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Sold for $505,000 on 06/19/24
  • Listing Provided by: 

    Robert Mendez DRE #01971883 951-283-5015,

    Realty Masters & Associates

    Bought with: ESTATES & RATES INC.
    $505,000

    1261 Center St, Riverside, CA 92507

    2beds
    1,260sqft
    Single Family Residence
    Built in 1954
    7,405 Square Feet Lot
    $503,600 Zestimate®
    $401/sqft
    $2,552 Estimated rent

    Home value

    $503,600

    $453,000 - $559,000

    $2,552/mo

    Zestimate® history
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    What's special

    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. 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.

    Zillow last checked: 8 hours ago

    Listing updated: June 19, 2024 at 10:03am

    Listing Provided by:

    Robert Mendez DRE #01971883 951-283-5015,

    Realty Masters & Associates

    Bought with:

    SABRINA RIOS, DRE #02011511

    ESTATES & RATES INC.

    Source: CRMLS,MLS#: IG24085994MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Cooling
    • See Remarks
    Appliances
    • Laundry: Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • All Bedrooms Down
    • Flooring: Tile
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,260 sqft

    Property

    Parking
    • Parking features: Driveway
    Features
    • Levels: One
    • Stories: 1
    • Entry location: front door
    • Pool features: None
    • Has view: Yes
    • View description: Mountain(s), Neighborhood
    Lot
    • Size: 7,405 sqft
    • Features: Level, Rectangular Lot
    Details
    • Parcel number: 247042014
    • Zoning: C-O
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Electric: Standard
    • Sewer: Septic Type Unknown
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Street Lights, Sidewalks
    Location
    • Region: Riverside

    Other

    Other facts
    • Listing terms: Cash,Conventional,Submit

    Price history

    DateEventPrice
    6/19/2024Sold$505,000-3.8%$401/sqft
    Source: CRMLS #IG24085994
    5/10/2024Pending sale$525,000$417/sqft
    Source: CRMLS #IG24085994
    4/30/2024Listed for sale$525,000$417/sqft
    Source: CRMLS #IG24085994

    Public tax history

    YearProperty taxesTax assessment
    2025$5,859 +252.5%$515,100 +271%
    2024$1,662 +0.7%$138,835 +2%
    2023$1,651 +1.9%$136,113 +2%

    Find assessor info on the county website

    Neighborhood: 92507

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $503,600

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $503,600