3112 3130 1st Street, Riverside, California 92507, Riverside, 92507 - bed, bath

3112 3130 1st Street, Riverside, California 92507 home-pic-0
ACTIVE$1,489,000$3,600/sqft
3112 3130 1st Street, Riverside, California 92507
0Bed
0Bath
3,600Sqft
29,185Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Flexible Zoning & Income Potential: Zoned Commercial/Industrial with grandfathered residential status, offering diverse usage options (live/work, full rental) and established rental income of $5,000/month from two updated units.
Top Cons:
Conditional Grandfathered Status: The residential use is grandfathered but contingent on continuous occupancy; vacancy exceeding six months will result in the loss of this status, limiting future flexibility.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1950 (76 years old).
Condition: Despite being built in 1950, the residential units have been 'nicely updated' as described, featuring modern laminate flooring, crown molding, and upgraded kitchen cabinets with contemporary appliances. The kitchens and bathrooms are clean, functional, and appear to have been renovated within the last 5-15 years, making the units move-in ready with no immediate renovation required. The exterior of the residential units also shows good maintenance.
Year Built
1950
Close
-
List price
$1.49M
Original List price
$1.49M
Price/Sqft
$414
HOA
-
Days on market
-
Sold On
-
MLS number
CV25072410
Home ConditionGood
Features
View-

About this home

BACK ON THE MARKET! DETACHED SIDE-BY-SIDE DUPLEX WITH SEPARATE GARAGE/WORKSHOP IDEAL FOR USE TO RUN YOUR OWN INDUSTRIAL COMMERCIAL BUSINESS! located in the heart of the City near Downtown Riverside. It features 2 separate nicely updated units, their own address, with laminate floors, crown molding, appliances with upgraded kitchen cabinets. Each one has its own private yards along with a well built carport and automatic gates to each. The landscape looks very nice and manicured with various fruit trees for each. The exterior of the units show very well and you can appreciate the attention to details throughout the inside and out of the homes. $2,500 each established renters on a month to month. Approx. 3,600 square feet total living space and 29,300 square foot lot The back of the lot is fenced off WITH NO ACCESS by the tenants. There's a very tall carport port and separate workshop/garage with automatic rollup door and a restroom on the side for visitors. It a corner lot and has a very large side access on the side with ample room for large vehicle access and parking. Zoned Commercial, industrial, non-conforming/grand fathered in for rental of the 2 homes. Room for vehicles, semi trucks, trailers, large vehicles may be stored as so long as they all belong to the owner of record. (As owner occupied resident on one unit if you run a business and keep the renters) It automatically loses the grandfather status if the units are vacant more than six months... Next to the railroad tracks with convenient access to the 91/215/60 freeways. Please note: A double wide clean office modular with AC and restroom is on the lot and available for sale now for $35k Sold separately unless you want to keep as part of the sale, intended for removal. Negotiable: Disclaimer ALL information provided it deemed reliable but not guaranteed. Interested parties must verify all information contained here-in as deemed necessary to satisfy themselves to all aspects of the property in, out and around not limited to permitted and intended use, zoning, square footage, etc. PLEASE DO NOT APPROACH THE OCCUPANTS FOR ANY REASON ***BEWARE OF LARGE GUARD DOGS AT EACH UNIT. MAY BITE!!!

A
Ann Casillas
Listing Agent
Condition Rating
Good

Despite being built in 1950, the residential units have been 'nicely updated' as described, featuring modern laminate flooring, crown molding, and upgraded kitchen cabinets with contemporary appliances. The kitchens and bathrooms are clean, functional, and appear to have been renovated within the last 5-15 years, making the units move-in ready with no immediate renovation required. The exterior of the residential units also shows good maintenance.
Pros & Cons

Pros

Flexible Zoning & Income Potential: Zoned Commercial/Industrial with grandfathered residential status, offering diverse usage options (live/work, full rental) and established rental income of $5,000/month from two updated units.
Expansive Lot & Commercial Infrastructure: A substantial 29,300 sq ft lot featuring a separate workshop/garage with a restroom, a tall carport, and extensive side access for large vehicle parking/storage, catering to industrial/commercial needs.
Updated & Separate Residential Units: Two distinct, nicely updated residential units with modern finishes (laminate floors, crown molding, upgraded kitchens) and private yards, enhancing tenant appeal and value.
Strategic Location: Situated in the heart of Riverside, near Downtown, with excellent access to major freeways (91/215/60), beneficial for both residential and commercial logistics.
Owner-Occupier Business Opportunity: The property's zoning and infrastructure are ideal for an owner-occupier to run an industrial/commercial business while residing in one unit and maintaining rental income from the other.

Cons

Conditional Grandfathered Status: The residential use is grandfathered but contingent on continuous occupancy; vacancy exceeding six months will result in the loss of this status, limiting future flexibility.
Proximity to Railroad Tracks: Located next to railroad tracks, which will likely result in significant noise pollution, potentially impacting the quality of life for residents and the working environment.
Challenging Access & Occupant Interaction: The explicit warning about 'large guard dogs' and the instruction 'DO NOT APPROACH THE OCCUPANTS' suggest potential difficulties for property showings, inspections, and future tenant/property management interactions.
Browse Properties by State Browse housing market trends by state