7167 Magnolia AveRiverside, CA 92504

Property Details for 7167 Magnolia Ave

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

0.22 AC

Property size (Sq ft)

2,280 SF

Zone code

R0DS

Property type

Office buildings

APN

227-283-027

APU

227283027

Description

Exceptional investment opportunity: a two-story, 4,828 square foot office building in Riverside, CA, ideally suited for owner-occupancy. This Class C property, located at 7167 Magnolia Ave (APN 227-283-027), is priced at $1,569,100 ($325/sq ft) and sits on a 0.21-acre lot. The building features a flexible layout accommodating one to three tenants, with three separate HVAC units, three electrical meters, three gas meters, and one water meter. The ground floor includes a common area with restrooms and separate entrances to Suite 100 and access to upper-level Suites 200 and 201 (Suite 201 has a private restroom). Parking consists of 14 spaces (13 standard, 1 handicapped), supplemented by ample street parking. The property benefits from a 2017 roof replacement with a 10-year guarantee, well-maintained brick and wood exterior, and building top signage availability. Conveniently located in Magnolia Center, near the 91 freeway (Arlington/Central Ave exits), this property offers easy access and visibility. The building's sewer line allows for simple expansion, and a 40-foot free span provides flexibility for open space or additional offices. While previously used as a medical office, it lacks an elevator. The parking lot requires a slurry coat. This versatile property presents a strong return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $626,636

  6.5%

  $578,433

  7%

  $537,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $399,963

  Geo Method

  $802,492

• Alternative Use

  Use

  Valuation

  Residential

  $717,257

  Hospitality

  $657,004

  Educational

  $546,620

  Medical

  $565,419

  Retail

  $850,297

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9453

Longitude

-117.404

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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