2550 Mission Inn Avenue
Riverside, CA 92507
Active for $299,000
Beds: 0 Baths: Structure Size: 1,216 sqft Lot Size: 9,000 sqft
MLS | 24465197 |
Year Built | |
Property Type | Single Family Residence |
County | Riverside |
Status | Active |
Active | $299,000 |
Structure Size | 1,216 sqft |
Lot Size | 9,000 sqft |
Beds | 0 |
Baths |
Description
This property has a 2 story historic structure on it, waiting to be finished. Foundation is only 1 1/2 years olds, roof is good, and all walls are ready for new electric, plumbing, etc. Plans are in final stages with the city to be completed (they only had a few more changes), and there is a water main from the street with a new water meter as well. I can refer you to a hard money lender if need be (her rate is 11%). Plans are prepared for a two bedroom, 1.5 bath house, with additional plans for an extra bedroom on the bottom level (if desired.) A massive amount of parking available and property is set back from the street, allowing for an ADU (and now the city has pre-approved ADU plans as well). Also, a garage is not needed on the property due the historic aspect. To finish, the main job would be the framing and closing in the property, and the rest is plumbing, electric, and finishing.
Listing information courtesy of: Aric Cushing/ Ascent, Meridian Capital Real Estate 323-493-1159. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.