9741 Magnolia Ave, Riverside, CA 92503
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9741 Magnolia Ave Riverside, CA 92503

$3,000,000
  • -- Beds
  • -- Baths
  • 13,250 Sq.Ft.
For Sale
$3,000,000 Get Pre-Qualified

Map preview of 9741 Magnolia Ave, Riverside, CA 92503

Property Overview: 9741 Magnolia Ave Riverside, CA has -- bedrooms, -- bathrooms, 13,250 living square feet and 24,394 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: Are you looking for a building in a mature commercial area that maximize your long term investment potential while utilize 13,250 sqft building to run your own business or even rent out in Riverside? Look no more. Your opportunity is here. Free standing, one story building, in corner lot of busiest popular Magnolia street offer 24,394sqft lot size. Excellent exposure for your business due to its good location, nearby regional retailers (Starbuck, Walmart Shopping Center, Lowe"s Plaza, Galleria at Tyler Mall, and fast food restaurants (sonic drive through, McDonald's, or In & Out), easily accessible to corner lot, conveniently to Pedley Metrolink, closer to 91 freeway. The building offer upgrade security parking gate, 1 truck loading roll up door, a warehouse, 1 office and front waiting space area, 2 restrooms, high visible signage. You can access building from both sides (front and rear), many parking spaces on the back parking lot. Per city of Riverside, the zoning has changed to Mixed Use Zones (Neighborhood village Urban) that offer many more extra options for your future development while occupying the building for your own business, rent out, or develop into new opportunity for the Riverside area like group housing (convalescent Homes, SRO's, Alcohol and Drug Treatment Facilities, 6 or fewer occupants etc), hotel, motel, or Hotel/Motel-long term stay with conditional permit per Planning department in Riverside City. Buyer and agents responsible for due all diligent. Listing broker and seller does not responsible for the accuracy of sqft of building, lot size. Sale "AS IS". Information deem to be reliable but not guaranteed.

Listed by LAN TRAN | BRE #01791429 | 1 STOP REALTY LLC
Last checked: 6 minutes ago | Last updated: April 1st, 2024 | Source CRMLS | DOM: 145
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Home details

Lot Sq. Ft
24,394
HOA Dues
$0/mo
Year built
1978
Garage
--
Property Type:
Retail
Status
Active
MLS#
WS23219275
City
Riverside
County
Riverside
Time on Site
152 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
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 9741 Magnolia Ave

Interior Features
Heating Information
  • No Heating
  • None
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Back Yard, Corner Lot, Lot 20000-39999 Sqft, Flag Lot, Paved
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 145280030
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: 10E to 71S take 91E toward Riverside take 56 (turn left); then Right Magnolia. Between Magnolia Avenue and Dykes Lane
View more facts & features

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Sale History for 9741 Magnolia Ave

Last sold for $1,290,000 on January 5th, 2018
  • December, 2023

  • Dec 1, 2023

    Date

    Active

    CRMLS: WS23219275

    $3,000,000

    Price

  • April, 2018

  • Apr 19, 2018

    Date

    Canceled

    CRMLS: SR18045750

    --

    Price

  • Feb 27, 2018

    Date

    Active

    CRMLS: SR18045750

    --

    Price

  • Listing provided courtesy of CRMLS

  • January, 2018

  • Jan 5, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,290,000

    Price

  • October, 2013

  • Oct 4, 2013

    Date

    Sold (Public Records)

    Public Records

    $1,200,000

    Price

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Tax History for 9741 Magnolia Ave

Assessed Value (2020): $1,342,116
Year Land Value Improved Value Assessed Value
2020 $520,200 $821,916 $1,342,116

Home Value Compared to the Market

This property vs the competition

9741 Magnolia Ave is listed 331.04% higher than the median list price for the city of Riverside which has a median list price of $695,990. The median price per/sqft for Riverside is $364 and this home is listed at $226.42 per/sqft which puts the price per square foot 37.8% lower than the median price per square foot for the city of Riverside.

About 9741 Magnolia Ave

Detailed summary of property

9741 Magnolia Ave is a retail located in Riverside, CA 92503 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 13,250 living square feet, and sits on an approximately 24,394 square foot lot. 9741 Magnolia Ave was first listed on ArdentRealEstateGroup.com on December 1, 2023. The homeowner is currently asking $3,000,000. The median priced home in Riverside is $695,990 with a median price per square foot of $364. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 331.04% higher than the median priced home. Local competing homes currently for sale include 8203 Firestone Blvd, 482 S Arroyo Parkway #108 and 3868 E Cesar E Chavez Ave. While the average home in Riverside, CA is selling in 49 days, 9741 Magnolia Ave has a days on market of 145 days. There are currently 652 homes for sale in the Riverside real estate market and 614 of them are single family homes while 33 of them are condos and 5 are townhomes. For more information on this home for sale at 9741 Magnolia Ave Riverside, CA 92503 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 9741 Magnolia Ave

Public county record property details
Beds
--
Baths
--
Year built
1978
Sq. Ft.
--
Lot Size
24,393
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
145-280-030

The source for these homes facts are from public records.

92503 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$700,000
Median List Price/Sq.Ft.
$366
Median Sold Price
$635,000
Median Sold Price/Sq.Ft.
$371
Total Inventory
127
Median Sale to List Price %
99.23%
Avg Days on Market
42
Loan Type
Conventional (63.83%), FHA (17.02%), VA (4.26%), Cash (12.77%), Other (2.13%)

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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.