577 W La Cadena Dr
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577 W La Cadena Dr
950 SF 100% Leased Office Building Riverside, CA 92501 $430,000 ($453/SF) 4.19% Cap Rate
Executive Summary
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!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
950 SF
Building Class
F
Year Built
1936
Price
$430,000
Price Per SF
$453
Cap Rate
4.19%
NOI
$18,017
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
950 SF
Zoning
NSP-FMU - Contact the Planning Dept at https://planning.rctlma.org/Contact-Us for more information CHECK WITH THE CITY FOR MORE INFORMATION
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577 W La Cadena Dr
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