3796 San Rafael Way, Riverside, CA 92504
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3796 San Rafael Way Riverside, CA 92504

$600,000 Sold Price as of 02/29/2024
  • -- Beds
  • -- Baths
  • 3,194 Sq.Ft.
Sold
$600,000 Sold Price as of 02/29/2024 Refinance Your Mortgage

Map preview of 3796 San Rafael Way, Riverside, CA 92504

Property Overview: 3796 San Rafael Way Riverside, CA has -- bedrooms, -- bathrooms, 3,194 living square feet and 7,405 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present a unique and exceptional opportunity in the healthcare industry: a fully equipped medical office practice and business operations. This medical facility boasts an expansive 3,194 sq ft of prime commercial space, thoughtfully designed to cater to the needs of medical professionals. Located at an enviable position in Riverside, California, this property offers not only an excellent investment opportunity but also the potential to serve as a thriving medical practice for years to come. The medical building is characterized by its strategic placement, nestled ideally between the highly regarded Riverside Community Hospital and Parkview Hospital. This prime location not only enhances visibility and accessibility but also underscores its desirability among both patients and medical practitioners. In addition to its strategic positioning, the property features ample parking with 13 dedicated spaces, ensuring convenience for both staff and patients. Inside, the facility is thoughtfully designed to optimize patient care and practitioner efficiency. The space boasts seven examination rooms, two spacious patient waiting areas, and a welcoming reception area. Furthermore, it offers three well-maintained restrooms, ensuring convenience for everyone. The demographics in the immediate vicinity of the property are particularly appealing for a medical practice. Within a one-mile radius, the average household income stands at a robust $82,853, while extending to a three-mile radius increases the average household income to $91,433. These favorable demographics suggest a steady stream of potential patients seeking medical services. Dr. Mukergee, the current owner, has been dedicatedly serving the community for over three decades, establishing a robust and loyal patient base. Notably, the practice enjoys a steady cash flow, underpinned by a diverse patient demographic that continues to grow. This represents an excellent opportunity for an aspiring medical professional or an investment-minded buyer to seamlessly take over an established and thriving medical practice. This medical office practice sale represents an outstanding opportunity to acquire a turnkey medical facility in a highly sought-after location, with established patient base and impressive financial prospects. Don't miss the chance to make your mark in the healthcare industry with this exceptional offering.

Listed by VINOD DESAR | BRE #01899239 | BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Last checked: 7 seconds ago | Last updated: March 1st, 2024 | Source CRMLS | DOM: 72

Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1954
Garage
--
Property Type:
Business
Status
Sold
MLS#
IV23165465
City
Riverside
County
Riverside
Time on Site
380 days

Virtual Tour

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Property Details for 3796 San Rafael Way

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 230131005
  • Year Built Source: Assessor
Location / Neighborhood
Location Information
  • Directions: From 91 Fwy Exit on Madison st, Head North on Madison, East on Magnolia and property is on right side. AKA 7392 Magnolia Ave, Riverside Ca
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Sale History for 3796 San Rafael Way

Last sold for $998,000 on February 29th, 2024
  • February, 2024

  • Feb 29, 2024

    Date

    Sold

    CRMLS: IV23165816

    $998,000

    Price

  • Sep 5, 2023

    Date

    Active

    CRMLS: IV23165816

    $998,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present a unique and exceptional opportunity in the healthcare industry: a fully equipped medical office practice, price includes the real estate and for business operations listed at $1,400,000 refer to MLS #IV23165465. This medical facility boasts an expansive 3,194 sq ft of prime commercial space, thoughtfully designed to cater to the needs of medical professionals. Located at an enviable position in Riverside, California, this property offers not only an excellent investment opportunity but also the potential to serve as a thriving medical practice for years to come. The medical building is characterized by its strategic placement, nestled ideally between the highly regarded Riverside Community Hospital and Parkview Hospital. This prime location not only enhances visibility and accessibility but also underscores its desirability among both patients and medical practitioners. In addition to its strategic positioning, the property features ample parking with 13 dedicated spaces and ample street parking. Inside, the facility is thoughtfully designed to optimize patient care and practitioner efficiency. The space boasts seven examination rooms, two spacious patient waiting areas, and a welcoming reception area. Furthermore, it offers three well-maintained restrooms, ensuring convenience for patients and staff alike. The demographics in the immediate vicinity of the property are particularly appealing for a medical practice. Within a one-mile radius, the average household income stands at a robust $82,853, while extending to a three-mile radius increases the average household income to $91,433. These favorable demographics suggest a steady stream of potential patients seeking medical services. Dr. Mukergee, the current owner, has been dedicatedly serving the community for over three decades, establishing a robust and loyal patient base. Notably, the practice enjoys a steady cash flow, underpinned by a diverse patient demographic that continues to grow. This represents an excellent opportunity for an aspiring medical professional or an investment-minded buyer to take over an established and thriving medical practice. This medical office practice sale represents an outstanding opportunity to acquire a turnkey medical facility in a highly sought-after location, with established patient base and impressive financial prospects. Don't miss the chance to make your mark in the healthcare industry with this exceptional offering.

  • February, 2024

  • Feb 29, 2024

    Date

    Sold

    CRMLS: IV23165465

    $600,000

    Price

  • Sep 5, 2023

    Date

    Active

    CRMLS: IV23165465

    $2,398,000

    Price

  • November, 1993

  • Nov 24, 1993

    Date

    Sold (Public Records)

    Public Records

    $366,000

    Price

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Tax History for 3796 San Rafael Way

Assessed Value (2020): $284,378
Year Land Value Improved Value Assessed Value
2020 $93,234 $191,144 $284,378

Home Value Compared to the Market

This property vs the competition

3796 San Rafael Way sold on February 29, 2024 for 115.38% higher than the current median sold price for the city of Riverside which is $650,000. The median sold price per/sqft for Riverside is $389 and this home is sold at $438.32 per/sqft which puts the price per square foot 12.68% higher than the current median sale per square foot for the city of Riverside.

About 3796 San Rafael Way

Detailed summary of property

3796 San Rafael Way is a business that recently sold in Riverside, CA 92504. This business offered -- bedrooms, -- bathrooms, roughly 3,194 living square feet, and sits on an approximately 7,405 square foot lot. 3796 San Rafael Way was first listed on ArdentRealEstateGroup.com on September 5, 2023. The homeowner sold the property for $600,000. Home in Riverside are selling for a median price of $650,000 and a median price per square foot of $389. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 115.38% higher than the current median priced home. Local homes that are currently for sale include 4133 Anaheim St. While the average home in Riverside, CA is selling in 53 days, 3796 San Rafael Way has a days on market of 72 days. There are currently 791 homes for sale in the Riverside real estate market and 727 of them are single family homes while 55 of them are condos and 9 are townhomes. For more information on this home for sale at 3796 San Rafael Way Riverside, CA 92504 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3796 San Rafael Way

Public county record property details
Beds
--
Baths
--
Year built
1954
Sq. Ft.
1,587
Lot Size
7,405
Stories
1
Type
Commercial (General)
Pool
Yes
Spa
No
County
Riverside
Lot#
21
APN
230-131-005

The source for these homes facts are from public records.

92504 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$677,000
Median List Price/Sq.Ft.
$393
Median Sold Price
$630,000
Median Sold Price/Sq.Ft.
$425
Total Inventory
93
Median Sale to List Price %
98.44%
Avg Days on Market
30
Loan Type
Conventional (33.33%), FHA (30.3%), VA (0%), Cash (21.21%), Other (15.15%)

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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.