407 Iowa Avenue, Riverside, CA 92507
Riverside County
Key Facts
Description
This exceptional investment opportunity features a flat, fully fenced 1.74-acre lot with two separate commercial buildings, each assigned its own address: 407 Iowa Ave and 421 Iowa Ave. 407 Iowa Ave 2,152 sq ft standalone building Currently leased and operating as a restaurant, generating immediate income 421 Iowa Ave 2,384 sq ft building divided into two commercial units: One unit formerly a bakery One unit formerly a barber shop Flexible layout ideal for owner-use or lease-up potential Property Features Flat, level lot for ease of access and future development Enclosed with a common block wall for added security and privacy Multiple income streams from established tenants and vacant units ready for lease or repurposing Ideal for investors seeking cash flow or owner-users looking for a versatile commercial space This property offers a rare blend of income generation, flexibility, and security—positioned perfectly for long-term investment or immediate business use.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1957
Stories
1
Living Area
4,536 sq ft
Lot Size
1.74 acres
Days on Market
320
MLS® Listing#
IV25173310
Property Features
Heating
Laundry
Fencing
Lot Features
Utilities
Water Source
Financial Details
Parcel Number
247081020
Directions
215 to Center then Iowa Ave
Affordability Calculator
$330,000
Estimated monthly payment
$8,782/mo
Principal $1,320,000 · Est. interest $1,841,517 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Riverside, CA
- $752,525
- Median Listing Price
- 44
- Median Days on Market
- 2,132
- Median Sq Ft
- $371
- Median Price / Sq Ft
- 548
- Active Listings
- This home’s price is 119% above the area median.
- Its price per sq ft is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Riverside, CA.
Location
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Points of Interest in Riverside, CA
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 17715 Timberview, Riverside, CA | $1,175,000 | 3 | 4 | 2,898 |
| 17970 Wildwood Creek Rd, Riverside, CA | $1,175,000 | 4 | 4 | 4,739 |
| 16861 Ridge Cliff Drive, Riverside, CA | $1,190,000 | 4 | 4 | 4,237 |
| 8059 Terraza Court, Riverside, CA | $1,199,900 | 4 | 4 | 3,311 |
| 2110 Hathaway, Riverside, CA | $1,199,900 | 4 | 4 | 3,100 |
| 15091 Golden Star, Riverside, CA | $1,199,999 | 3 | 2 | 1,785 |
Moving Cost Estimate
EXIT Agents in Riverside
Listing Courtesy: A ONE PLUS REALTY INCORPORATED - 951-250-1485
Presented by: SHAKER MOHAMMAD
Licensed in the state of California.