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3940 University Ave Riverside, CA 92501

$2,150,000 Sold Price as of 10/26/2022
  • -- Beds
  • -- Baths
  • 3,536 Sq.Ft.
Sold
$2,150,000 Sold Price as of 10/26/2022 Refinance Your Mortgage
Map preview of 3940 University Ave, Riverside, CA 92501

Property Overview: 3940 University Ave Riverside, CA has -- bedrooms, -- bathrooms, 3,536 living square feet and 15,681 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 2 restaurants newly renovated and parcelized commercial property located on a busy street. 1 Tenant occupies both restaurants: Carlos Tijuana Tacos and Tennessee Spicy Fried Chicken. The base rent for both is: $9,282.88 with a CAM of: $2,450 per month, for a total of: $11,732.88 per month.

Listed by Fernando Spindola | BRE #01745219 | Platinum Real Estate
Last checked: 13 minutes ago | Last updated: October 26th, 2022 | Source CRMLS | DOM: 0

Home details

Lot Sq. Ft
15,681
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Retail
Status
Sold
MLS#
DW22228701
City
Riverside
County
Riverside
Time on Site
569 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 2
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: --

Property Details for 3940 University Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 215022016
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Off the 91 Freeway Exit the 91 freeway on Mission Inn Avenue and Go West. On Market Street go South and on University Ave. Go West it will be on your South before Chestnut Street.
View more facts & features

Local Riverside Agent

Sale History for 3940 University Ave

Last sold for $2,150,000 on October 26th, 2022

  • October, 2022

  • Oct 26, 2022

    Date

    Sold

    CRMLS: DW22228701

    $2,150,000

    Price

  • Oct 25, 2022

    Date

    Active

    CRMLS: DW22228701

    $2,150,000

    Price

  • June, 2015

  • Jun 2, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2014

  • Oct 17, 2014

    Date

    Sold (Public Records)

    Public Records

    $2,700,000

    Price

Show More

Tax History for 3940 University Ave

Assessed Value (2020): $2,967,131
Year Land Value Improved Value Assessed Value
2020 $1,043,989 $1,923,142 $2,967,131

Home Value Compared to the Market

This property vs the competition

3940 University Ave sold on October 26, 2022 for 218.52% 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 $608.03 per/sqft which puts the price per square foot 63.01% higher than the current median sale per square foot for the city of Riverside.

About 3940 University Ave

Detailed summary of property

3940 University Ave is a retail that recently sold in Riverside, CA 92501. This retail property offered -- bedrooms, -- bathrooms, roughly 3,536 living square feet, and sits on an approximately 15,681 square foot lot. 3940 University Ave was first listed on ArdentRealEstateGroup.com on October 25, 2022. The homeowner sold the property for $2,150,000. 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 218.52% higher than the current median priced home. Local homes that are currently for sale include 1540 South Coast Highway #102, 6568 Westminster Blvd and 482 S Arroyo Parkway #108. 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 3940 University Ave Riverside, CA 92501 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3940 University Ave

Public county record property details
Beds
--
Baths
--
Year built
1979
Sq. Ft.
--
Lot Size
57,934
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
215-022-016

The source for these homes facts are from public records.

92501 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$639,000
Median List Price/Sq.Ft.
$355
Median Sold Price
$580,000
Median Sold Price/Sq.Ft.
$371
Total Inventory
27
Median Sale to List Price %
100.87%
Avg Days on Market
26
Loan Type
Conventional (55.56%), FHA (0%), VA (0%), Cash (22.22%), Other (22.22%)

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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