1057 Center Street

Closed 12/19/22
Closed 12/19/22
Gallery Image 1
Last Sold Price
$435,000
3 beds2,984 sqft$146/sqft
1057 Center St, Riverside, CA 92507

Description

Back on the market Buyer could not preform. Motivated seller, 25k price reduction. Rare opportunity to own mixed use property in, possibly, the largest development boom in Riverside County. Two parcels are included in the sale, with a total of approximately 2984 sqft on a 7400 sqft lot. The warehouse is 1736 sq ft. the corner unit is 1248 sq. ft. Just Appraised for $475,000. The corner unit is now being used as a 2 bed 1 bath single family unit. Detached 2 car garage has a 1/2 bath. Could easily...Back on the market Buyer could not preform. Motivated seller, 25k price reduction. Rare opportunity to own mixed use property in, possibly, the largest development boom in Riverside County. Two parcels are included in the sale, with a total of approximately 2984 sqft on a 7400 sqft lot. The warehouse is 1736 sq ft. the corner unit is 1248 sq. ft. Just Appraised for $475,000. The corner unit is now being used as a 2 bed 1 bath single family unit. Detached 2 car garage has a 1/2 bath. Could easily be turned into retail frontage. The main building has endless possibilities with a huge warehouse in the front and office and bathroom in the back. Property also includes a 2 car garage. Plenty of parking for both. Both buildings have recently been painted, new roof, newer electric panel, and new windows will be replaced in front of main building before COE. Fantastic location with stellar street visibility, thousands of commuters passing by and waiting in front for the train. Thousands of new homes have been built in this community in the past few years, and now is a great time to own before the entire community is re-developed. Just a block away is a new development- “The Highgrove Town Center” with 846 townhomes being built with retail and shopping. Could be a great live/work location.
LISTING CLOSED: 12/19/2022 12:00 AM

  1. Listed by FREDERICK GORDON • DRE #01503278 • Brokerage DRE #01927637 • REALTY MASTERS & ASSOCIATES • 951-545-8846
  2. Listed by CRYSTAL COLEMAN • DRE #01879574 • Brokerage DRE #01927637 • REALTY MASTERS & ASSOCIATES

Property Details for 1057 Center Street

Status
Closed
MLS #
IV22228852
Days on Market
24
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Mixed Use
MLS Type
Residential Income
Year Built
1912
Lot Size
0.17 AC / 7,600 SF
County
Riverside County
Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2984
Assessor Parcel Number
247-053-008
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No
Average Studio Area Units
Square Feet
Average 1 Bed Area Units
Square Feet
Average 2 Bed Area Units
Square Feet
Average 3 Bed Area Units
Square Feet
Building Area Total
2984
Building Area Units
Square Feet
Pool
No
Zoning
C-1/C-P
Senior Community
No
Parcel Number
247053008
Area
Riverside (252)
Directions
210 to Center head east to property
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Location

Listing Courtesy of REALTY MASTERS & ASSOCIATES, FREDERICK GORDON, DRE #01503278; REALTY MASTERS & ASSOCIATES, CRYSTAL COLEMAN, DRE #01879574

Sold By A-Z REALTY & INVESTMENT CORP, DONGYAN ZHENG, DRE #01714735

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Building Information for 1057 Center Street

Stories-Residences-Year Built1912Building Size-Lot Size0.17 AC / 7,600 SF

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Principal and Interest

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Property Taxes

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HOA Dues

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Property Information for 1057 Center Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $54,000
  • Gross Scheduled Income: $54,000
  • Net Operating Income: $51,900
  • Financing: Cash
Expense Details
  • Operating Expense: $2,100
  • Insurance Expense: $1,300
  • Trash Expense: $800
  • Total Expenses: $2,100
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 009
  • Tax Census Tract: 423.00
  • Tax Lot: 12
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage
  • Cooling: Central Air
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Corner Lot
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Septic Type Unknown
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,500
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2

Property History for 1057 Center Street

DateEvent & SourcePriceAppreciation
Dec 19, 2022

Sold

CLAW #IV22228852MR

$435,000—
Dec 19, 2022

Sold

CRMLS #IV22228852

$435,000—
Nov 17, 2022

Pending

CLAW #IV22228852MR

—
DateEvent & SourcePrice
12/19/2022

Sold

CLAW #IV22228852MR

$435,000
12/19/2022

Sold

CRMLS #IV22228852

$435,000
11/17/2022

Pending

CLAW #IV22228852MR

—

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

Public Records for 1057 Center Street

Taxable ValueLand$53,060Additions$122,038Total$175,098
Tax Record2025$2,046 ($171 / month)
Home Facts
Total Finished SqFt1,182 SqFtAbove Grade Finished SqFt1,182 SqFtStories1Lot Size2,614 SqFtStyleReligiousYear Built1912Year Renovated1970ZoningC1CPCountyRIVERSIDEAPN247-053-008

Schools near 1057 Center Street

This home is within Riverside Unified School District.
Rating
School
Type
Grades
Distance
Highgrove 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
Highgrove 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1057 Center Street, Riverside, CA 92507
$435,000
3
–
2,984
7,600
1061 Center Street, Riverside, CA 92507
–
–
–
1,908
4,792
267 Commercial Avenue, Riverside, CA 92507
–
2
1
952
3,920
259 Commercial Avenue, Riverside, CA 92507
$35,000
2
848
3,920
253 Commercial Avenue, Riverside, CA 92507
$23,000
1
558
4,356
1078 Center Street, Riverside, CA 92507
–
–
–
–
–

Explore Nearby Homes

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 REALTY MASTERS & ASSOCIATES, FREDERICK GORDON, DRE #01503278; REALTY MASTERS & ASSOCIATES, CRYSTAL COLEMAN, DRE #01879574

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.