$850,000
●
Land -
In Contract
101 W La Cadena Drive
Riverside, CA 92501
Studio
0 Bath
$4,174
Est. Monthly
About This Property
Welcome to this prime INDUSTRIAL / Commercial Opportunity located
at 101 W La Cadena, Riverside, CA 92501. Spanning 1.21 ACRES with a
Light Industrial (LI) zoning designation, the property offers
exceptional potential for industrial or commercial development.
Boasting approximately 275 feet of frontage, the lot provides HIGH
TRAFFIC VISIBILITY with 166,015 daily traffic count on the 215
FREEWAY, complemented by additional 9,500 cars per day along La
Cadena ave, and immediate freeway access for unparalleled
convenience. The land is level, UTILITIES ARE CONNECTED from
previous old house, and the site's location ensures optimal
exposure for any business venture. This versatile parcel is an
excellent investment opportunity in the thriving Riverside market.
The county of Riverside zoning map shows as residential, however,
due to the land use designation being Industrial, they will only
consider commercial or industrial uses from a Buyer / Developer.
Please See remarks regarding contact info to the planner at the
county to speak with in depth. Buyer to verify any and all
information to satisfy themselves.
Unit Size
-
Days on Market
-
Land Size
1.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1925
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #IG24237062)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 28, 2025 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by Re/Max Time Realty | $850,000 | |
| Listed by Re/Max Time Realty | |||
| Oct 18, 2021 | No longer available | - | |
| No longer available | |||
| May 13, 2021 | In contract | - | |
| In contract | |||
| Aug 19, 2020 | Listed by Lifetime Realty Inc | $899,999 | |
| Listed by Lifetime Realty Inc | |||
| | |||
|
Located right next to the Hwy 215. Approximately 200 feet on frontage road! 200,000 Cars pass by every day!!! 1.21 Acres Perfect for a business that needs great 24 hour exposure!! Property is 1 APN with R1 and R3 zoning, however, this does not conform to area general plan. Buildings are tear down condition. Information presented is deemed reliable and accurate, but is not guaranteed. Buyers and Agents to conduct their own due diligence.
| |||
Property Highlights
Exterior Details
Lot Features: Level
Lot Size Area: 52708
Lot Size Units: Square Feet
Lot Size Acres: 1.21
Lot Size Square Feet: 52708
Tax Lot: 41
Water Source: Public
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Riverside
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Listed by: Robert Mendez, Re/Max Time Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG24237062
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG24237062
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