407 Iowa Ave , Riverside, CA 92507
$1,650,000
Est. Payment: $8,302.54/mo
0 Bed
0 Bath
4536 Sqft
Status: active | Days on site: 320
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

This exceptional investment opportunity features a flat, fully fenced 1.74-acre lot with two separate commercial buildings, each assigned its own address: 407 Iowa Ave and 421 Iowa Ave. 407 Iowa Ave 2,152 sq ft standalone building Currently leased and operating as a restaurant, generating immediate income 421 Iowa Ave 2,384 sq ft building divided into two commercial units: One unit formerly a bakery One unit formerly a barber shop Flexible layout ideal for owner-use or lease-up potential Property Features Flat, level lot for ease of access and future development Enclosed with a common block wall for added security and privacy Multiple income streams from established tenants and vacant units ready for lease or repurposing Ideal for investors seeking cash flow or owner-users looking for a versatile commercial space This property offers a rare blend of income generation, flexibility, and security—positioned perfectly for long-term investment or immediate business use.

Highlights

Listed by SHAKER MOHAMMAD , 951-250-1485 A ONE PLUS REALTY INCORPORATED , 951-250-1485. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
1.74

Year Built

1957

County

Riverside

Area

252 - Riverside

Listing ID

IV25173310

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Other:Public

Exterior Features

Lot:Level,Street Level,Value In Land,No Land Lease
Principal Interest
$8,303
Taxes
$1,052

Home Price

$1,650,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$330,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,302.54

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,302.54 $1,051.88 $0.00 $9,354.41
Yearly $99,630.47 $12,622.50 $0.00 $112,252.97
Total $2,988,914.09 $378,675.00 $0.00 $3,367,589.09

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Current Listings

Last 30 Days
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Aug 2026

Average Price

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Aug 2026

Average Days on Market

All Price Ranges
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Aug 2026
Market insight data is pulled from the same city as the listing being viewed (Riverside, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T14:37:52.000Z

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