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Sold on 02/20/2025
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577 W La Cadena Dr, Riverside, CA 92501

$424,000

Last sold 02/20/2025 for $340K

  • —

    bed

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    bath

Multi-family not for sale
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About 577 W La Cadena Dr

Property type Multi-family
Neighborhood
Year built 1936
HOA fee $0/month
Lot size 10,019 Sqft
Movoto estimate
Rental estimate
Property description
Huge investment opportunity located close to Downtown in the beautiful city of Riverside. This NSP-FMU zoned property has tons of mixed use potential for Residential and Commercial applications.This property is currently generating income with a huge billboard on the corner of the lot. Property includes a 950 sq. ft. 2b1b building, a 1b1b 426 sq. ft. ADU and a huge shop. Perfect property to fix up and lease out to other businesses or to fix up for your own business. Property is in the process of getting building permits which may be transferred to the new owner which will save you thousands of dollars! Can also be used for Truck parking, the potential is limitless. Call today!
Listed by
Listing Agent - Gary Nickels
Listing Agent Contact: 9512270068
Listing Office - KELLER WILLIAMS REALTY
Source: CRMLS mls logo
MLS#CV24230857 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.23
Lot Size (SqFt) 10019
Year Built 1936
Interior
Laundry None
Exterior
Building Area Square Feet, 1406
# Uncovered Spaces 6
# Parking Spaces 6
Lot Description 2-5 Units/Acre, Corner Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Riverside
Community Features Urban
Zoning NSP-FMU
Directions From The 91E Exit Columbia And Make A Right On Columbia. Go Over Bridge And Make A Slight Right On Palmer St. Make Left On La Cadena, Property Will Be On The Left With The Larry H Park Billboard On The Property.
APN 246181017
Multifamily Details
Gross Income 18000
Gross Scheduled Income 18000
$424K
Range: $343K-$504K
Last 30 days 
Rental est.: $1,628/month
Gross rent multiplier: 17.4
  • Feb 2025
    mls logo MLS # CV24230857
  • Feb 20, 2025 Sold
    $340,000
  • Jan 11, 2025 Pending
    —
  • Jan 3, 2025 Price Change
    $430,000 (-4.4%)
  • Nov 8, 2024 Listed
    $450,000 (+30.4%)
  • Feb 2025
    Public Records
  • Feb 20, 2025 Sold
    $340,000 (-20.9%)
  • Mar 2024
    mls logo MLS # SW23184813
  • Mar 22, 2024 Sold
    $345,000
  • Jan 25, 2024 Pending
    —
  • Dec 19, 2023 Listed
    —
  • Oct 31, 2023 Pending
    —
  • Oct 3, 2023 Listed
    $499,000
  • Mar 2024
    Public Records
  • Mar 18, 2024 Sold
    $345,000 (-30.9%)
  • Year Property taxes Tax assessment
  • 2024
    $3,893 +359.9%
    $351,900 +354.19%
  • 2023
    $846 +2.0%
    $77,479
  • 2022
    $830 -0.3%
    $77,479 +4.04%
  • 2021
    $833 +0.8%
    $74,473
  • 2020
    $826 +1.9%
    $74,473 +1.04%
  • 2019
    $810 +2.0%
    $73,710 +2.0%
  • 2018
    $794 +1.8%
    $72,266 +2.0%
  • 2017
    $780 +6.4%
    $70,850 +4.04%
  • 2016
    $733 +1.6%
    $68,101
  • 2015
    $721
    —
  • 577 W La Cadena Dr
    $340K
  • Northside
    $587K +1% y/y
  • 92501
    $599K -4% y/y
  • Riverside
    $689K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Highgrove Elementary School
public Grades K-6
Riverside Unified School District
6/10
John W. North High School
public Grades 9-12
Riverside Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/27/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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