0 Center St

Riverside, CA 92501

$270,000
Last Sold Price
50,965 / 1.17
Lot Size / Acres
Get preapproved with Rocket Mortgage1
Closed 4/7/25
Closed 4/7/25

Description

We are pleased to present the opportunity to acquire land for multi-family development in Riverside, California. The property is 1.17 acres and is located at the south-east corner of Center Street and Placentia Lane. The site is triangular in shape and has more than 200 feet of frontage on both Center Street and Placentia Lane. According to the Riverside Northside Specific Plan, the land use designation for this site is medium high density and the zoning is R-3-3000. The site can be developed at...We are pleased to present the opportunity to acquire land for multi-family development in Riverside, California. The property is 1.17 acres and is located at the south-east corner of Center Street and Placentia Lane. The site is triangular in shape and has more than 200 feet of frontage on both Center Street and Placentia Lane. According to the Riverside Northside Specific Plan, the land use designation for this site is medium high density and the zoning is R-3-3000. The site can be developed at a density up to fourteen dwelling units per acre. (Build 16 units on 1.17 acres, buyer to verify). With density bonuses permitted under state law, the residential density may exceed sixteen units, buyer to verify. Northside is a rapidly expanding neighborhood in the City of Riverside. The community is conveniently located at the busy intersection of three major freeways, California 91, California 60, and the Interstate 215. The City of Riverside has a vision for the Northside neighborhood to grow into a healthy and well-balanced community that celebrates the region’s history and promotes recreational activities. New developments within a two-mile radius of the subject property include the Northside Village Center and the Trujillo Adobe Heritage Village. Both sites provide a mixture of new residential units, office space, restaurants, community service providers and retail opportunities. Known as the Inland Empire, the Riverside-San Bernardino metro is a 28,000-square-mile region in Southern California composed of San Bernardino and Riverside counties. The metro contains a population of 4.6 million. The largest city is Riverside with more than 324,100 residents and the population has increased over 22 percent since 2000, while being forecasted to grow 2.3 percent over the next five years. Within a five-mile radius of the subject property, the average household income is $77,944 and the population is nearly 250,000.
  1. Listed by David Covarrubias • DRE #01941403 • Brokerage DRE #00530854 • MARCUS & MILLICHAP • 626-319-2479
  2. Listed by Douglas McCauley • DRE #01155706 • Brokerage DRE #00530854 • MARCUS & MILLICHAP

Property Details for 0 Center Street

View
Mountain(s)
Lot Size Source
Assessor
Assessor Parcel Number
246-040-023
New Construction
No
Pool
No
View
Yes
View
Yes
Association
No
LISTING CLOSED: 04/07/2025 12:00 AM

Property Details for 0 Center Street

StatusClosed
MLS #CV25055103
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand Lot
Year Built-
Lot Size1.17 AC
CountyRiverside County
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Location

Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706

Sold By MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706

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Building Information for 0 Center Street

Lot Size1.17 AC

Payment Calculator

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$1,345 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,345

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 0 Center Street

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Distance To
  • Distance To Water: on-site
Land/Lot Info
  • Lot Features: 11-15 Units/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 0 Center Street

DateEvent & SourcePriceAppreciation
Apr 7, 2025

Sold

CRMLS #CV25055103

$270,000—
Apr 7, 2025

Sold

CLAW #CV25055103MR

$270,000—
Mar 20, 2025

Pending

CRMLS #CV25055103

—
DateEvent & SourcePrice
04/07/2025

Sold

CRMLS #CV25055103

$270,000
04/07/2025

Sold

CLAW #CV25055103MR

$270,000
03/20/2025

Pending

CRMLS #CV25055103

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 0 Center Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Fremont Elementary School
Public - K to 6
University Heights Middle School
Public - 7 to 8
John W. North High School
Public - 9 to 12
REACH Leadership STEAM Academy
Charter - K to 6
Rating
School
Distance
Fremont Elementary School
PublicK to 6

University Heights Middle School
Public7 to 8

John W. North High School
Public9 to 12

REACH Leadership STEAM Academy
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARCUS & MILLICHAP, David Covarrubias, DRE #01941403; MARCUS & MILLICHAP, Douglas McCauley, DRE #01155706

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.