33.9219055175781 -117.443435668945

9340 Magnolia Avenue Riverside, CA 92503

255585832 33.9219055175781 -117.443435668945 124 /listing/255585832-150177715/9340-magnolia-avenue-riverside-ca-92503 False 0 3750000.0000 101 PW19261110 False
  • $3,750,000
  • 70,007 lot
  • Est payment $20130.81/mo

Property & Neighborhood Info

Courtesy Of Azhar Sabir, Shamoon Sikora, Broker

Commercial in Riverside

NINE PARCEL 9340-9370 MAGNOLIA AVE, RIVERSIDE WITH 1.61AC....Well Established Neighborhood Shopping Center with infill Riverside location. Well maintained & stabilized fully occupied with Eleven spaces occupied by ten tenants long term tenants. Located on the busy corner of McKinzey and Magnolia in the heart of Riverside. Property is located on nine parcels 1.61 Acers with extra land to possibly build on in the future. High cap rate with established long term tenants will give the new owner healthy cash flow year after year. Center is anchored by a long term busy laundromat and a local antique store with a substantial client base. Long term owners have kept the center up to date with new roofs, ADA bathrooms, paint, water piping, iron fencing, and newly surfaced front & back parking lots. This is a must-see with great actual cash flow and future upside. Owners are retiring and are motivated to sell. We will look at all offers!

Courtesy Of Azhar Sabir, Shamoon Sikora, Broker
  1. 70,007 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1950
  • County: Riverside County
  • Taxes: $45,338.00
  • Tax Year: 2018
  • Zoning: C2
  • MLS Number:PW19261110

Additional Features

  • Building Description:
    • Existing
  • Land Use:
    • Retail
  • Laundry:
    • See Remarks
  • Lot Features:
    • 6-10 Units/Acre
  • Property Subtype:
    • Retail
  • Special Conditions:
    • Standard
  • Water Source:
    • Public
  • Year Built Source:
    • Estimated
  • CDOM:
    • 124
  • Insurance Expense:
    • 12892.00
  • Listing Key:
    • 363703460
  • Lot Size Acres:
    • 1.6071
  • Lot Size Square Feet:
    • 70007.00
  • Maintenance Exp:
    • 250.00
  • Net Operating Income:
    • 255272.00
  • Number of Buildings:
    • 3
  • Number Of Units Leased:
    • 11
  • Operating Expense:
    • 85717.00
  • Price Per SQFT:
    • 179.86
  • Tax ID:
    • 233031001
  • Total Expenses:
    • 85717.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
33.9219055175781 -117.443435668945

9340 Magnolia Avenue Riverside, CA 92503

255585832 33.9219055175781 -117.443435668945 124 /listing/255585832-150177715/9340-magnolia-avenue-riverside-ca-92503 False 0 3750000.0000 101 PW19261110 False
  • $3,750,000
  • 70,007 lot
  • Est payment $20130.81/mo