked: 16 minutes ago | Last updated: September 29th, 2021 | Source CRMLS | DOM: 289

Home details

Lot Sq. Ft
--
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Business
Status
Sold
MLS#
WS20189600
City
Riverside
County
Riverside
Time on Site
1342 days

Property Details for 1223 University Ave #120

Location / Neighborhood
Location Information
  • Directions: Exit on University Ave from 215 Fwy
View more facts & features

Local Riverside Agent

Sale History for 1223 University Ave #120

Last sold for $88,000 on August 5th, 2021

  • July, 2023

  • Jul 5, 2023

    Date

    Expired

    CRMLS: WS22149257

    $69,000

    Price

  • Jul 8, 2022

    Date

    Active

    CRMLS: WS22149257

    $99,000

    Price

  • Listing provided courtesy of CRMLS

    *Restaurant Name: Bao Culture *University Village Riverside, Anchor Tenants: Regency University Village 10, Cravin' Crab Haus, Manna Grill, Ph? Vinam, 7 Leaves Cafe, Denny's, Sharetea, Hotties Fried Chicken, Kimchichanga, 88 Korean Corn Dog, Ramen Okawari, Frice Szechuan Restaurant, Jersey Mike's Subs, Flame Broiler and etc. *Restaurant may convert to a different concept with the landlord's approval. *45-Seat Capacities. Lease expiration is Sept 2025. *2 Restrooms, Capable for Beer & Wine license *Open Ceiling, Bright Natural Light Inside & Out, Plaza parking lot with validation *Grease interceptor, 24+ feet wide hood, Big kitchen, 1 Walk-in Freezer *Lots storage spaces, Large preparation area, Office Space *Average monthly gross sales is approximately $40,000 with 2 F.T. & 5 P.T. Employees *Asset Sale. Trade name may include in sale.

  • August, 2021

  • Aug 6, 2021

    Date

    Sold

    CRMLS: WS20189600

    $88,000

    Price

  • Jul 26, 2021

    Date

    Pending

    CRMLS: WS20189600

    $108,000

    Price

  • Jun 26, 2021

    Date

    Active

    CRMLS: WS20189600

    $108,000

    Price

  • Jun 7, 2021

    Date

    Hold

    CRMLS: WS20189600

    $108,000

    Price

  • Apr 15, 2021

    Date

    Active

    CRMLS: WS20189600

    $108,000

    Price

  • Apr 5, 2021

    Date

    Hold

    CRMLS: WS20189600

    $108,000

    Price

  • Oct 22, 2020

    Date

    Price Change

    CRMLS: WS20189600

    $108,000

    Price

  • Sep 11, 2020

    Date

    Active

    CRMLS: WS20189600

    $128,000

    Price

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Tax History for 1223 University Ave #120

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1223 University Ave #120 sold on August 5, 2021 for 84% lower than the current median sold price for the city of Riverside which is $675,000.

About 1223 University Ave #120

Detailed summary of property

1223 University Ave #120 is a business that recently sold in Riverside, CA 92507. This business offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately -- square foot lot. 1223 University Ave #120 was first listed on ArdentRealEstateGroup.com on September 11, 2020. The homeowner sold the property for $88,000. Home in Riverside are selling for a median price of $675,000 and a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 84% lower than the current median priced home. Local homes that are currently for sale include 18120 Brookhurst St #53, 9430 Warmer #L and 7212 Orangethorpe Ave #5. While the average home in Riverside, CA is selling in 48 days, 1223 University Ave #120 has a days on market of 289 days. There are currently 681 homes for sale in the Riverside real estate market and 631 of them are single family homes while 44 of them are condos and 6 are townhomes. For more information on this home for sale at 1223 University Ave #120 Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 1223 University Ave #120

Public county record property details
Beds
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Baths
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Year built
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Sq. Ft.
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Lot Size
--
Stories
--
Type
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Pool
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Spa
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County
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Lot#
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APN
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The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$670,990
Median List Price/Sq.Ft.
$362
Median Sold Price
$699,000
Median Sold Price/Sq.Ft.
$334
Total Inventory
129
Median Sale to List Price %
100%
Avg Days on Market
35
Loan Type
Conventional (63.16%), FHA (10.53%), VA (0%), Cash (13.16%), Other (10.53%)

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Recently Sold Homes Near 1223 University Ave #120

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$60,000 Last Sold Price
-- Beds
-- Baths
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$807,000 Last Sold Price
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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