405 Iowa Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
405 Iowa Ave
3,805 SF 100% Leased Retail Building Riverside, CA 92507 $1,999,999 ($526/SF)
Investment Highlights
- Located at 405 Iowa Ave in Riverside, this property boasts excellent accessibility, situated less than half a mile from I-215
- Located less than 5 minutes from downtown Riverside, and 23 minutes from Ontario International Airport.
Executive Summary
405 Iowa Ave in Riverside presents a prime investment opportunity to acquire a freestanding retail strip center. This single-story building features three fully leased retail units, generating $10,000 in monthly income, offering a reliable and stable return for investors. Situated on a 0.34-acre lot, the property includes 20 surface parking spaces and is zoned CP, allowing for a variety of retail uses. Conveniently located less than half a mile from I-215, this highly accessible property is an ideal addition to any investment portfolio
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$31.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$31.54
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $31.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $31.54 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,805 SF
Building Class
C
Year Built
1960
Price
$1,999,999
Price Per SF
$526
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.34 AC
Zoning
CP - Allows for a variety of retail use
Parking
20 Spaces (5.48 Spaces per 1,000 SF Leased)
Frontage
93 FT on Iowa Ave
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 247-081-021 | Improvements Assessment | $510,000 |
| Land Assessment | $300,000 | Total Assessment | $810,000 |
PROPERTY TAXES
Parcel Number
247-081-021
Land Assessment
$300,000
Improvements Assessment
$510,000
Total Assessment
$810,000
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
405 Iowa Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.