1261 Center St, Riverside, CA 92507
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1261 Center St Riverside, CA 92507

$525,000
  • 4 Beds
  • 4 Baths
  • 1,260 Sq.Ft.
Pending
$525,000 Get Pre-Qualified

Map preview of 1261 Center St, Riverside, CA 92507

Property Overview: 1261 Center St Riverside, CA has 4 bedrooms, 4 bathrooms, 1,260 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This is a very VERSATILE OPPORTUNITY as this property is zoned Commercial Office (CO) or can be a legal nonconforming Residential Use for people looking for a home with a back unit for guests or extended family members. Perhaps a live and work unit? The front House has 2 bedrooms, 1.5 bathrooms, and open living area with bonus entrance room which can be used as an office or bonus area. The home has been FULLY REMODELED with new paint, new tile flooring, ALL NEW BATHROOMS, and NEW KITCHEN. The back unit was a garage that has been converted to two separate rooms with an area for kitchenette, and an overhead shaded patio area. There are currently plumbing connections within a portion of the wall if you wanted to add a bathroom and convert into a FULL ADU for rental income! Or, just use as it currently sits which is a HOME OFFICE with guest bedroom for live in/work units. The yard in the back is very spacious and presents an opportunity to expand the back unit into a larger home. The property has also been UPGRADED TO ALL NEW PVC PLUMBING. Most of the fencing surrounding the lot is also brand new, and aesthetically pleasing as shown in photos. For Commercial Business Users, this property is also ideally located just seconds from the 215 FWY Offramp, and has approximately 17,000+ Cars Per Day along Center St, making for great visibility for potential customers. Local New Developments Include: Pulte Homes is poised to build a proposed 846 NEW HOMES (Summit Canyon), and a proposed new Shopping Center called the HIGHGROVE TOWN CENTER just up on Center St. In addition, KB HOMES HAS ALREADY BEGUN their ambitious 785-acre master-planned community to construct approximately 1,400+ Upscale Homes, all of which are residents whom must drive by this subject property to get to Mt Vernon. Now is your time to Invest into the Path of Progress, and get in one one special property that can only go up from here. Buyer must verify any and all marketing information to satisfy themselves. Listing Agent and Seller provide no warranties as to the exact square footage and year built of property. Buyers and Buyer's agents to satisfy themselves.

Listed by Robert Mendez | BRE #01971883 | Realty Masters & Associates
Last checked: 1 minute ago | Last updated: May 13th, 2024 | Source CRMLS | DOM: 9
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Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Office
Status
Pending
MLS#
IG24086407
City
Riverside
County
Riverside
Time on Site
16 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1261 Center St

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • Gas & Electric Dryer Hookup
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 247042014
  • Year Built Source: Seller
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Exit 215 FWY on Center St, property will be on left handside after crossing intersection of Iowa Ave and Center St.
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Sale History for 1261 Center St

View property's historical transactions
  • May, 2024

  • May 13, 2024

    Date

    Pending

    CRMLS: IG24086407

    $525,000

    Price

  • Apr 30, 2024

    Date

    Active

    CRMLS: IG24086407

    $525,000

    Price

Tax History for 1261 Center St

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

1261 Center St is listed 23.91% lower than the median list price for the city of Riverside which has a median list price of $689,990. The median price per/sqft for Riverside is $367 and this home is listed at $416.67 per/sqft which puts the price per square foot 13.53% higher than the median price per square foot for the city of Riverside.

About 1261 Center St

Detailed summary of property

1261 Center St is a office located in Riverside, CA 92507 and is currently in escrow to be sold. This office offers 4 bedrooms, 4 bathrooms, roughly 1,260 living square feet, and sits on an approximately 7,405 square foot lot. 1261 Center St was first listed on ArdentRealEstateGroup.com on May 1, 2024. The homeowner is currently asking $525,000. The median priced home in Riverside is $689,990 with a median price per square foot of $367. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 23.91% lower than the median priced home. While the average home in Riverside, CA is selling in 48 days, 1261 Center St has a days on market of 9 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 1261 Center St Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 1261 Center St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

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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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.