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3695 Central Ave, Riverside, CA 92506
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3695 Central Ave Riverside, CA 92506

$2,199,000 Sold Price as of 05/04/2022
  • 0 Beds
  • 0 Baths
  • 976 Sq.Ft.
Sold
$2,199,000 Sold Price as of 05/04/2022 Refinance Your Mortgage
Map preview of 3695 Central Ave, Riverside, CA 92506

Property Overview: 3695 Central Ave Riverside, CA has -- bedrooms, -- bathrooms, 976 living square feet and 13,504 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Pleased to present a single tenant absolute NNN leased investment (fee simple interest) occupied by Wienerschnitzel with a lease term through August 31, 2031 in Riverside, California. The Galardi Group signed an original lease in 1988 and has recently negotiated a 10-year extension maintaining their presence a this location for years to come. In addition to extending the lease by 10-years there are 2, fixed 5-year option periods potentially extending the term through August 31, 2041. The subject property includes an approximate 976 SF drive-thru building on a 13,504 SF lot near the intersection of Magnolia Avenue and Central Avenue. This is a one of the kind opportunity to purchase an absolute NNN investment property located in the City of Riverside on a long term, corporate-backed, lease with outstanding operating history.

Listed by Cameron Irons | BRE #01176224 | SVN / Vanguard
Last checked: 12 minutes ago | Last updated: May 4th, 2022 | Source CRMLS | DOM: 13

Home details

Lot Sq. Ft
13,504
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Retail
Status
Sold
MLS#
PW22069905
City
Riverside
County
Riverside
Time on Site
769 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
  • # of Leased Units: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Actual Rent: $90,000
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $90,000
  • Net Operating Income: $90,000
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Personal Property: $0
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Trash: $0
  • Insurance: $0
  • Maintenance: $0
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $0

Property Details for 3695 Central Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 1
  • Parcel Number: 225124015
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: None
Location / Neighborhood
Location Information
  • Directions: West on Central from 91 Freeway
View more facts & features

Local Riverside Agent

Sale History for 3695 Central Ave

Last sold for $2,199,000 on May 4th, 2022

  • May, 2022

  • May 4, 2022

    Date

    Sold

    CRMLS: PW22069905

    $2,199,000

    Price

  • Apr 8, 2022

    Date

    Active

    CRMLS: PW22069905

    $2,199,000

    Price

  • June, 2014

  • Jun 3, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • February, 2014

  • Feb 21, 2014

    Date

    Sold (Public Records)

    Public Records

    $550,000

    Price

Show More

Tax History for 3695 Central Ave

Assessed Value (2021): $402,318
Year Land Value Improved Value Assessed Value
2021 $263,370 $138,948 $402,318

Home Value Compared to the Market

This property vs the competition

3695 Central Ave sold on May 4, 2022 for 225.78% higher than the current median sold price for the city of Riverside which is $675,000. The median sold price per/sqft for Riverside is $373 and this home is sold at $2253.07 per/sqft which puts the price per square foot 504.04% higher than the current median sale per square foot for the city of Riverside.

About 3695 Central Ave

Detailed summary of property

3695 Central Ave is a retail that recently sold in Riverside, CA 92506. This retail property offered -- bedrooms, -- bathrooms, roughly 976 living square feet, and sits on an approximately 13,504 square foot lot. 3695 Central Ave was first listed on ArdentRealEstateGroup.com on April 8, 2022. The homeowner sold the property for $2,199,000. 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 225.78% higher than the current median priced home. Local homes that are currently for sale include 14316 Amar Rd, 6568 Westminster Blvd and 4729 Whittier Blvd. While the average home in Riverside, CA is selling in 48 days, 3695 Central Ave has a days on market of 13 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 3695 Central Ave Riverside, CA 92506 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3695 Central Ave

Public county record property details
Beds
--
Baths
--
Year built
1966
Sq. Ft.
--
Lot Size
13,503
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
11
APN
225-124-015

The source for these homes facts are from public records.

92506 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$740,000
Median List Price/Sq.Ft.
$381
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$365
Total Inventory
109
Median Sale to List Price %
100.01%
Avg Days on Market
31
Loan Type
Conventional (28%), FHA (28%), VA (0%), Cash (28%), Other (16%)

Thinking of Selling?

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(714) 706-1823

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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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