$340,000
SOLD FEB 20, 2025

577 W La Cadena Dr Riverside, CA 92501

Northside Neighborhood
3 Beds
-- Bath
1,406 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$242 Per Sq Ft

24% Below List Price

64 Days on Market

Highlights

  • Corner Lot
  • No Heating
  • 1-Story Property

About This Home

As of February 2025

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!

Last Agent to Sell the Property

GARY NICKELS

KELLER WILLIAMS REALTY Brokerage Phone: 9512270068 License #02059145 Listed on: 11/08/2024

KELLER WILLIAMS REALTY

Co-Listed By

John Fox

KELLER WILLIAMS REALTY Brokerage Phone: 9512270068 License #02083482

Last Buyer's Agent

GARY NICKELS

KELLER WILLIAMS REALTY Brokerage Phone: 9512270068 License #02059145 Listed on: 11/08/2024

KELLER WILLIAMS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,893

Year Built

  • Built in 1936

Lot Details

  • 10,019 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is 2-5 Units/Acre

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 3 Bedrooms
  • 1,406 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 133
  • Tax Tract Number 437
  • Assessor Parcel Number 246181017
  • $63 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Gross Income $18,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,893

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Price Per Unit: 215000
  • Property Attached: No
  • Zoning: NSP-FMU
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 246181017
  • Year Built: 1936
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Front
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 241.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 6.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: No
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 10019.00
  • Lot Size Acres: 0.2300

Multi Family

  • Gross Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Lot Size Area: 10019.0000 Square Feet
  • Net Operating Income: 18000.00
  • Number Of Units Total: 2
  • Other Income1: 18000.00
  • Rent Control: No

Tax Info

  • Tax Lot: 133
  • Tax Tract Number: 437
  • TaxOtherAnnualAssessmentAmount: 63.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2024
Closed on
Feb 18, 2025
Sold by
Angelyna & Brothers Llc
Bought by
Lee William and Kang Janet
Seller's Agent
GARY NICKELS
KELLER WILLIAMS REALTY
Buyer's Agent
GARY NICKELS
KELLER WILLIAMS REALTY
List Price
$450,000
Sold Price
$340,000
Premium/Discount to List
-$110,000
-24.44%
Views
93
Current Estimated Value
$386,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,139
Avg. Annual Appreciation
23.20%

Purchase Details

Closed on
Jan 9, 2024
Sold by
Crockett Robina
Bought by
Angelyna & Brothers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,500
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2023
Sold by
Stanford Family Trust and Crockett Robina
Bought by
Crockett Robina

Purchase Details

Closed on
Feb 14, 2019
Sold by
Stanford Dorothy P
Bought by
Ohlinger William D

Purchase Details

Closed on
Jan 3, 2019
Sold by
Stanford Dorothy P
Bought by
Ohlinger William D and Tkatch Donna M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $340,000 California Best Title
Grant Deed $345,000 First American Title
Grant Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $321,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $340,000 -20.9% $242 / Sq Ft
01/11/2025 01/11/25 Pending -- -- --
01/03/2025 01/03/25 Price Changed $430,000 -4.4% $306 / Sq Ft
11/08/2024 11/08/24 For Sale $450,000 +30.4% $320 / Sq Ft
03/18/2024 03/18/24 Sold $345,000 -8.0% $245 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $375,000 0.0% $267 / Sq Ft
12/11/2023 12/11/23 Price Changed $375,000 -24.8% $267 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/26/2023 10/26/23 For Sale $499,000 +44.6% $355 / Sq Ft
10/25/2023 10/25/23 Off Market $345,000 -- --
10/03/2023 10/03/23 For Sale $499,000 -- $355 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,893 $351,900 $209,100 $142,800
2023 $3,893 $77,479 $27,251 $50,228
2022 $830 $75,961 $26,717 $49,244
2021 $833 $74,473 $26,194 $48,279
2020 $826 $73,710 $25,926 $47,784
2019 $810 $72,266 $25,418 $46,848
2018 $794 $70,850 $24,920 $45,930
2017 $780 $69,462 $24,432 $45,030
2016 $733 $68,101 $23,953 $44,148
2015 $721 $67,081 $23,595 $43,486
2014 $724 $65,769 $23,134 $42,635
Source: Public Records

Agents Affiliated with this Home

  • GARY NICKELS

    Seller's Agent in 2025

    GARY NICKELS

    KELLER WILLIAMS REALTY

    (951) 227-0068

    2 in this area

    40 Total Sales

    GARY NICKELS
    Section Image
  • John Fox

    Seller Co-Listing Agent in 2025

    John Fox

    KELLER WILLIAMS REALTY

    (909) 969-4868

    2 in this area

    69 Total Sales

    John Fox
    Section Image
  • Morgan Mennell

    Seller's Agent in 2024

    Morgan Mennell

    Allison James Estates & Homes

    (760) 575-4778

    1 in this area

    95 Total Sales

    Morgan Mennell
    Section Image

  • G

    Buyer's Agent in 2024

    Glenn Gaspar

    eXp Realty of Southern Ca, Inc

    Section Image
  • Andrew Warburton

    Buyer Co-Listing Agent in 2024

    Andrew Warburton

    Andrew Warburton

    (310) 270-1689

    1 in this area

    759 Total Sales

    Andrew Warburton
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV24230857

California Regional Multiple Listing Service (CRMLS)

APN: 246-181-017

California Riverside County Riverside 92501 Northside

577 W La Cadena Dr, Riverside, CA

This home is located at 577 W La Cadena Dr, Riverside, CA 92501 and is currently priced at $340,000, approximately $241 per square foot. This property was built in 1936. 577 W La Cadena Dr is a home located in Riverside County with nearby schools including Highgrove Elementary School, University Heights Middle School, and John W. North High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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