Huge investment opportunity located close to Downtown in the beautiful city of Riverside. This NSP-FMU zoned property has tons of mixed use potential for Residential and Commercial applications.This property is currently generating income with a huge billboard on the corner of the lot. Property includes a 950 sq. ft. 2b1b building, a 1b1b 426 sq. ft. ADU and a huge shop. Perfect property to fix up and lease out to other businesses or to fix up for your own business. Property is in the process of getting building permits which may be transferred to the new owner which will save you thousands of dollars! Can also be used for Truck parking, the potential is limitless. Call today!
Sold for $340,000
Listing Provided by:
Gary Nickels DRE #02059145 9512270068,
KELLER WILLIAMS REALTY,
JOHN FOX DRE #02083482,
KELLER WILLIAMS REALTY
Bought with: KELLER WILLIAMS REALTY
$340,000
577 W La Cadena Dr, Riverside, CA 92501
6beds
--baths
1,406sqft
Mixed Use
Built in 1936
-- sqft lot
$332,800 Zestimate®
$242/sqft
$2,251 Estimated rent
Home value
$332,800
$300,000 - $369,000
$2,251/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: February 20, 2025 at 07:48pm
Listing Provided by:
Gary Nickels DRE #02059145 9512270068,
KELLER WILLIAMS REALTY,
JOHN FOX DRE #02083482,
KELLER WILLIAMS REALTY
Bought with:
Gary Nickels, DRE #02059145
KELLER WILLIAMS REALTY
Source: CRMLS,MLS#: CV24230857
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Heating
- None
Appliances
- Laundry: None
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,406
- Total interior livable area: 1,406 sqft
Property
Parking
- Total spaces: 6
- Uncovered spaces: 6
Features
- Entry location: Front
- Pool features: None
Lot
- Size: 10,019 sqft
- Features: 2-5 Units/Acre, Corner Lot
Details
- Parcel number: 246181017
- Zoning: NSP-FMU
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
Condition
- New construction: No
- Year built: 1936
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Urban
Location
- Region: Riverside
Other
Other facts
- Listing terms: Cash,FHA 203(b),FHA 203(k)
Price history
| Date | Event | Price |
|---|---|---|
| 2/20/2025 | Sold | $340,000-1.4%$242/sqft |
Source:  CRMLS #CV24230857 Report a problem | ||
| 3/18/2024 | Sold | $345,000$245/sqft |
Source: CRMLS #SW23184813 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,968 +1.9% | $351,900 +0.6% |
| 2024 | $3,893 +359.9% | $349,964 +351.7% |
| 2023 | $846 +2% | $77,479 +2% |
Find assessor info on the county website
Neighborhood: Northside
Nearby schools
GreatSchools rating
- 6/10Highgrove Elementary SchoolGrades: K-6Distance: 1.2 mi
- 6/10University Heights Middle SchoolGrades: 7-8Distance: 1.7 mi
- 5/10John W. North High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$332,800