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1261 Center Street, Riverside, CA 92507
$525,000 Sale Pending
1261 Center Street, Riverside, CA 92507View this property at 1261 Center Street, Riverside, CA 92507
1261 Center StreetRiversideCA92507
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Property Description
This is a very VERSATILE OPPORTUNITY as this property is zoned Commercial Office (CO) or can be a legal nonconforming Residential Use for people looking for a home with a back unit for guests or extended family members. Perhaps a live and work unit? The front House has 2 bedrooms, 1.5 bathrooms, and open living area with bonus entrance room which can be used as an office or bonus area. The home has been FULLY REMODELED with new paint, new tile flooring, ALL NEW BATHROOMS, and NEW KITCHEN. The back unit was a garage that has been converted to two separate rooms with an area for kitchenette, and an overhead shaded patio area. There are currently plumbing connections within a portion of the wall if you wanted to add a bathroom and convert into a FULL ADU for rental income! Or, just use as it currently sits which is a HOME OFFICE with guest bedroom for live in/work units. The yard in the back is very spacious and presents an opportunity to expand the back unit into a larger home. The property has also been UPGRADED TO ALL NEW PVC PLUMBING. Most of the fencing surrounding the lot is also brand new, and aesthetically pleasing as shown in photos. For Commercial Business Users, this property is also ideally located just seconds from the 215 FWY Offramp, and has approximately 17,000+ Cars Per Day along Center St, making for great visibility for potential customers. Local New Developments Include: Pulte Homes is poised to build a proposed 846 NEW HOMES (Summit Canyon), and a proposed new Shopping Center called the HIGHGROVE TOWN CENTER just up on Center St. In addition, KB HOMES HAS ALREADY BEGUN their ambitious 785-acre master-planned community to construct approximately 1,400+ Upscale Homes, all of which are residents whom must drive by this subject property to get to Mt Vernon. Now is your time to Invest into the Path of Progress, and get in one one special property that can only go up from here. Buyer must verify any and all marketing information to satisfy themselves. Listing Agent and Seller provide no warranties as to the exact square footage and year built of property. Buyers and Buyer's agents to satisfy themselves.
Full Property Details
Full Property Details for 1261 Center St
General
- Price: $525,000
- Status: Pending
- Type: Office
- MLS ID: IG24086407
- Updated: 5/13/2024
- Added to Site: 27 day(s) ago
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Gas & Electric Dryer Hookup
Location
- County: Riverside
- Driving Directions: Exit 215 FWY on Center St, property will be on left handside after crossing intersection of Iowa Ave and Center St.
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
Structural Information
- # Buildings: 2
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 1260
- Square Feet: 1,260
- Year Built: 1954
- Year Built Source: Seller
Lot Features
- Lot Size (Acres): 0.17
- Useable Acres: .17
- Lot Size (Sq. Ft.): 7,405
- Lot Size Source: Assessor
- Lot Features: Back Yard
- Lot Description: Back Yard
Financial Considerations
- Price Per Sq. Ft.: $416
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Investment: Yes
- Property ID: 247042014
Listed by Realty Masters & Associates, RobertMendez
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Schools
Schools serving 1261 Center St
School District:Riverside Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
690 Center St, Riverside, CA 92507 | K-6 | 0.8 mi | |
1155 Massachusetts Ave, Riverside, CA 92507 | 7-8 | 2 mi | |
1550 3rd St, Riverside, CA 92507 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1261 Center St
Date
Details
Price
Change
Source
4/30/2024
Listed
$525,000
581.82%
MLS
9/01/1989
Sold
$77,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1261 Center St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,651
2%
$136,113
2%
2022
$1,621
2%
$133,445
2%
2021
$1,593
1%
$130,829
1%
2020
$1,582
2%
$129,488
2%
2019
$1,554
2%
$126,950
2%
2018
$1,526
2%
$124,462
2%
2017
$1,501
6%
$122,022
2%
2016
$1,411
1%
$119,630
2%
2015
$1,394
1%
$117,835
2%
2014
$1,382
—
$115,528
—
2013
$1,376
—
$115,008
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1261 Center St
1261 Center Street, Riverside, CA 92507 (MLS# IG24086407) is a Office property. 1261 Center Street is currently listed for $525,000 and was received on April 30, 2024. Want to learn more about 1261 Center Street? Do you have questions about finding other Office real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.