101 S Olive Avenue, Rialto, California 92376, Rialto, - bed, bath

home-pic
ACTIVE$699,000
101 S Olive Avenue, Rialto, California 92376
0Bed
0Bath
1,824Sqft
14,000Lot
Year Built
1950
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25131985
Home ConditionFair
Features
Patio
View-

About this home

Unique Mixed-Use Opportunity in the Heart of Rialto – Zoned Cottage Commercial! This versatile 4-bedroom, 1.5-bath property offers endless possibilities and is perfect for investors, business owners, or developers. Conveniently located near Downtown Rialto, this corner lot features a circular driveway, ample parking, including handicap-accessible spaces, and a spacious front yard with mature shade trees. Inside, you’ll find a welcoming entry walkway leading to a reception area, family and living rooms, and a dedicated office space, making it ideal for a home-based business or commercial use. The property also includes two detached bonus rooms, perfect for storage, creative workspaces, or additional office space. The large backyard and lot layout offer excellent potential for future expansion, and this property qualifies for the addition of an ADU (Accessory Dwelling Unit). Buyers are encouraged to contact the City of Rialto to explore redevelopment incentives and permitted commercial/residential uses under its flexible Cottage Commercial zoning. This is an ideal opportunity to generate income while planning your vision. Don’t miss out on this rare find with so much potential!

Condition Rating
Fair

The property was built in 1950 and appears to have had some updates, but the kitchen and bathroom are outdated. The carpets and flooring also show their age. While the property seems maintained, it requires minor updates to bring it to modern standards.
Pros & Cons

Pros

Mixed-Use Zoning: Cottage Commercial zoning provides flexibility for residential and commercial uses, appealing to a wide range of buyers.
Development Potential: Large 14,000 sqft lot offers excellent potential for expansion and the addition of an ADU.
Prime Location: Conveniently located near Downtown Rialto, providing easy access to amenities and services.
Ample Parking: Features a circular driveway and ample parking, including handicap-accessible spaces, beneficial for commercial use.
Bonus Rooms: Two detached bonus rooms offer versatile space for storage, creative workspaces, or additional office space.

Cons

Limited Bathrooms: Only 1.5 bathrooms for a 4-bedroom property may be insufficient for some buyers, especially for residential use.
Age of Property: Built in 1950, the property may require updates and repairs to meet modern standards.
Unknown Condition: The description does not explicitly state the condition of the property, which may deter some buyers.

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