101 S Olive Avenue, Rialto, California 92376, Rialto, 92376 - bed, bath

101 S Olive Avenue, Rialto, California 92376 home-pic-0
ACTIVE$699,000
101 S Olive Avenue, Rialto, California 92376
0Bed
0Bath
1,824Sqft
14,000Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Flexible Mixed-Use Zoning: Zoned Cottage Commercial, offering diverse opportunities for residential, commercial, or live-work arrangements, maximizing investment potential.
Top Cons:
Age of Property & Potential for Outdated Systems: Built in 1950, the property may require significant updates to plumbing, electrical, and HVAC systems to meet modern standards or commercial requirements.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1950 (75 years old).
Condition: Built in 1950, this property shows significant signs of age and deferred maintenance. The interior features worn, dated carpets and linoleum flooring, old-fashioned ceiling fans, and basic light fixtures. While the exterior paint appears relatively fresh, the overall condition of the interior finishes and the explicit mention in the property analysis of potential outdated plumbing, electrical, and HVAC systems requiring 'significant updates' indicate a need for substantial repairs and rehabilitation. The 1.5 bathrooms are noted as 'limited' and requiring 'costly additions or renovations,' suggesting they are also outdated and insufficient for modern standards or commercial use. The property requires extensive renovation to meet current quality standards and functionality.
Year Built
1950
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$383
HOA
-
Days on market
-
Sold On
-
MLS number
IV25131985
Home ConditionPoor
Features
Patio
View-

About this home

Unique Mixed-Use Opportunity in the Heart of Rialto – Zoned Cottage Commercial! This versatile 4-bedroom, 1.5-bath property offers endless possibilities and is perfect for investors, business owners, or developers. Conveniently located near Downtown Rialto, this corner lot features a circular driveway, ample parking, including handicap-accessible spaces, and a spacious front yard with mature shade trees. Inside, you’ll find a welcoming entry walkway leading to a reception area, family and living rooms, and a dedicated office space, making it ideal for a home-based business or commercial use. The property also includes two detached bonus rooms, perfect for storage, creative workspaces, or additional office space. The large backyard and lot layout offer excellent potential for future expansion, and this property qualifies for the addition of an ADU (Accessory Dwelling Unit). Buyers are encouraged to contact the City of Rialto to explore redevelopment incentives and permitted commercial/residential uses under its flexible Cottage Commercial zoning. This is an ideal opportunity to generate income while planning your vision. Don’t miss out on this rare find with so much potential!

Condition Rating
Poor

Built in 1950, this property shows significant signs of age and deferred maintenance. The interior features worn, dated carpets and linoleum flooring, old-fashioned ceiling fans, and basic light fixtures. While the exterior paint appears relatively fresh, the overall condition of the interior finishes and the explicit mention in the property analysis of potential outdated plumbing, electrical, and HVAC systems requiring 'significant updates' indicate a need for substantial repairs and rehabilitation. The 1.5 bathrooms are noted as 'limited' and requiring 'costly additions or renovations,' suggesting they are also outdated and insufficient for modern standards or commercial use. The property requires extensive renovation to meet current quality standards and functionality.
Pros & Cons

Pros

Flexible Mixed-Use Zoning: Zoned Cottage Commercial, offering diverse opportunities for residential, commercial, or live-work arrangements, maximizing investment potential.
Strategic Corner Lot Location: Prominently situated near Downtown Rialto on a corner lot, providing high visibility and convenient access for business operations.
Significant Development Potential: Qualifies for an ADU and offers ample space for future expansion on a 14,000 sqft lot, appealing to investors and developers.
Ample & Accessible Parking: Features a circular driveway and handicap-accessible parking, a crucial asset for commercial or multi-tenant use.
Versatile Interior Layout & Bonus Spaces: Includes a dedicated office space and two detached bonus rooms, providing immediate functionality for various business or creative endeavors.

Cons

Age of Property & Potential for Outdated Systems: Built in 1950, the property may require significant updates to plumbing, electrical, and HVAC systems to meet modern standards or commercial requirements.
Limited Bathroom Facilities: With only 1.5 bathrooms for a 4-bedroom layout and mixed-use potential, the property may necessitate costly bathroom additions or renovations to accommodate multiple occupants or commercial operations.
Required Investment & City Approvals: Realizing the property's full 'potential' for redevelopment or specific commercial uses will likely involve substantial capital investment and navigating complex city planning and permitting processes.

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