56
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$1,300,000
Est. payment /mo
3 Beds
3 Baths
1.5 Acres Lot
New
875 Clark Riverside, CA 92501
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG26150960
Bedrooms 3
Lot Size 1.500 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Unique investment opportunity featuring approximately 1.5 acres of flat, usable land with substantial existing improvements and exceptional future income potential. The property is currently improved with a custom-built residence of nearly 3,000 square feet with an attached approximately 1,000-square-foot garage, a detached approximately 2,500-square-foot two-story garage with electricity, plumbing, and its own septic system, plus a large workshop with utilities and a vehicle lift. The existing improvements provide numerous possibilities for investors seeking additional dwelling units, multigenerational living, rental income, or future redevelopment, subject to buyer investigation and approval by the City of Riverside. The attached approximately 1,000-square-foot garage may offer future conversion potential, while the detached approximately 2,500-square-foot two-story garage may also present opportunities for additional living space or an ADU, subject to buyer verification and applicable approvals. Beyond the existing improvements, a significant portion of the approximately 1.5-acre parcel remains open and usable, creating additional flexibility for future development. Buyers are encouraged to investigate the potential to construct additional residences, subdivide the property, or pursue other development strategies based on their intended use and applicable City requirements. Adding to the propertys appeal, the adjacent privately owned parcel of similar size is currently under development with four new homes, illustrating the areas ongoing growth and residential investment
Location
State CA
County Riverside
Zoning Assessor
Direction Cross Streets: Orange Street & Chase Rd
Interior
Cooling Attic Fan, Central Forced Air
Fireplace No
Exterior
View Y/N No
Roof Type Tile/Clay
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 246220012
Acceptable Financing Cash, Conventional, VA
Listing Terms Cash, Conventional, VA
Listed by Benjamin Rubalcava, DRE#01877582 Re/Max Partners
NEARBY SCHOOL & BUSINESS
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