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$340,000
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Property Description
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!
Full Property Details
Full Property Details for 577 W La Cadena Dr
General
- Sold For: $340,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV24230857
- Added to Site: 439 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: 252 - Riverside
- County: Riverside
- Development Name: 252 - Riverside
- Driving Directions: From the 91E exit Columbia and make a right on Columbia. Go over bridge and make a slight right on Palmer St. Make left on La Cadena, Property will be on the left with the Larry H Park Billboard on the property.
Heating & Cooling
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Entry Location: Front
- Square Feet: 1,406
- Year Built: 1936
Lot Features
- Lot Size (Acres): 0.23
- Lot Size Source: Assessor
- Zoning: NSP-FMU
- Lot Description: 2-5 Units/Acre, Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $241.82
- Price Per Unit: 215000
Listed by Keller Williams Realty, Gary Nickels and Keller Williams Realty, JOHN FOX
Sold by Keller Williams Realty, Gary Nickels
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Schools
Schools serving 577 W La Cadena Dr
School District:Riverside Unified School District
| Name | Grades | Distance |
|---|---|---|
Highgrove Elementary School 690 Center Street, Riverside, CA 92507 | K-6 | 1.2 mi |
University Heights Middle School 1155 Massachusetts Avenue, Riverside, CA 92507 | 7-8 | 1.7 mi |
John W. North High School 1550 3rd Street, Riverside, CA 92507 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 577 W La Cadena Dr
Date
Details
Price
Change
Source
2/20/2025
Sold
$340,000
-20.93%
MLS
1/03/2025
Price Reduced
$430,000
-4.44%
MLS
11/08/2024
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
577 W La Cadena Drive, Riverside, CA 92501 (MLS# CV24230857) is a Multi-Family property that was sold at $340,000 on February 20, 2025. Want to learn more about 577 W La Cadena Drive? Do you have questions about finding other Multi-Family real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

