4100 Central Avenue

    Riverside, CA 92506
    • $3,900,000
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: IV19122480
    UPDATED: 109 min ago
    $3,900,000
    • 0
      BEDS
    • 0.98
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 16,005
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Description

    DESIRABLE RETAIL, OFFICE CENTER ANCHORED BY MEDICAL GROUP, WITH PHARMACY, PIZZA STORE AND ASSORTED MEDICAL AFFILIATED BUSINESSES. THIS BUILDING WAS REMODELED IN 2010.STABLE TENANTS. THE AREA SHOWS STABLE AND COMPETITIVE MARKET GROWTH. ADJACENT PARKING LOT ACROSS THE STREET (PARCEL 225-201-062)ELECTRIC TO PARCEL BUT NEEDS COMPLETION. PARCEL MUST BE PURCHASED WITH 4100 CENTRAL. A TOTAL OF 70 PARKING SPACES RATIO OF 3.89/1000 SF AND AND ADDITIONAL 30 PARKING SPACES. A NEW ELEVATOR AND SECURITY CAMERAS WERE INSTALLED RECENTLY. TRAFFIC COUNT IS 8.4 ON BROCKTON/CENTRAL AND 19.8 ON MAGNOLIA/. CENTRAL. LOCATION IS VERY WALK ABLE NEAR BUS LINE AND SIGNAGE. 191' FRONTAGE ON CENTRAL AND 132' ON BROCKTON, 66' ON MAGNOLIA

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-15T16:29:29.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/95266533

    4100 Central Avenue Riverside, CA 92506

    • Price: $3,900,000
    • Status: Active
    • Updated: 109 min ago
    • ID#: IV19122480
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.98
    Acres
    16,005
    SQFT
    $244
    $/SQFT
    1960
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    DESIRABLE RETAIL, OFFICE CENTER ANCHORED BY MEDICAL GROUP, WITH PHARMACY, PIZZA STORE AND ASSORTED MEDICAL AFFILIATED BUSINESSES. THIS BUILDING WAS REMODELED IN 2010.STABLE TENANTS. THE AREA SHOWS STABLE AND COMPETITIVE MARKET GROWTH. ADJACENT PARKING LOT ACROSS THE STREET (PARCEL 225-201-062)ELECTRIC TO PARCEL BUT NEEDS COMPLETION. PARCEL MUST BE PURCHASED WITH 4100 CENTRAL. A TOTAL OF 70 PARKING SPACES RATIO OF 3.89/1000 SF AND AND ADDITIONAL 30 PARKING SPACES. A NEW ELEVATOR AND SECURITY CAMERAS WERE INSTALLED RECENTLY. TRAFFIC COUNT IS 8.4 ON BROCKTON/CENTRAL AND 19.8 ON MAGNOLIA/. CENTRAL. LOCATION IS VERY WALK ABLE NEAR BUS LINE AND SIGNAGE. 191' FRONTAGE ON CENTRAL AND 132' ON BROCKTON, 66' ON MAGNOLIA
    Exterior Features

    Construction Materials Stucco Fence YN Yes Fencing Block Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 88.00 Roof Composition Topography Flat

    Interior Features

    Building Features Elevators Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating CentralZonedForced Air Heating YN Yes Laundry Features None Office Class B

    Property Features

    Accounting Type Actual Additional Parcels Description 225-201-062 Additional Parcels YN No Advertising Expense 0.00 Anchors Co Tenants Cental Medical Group Asset Class OfficeRetailSpecialty Building Area Units Square Feet Building Name Central Building Status Existing Business Type Food & BeverageMedicalOtherPizzaProfessional Service Cap Rate 5.00 Country Us Effective Gross 0 Electric Photovoltaics Seller Owned Electric Expense 27520.57 Expense Year 2018 Gross Scheduled Income 367260.00 Insurance Expense 5264.00 Investment Property YN Yes Land Lease YN No Land Use OfficeRetail Laundry Income 0.00 Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Legal Accounting Expense 2924.00 Living Area Source Public Records Maintenance Expense 8236.22 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 211522.31 Occupancy Occupied Operating Expense 155737.45 Other Expense 500.00 Other Income1 0.00 Personal Property Amount 0 Professional Management Expense 20402.75 Property Sub Type Business Real Estate Tax Expense 36316.08 Reserves Expense 0.00 Resident Manager Expense 0.00 Retail Center Type Mixed Use Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Supplies Expense 0.00 Tax Annual Amount 36316.08 Tax Year 2018 Total Expenses 155737.00 Trash Expense 4914.88 Utilities Electricity ConnectedSewer AvailableWater Available Vacancy Allowance 4000 Vacancy Allowance Rate 16.60 Water Sewer Expense 27520.57 Water Source Public Year Built Source Other Zoning Office Building

    Listing provided courtesy of Collette Lee of Windermere R.E. Tower Prop.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-15T16:29:29.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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