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$1,580,000 -$55,000 (-3.36%) Price Reduced
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Property Description
What a privilege to own this excellent investment opportunity!! This commercial property is located on a busy corner lot in the corner of University and Kansas Ave. It offers 2 detached buildings - one is currently a restaurant with a covered patio sitting area of 19x33 ft and there is an additional open space with more tables; The other building is a laundromat; It is on a large .41 acre lot with a total of 28 parking spaces, it offers high customer visibility, and access through both University and Kansas Ave. Surrounded by other stablished business, plus there is a bus stop station next to the restaurant. It is also uniquely located near University of California -Riverside, has easy access to major roads, and freeways ensuring high customer visibility. YES, THE PROPERTY IS CLOSE TO 3 FREEWAYS - The 91, 60 and 215 freeways. ! All of which lead to major areas such as LA and Orange County!!
Full Property Details
Full Property Details for 2115 University
General
- Price: $1,580,000
- Status: Active
- Type: Commercial
- Source: MRMLS
- MLS ID: IV25240272
- Updated: 3/25/2026
- Days on Market: 163 days
- Added to Site: 164 day(s) ago
Business
- Business Type: Restaurant, Laundromat
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: See Remarks
Location
- County: Riverside
- Driving Directions: From 91 fwy exit University east, cross street Kansas Ave
Structural Information
- # Buildings: 2
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 3412
- Square Feet: 3,412
- Current Bldg. Use: Commercial
- Year Built: 1982
- Year Built Source: Assessor
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.41
- Useable Acres: .41
- Lot Size (Sq. Ft.): 17,860
- Lot Size Source: Assessor
- Lot Features: Corner Lot, 0-1 Unit/Acre
- Lot Description: Corner Lot, 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $463
Disclosures and Reports
- Property ID: 211144014
Listed by Castaneda Real Estate, CONCYCASTANEDA and FILCASTANEDA
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Price & Sales History for 2115 University
Date
Details
Price
Change
Source
3/25/2026
Price Reduced
$1,580,000
-3.36%
MLS
10/14/2025
Listed
$1,635,000
1167.44%
MLS
3/31/1998
Sold
$129,000
—
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 2115 University
Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,967
3%
$526,897
2%
2024
$5,773
—
$516,567
2%
2023
$5,748
2%
$506,439
2%
2022
$5,643
1%
$496,510
2%
2021
$5,568
1%
$486,776
1%
2020
$5,526
2%
$481,785
2%
2019
$5,423
2%
$472,340
2%
2018
$5,318
2%
$463,079
2%
2017
$5,225
7%
$454,000
2%
2016
$4,892
2%
$445,099
2%
2015
$4,817
1%
$438,416
2%
2014
$4,767
1%
$429,830
—
2013
$4,739
—
$427,889
—
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 2115 University
2115 University, Riverside, CA 92507 (MLS# IV25240272) is a Commercial property. 2115 University is currently listed for $1,580,000 and was received on October 14, 2025. Want to learn more about 2115 University? Do you have questions about finding other Commercial real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

