UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV24060791
HOA Y/N No
Year Built 1945
Annual Tax Amount $4,612
Tax Year 2023
Lot Size 0.290 Acres
Lot Dimensions Assessor
Property Sub-Type Office
Property Description
Zoned C1/C-P for General Commercial use, the property enjoys exceptional street visibility, complemented by monument signage to attract maximum attention.
While there is a growing demand for multifamily properties, it is important not to overlook the potential of commercial real estate, which can yield comparable profits along with additional advantages, including Higher Income Potential, a Diverse Tenant Base, Extended Lease Terms, Capital Appreciation Potential and the absence of rent control.
All tenants currently occupy month-to-month leases, ensuring flexibility for future strategic decisions. Current rental income stands at $5,078 per month, presenting a compelling opportunity for immediate revenue generation and long-term appreciation. Rents on schedule for an increase by 20% effective 4/1/25.
Don't miss out on this exceptional chance to secure a prime commercial asset in a thriving location. Contact us today to seize this unparalleled investment opportunity.
Please note that the property is sold "as-is" in its present condition.
Location
State CA
County Riverside
Area 251 - Jurupa Valley
Zoning C1/CP
Interior
Heating Central
Cooling Central Air, Ductless
Fireplace No
Laundry None
Exterior
Fence Block, Wood
Roof Type Composition
Present Use Investment
Total Parking Spaces 10
Building
Story 1
Water Public
Others
Tax ID 171260010
Security Features Security System
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://listtosoldmedia.com/8320-Mission-Blvd
"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."
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