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9631-9637 Magnolia Ave
Riverside, CA 92503
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,900 SF
Building Class
C
Year Built
1952
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.24 AC
Zoning
CG
Frontage
50’ on Magnolia Avenue
About 9631-9637 MAGNOLIA AVE , RIVERSIDE, CA 92503
Two tenant, street-front retail property with long-time tenants currently occupying 100% of the property on month-to-month terms. Great for investors or owner-users. Good commercial exposure on Magnolia Ave. Close proximity to Cal Baptist University (1.3 miles), Kaiser Permanente (1.5 miles), and 91 Freeway (0.5 miles). Current tenants are below market. Pro forma cap rate is 6.5% based on increased rents.
Property Taxes
| Parcel Number | 145-302-017 | Improvements Assessment | $409,021 |
| Land Assessment | $164,045 | Total Assessment | $573,066 |
Property Taxes
Parcel Number
145-302-017
Land Assessment
$164,045
Improvements Assessment
$409,021
Total Assessment
$573,066
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