$299,000
For Sale

2550 Mission Inn Avenue

Riverside, CA 92507
1216 sqft | 0.21 acres | #24465197
Listing OfficeMeridian Capital Real Estate
Type:Purchase
Structure:House
Zone:Residential

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.

  • Property Details
      • ViewHills
      • Stories2
    • Measurements
      • Acres0.2066
      • Square Feet1216
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • CountyRiverside
  • Financial Details
      • Original List Price$299,000
  • Other
      • MLS #24465197

Location

Gina MogaReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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