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1071 Center Street, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath

1071 Center Street, Riverside, California 92507 home-pic-0
ACTIVE$449,990
1071 Center Street, Riverside, California 92507
4Beds
2Baths
1,500Sqft
4,792Lot
Year Built
1900
Close
-
List price
$450K
Original List price
$500K
Price/Sqft
$300
HOA
-
Days on market
-
Sold On
-
MLS number
IV25264547
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

We found 4 Cons,5 Pros.

"Welcome to this expansive 3,500 square foot property with endless possibilities for entrepreneurs seeking a live-work space. Situated on a bustling street with alley access, this commercial C-1, C-P zoned property features a spacious shop downstairs with large garage doors, warehouse space, and a bathroom with washer/dryer hookups. Upstairs, discover a comfortable living space with 4 bedrooms and 2 bathrooms, offering the perfect blend of work and relaxation. Ideal for mechanics, tire shops, or body shops, this property awaits your personal touch and vision to unlock its full potential. With its convenient location near schools, shops, gas stations, and freeway access, this property offers prime visibility and accessibility for your business endeavors. Don't miss this opportunity to transform this property into your dream live-work space."

Price History

Date
Event
Price
12/05/25
Price Change
$449,990-10.0%
11/21/25
Listing
$499,990
Condition Rating
Poor
Built in 1900, this property is significantly aged. The images reveal a very dated kitchen with old cabinets, worn laminate countertops, and no visible modern appliances. The bathroom features an old vanity, sink, and what appears to be a concrete or heavily worn floor, indicating poor condition. Flooring in the living areas is worn laminate. The description explicitly states the property 'awaits your personal touch and vision' and suggests 'substantial investment in renovations or upgrades will be necessary,' which aligns with the 'poor' condition criteria of requiring substantial repairs and rehabilitation, especially for a property of this age where major systems are likely beyond their expected lifespan.
Pros & Cons

Pros

Mixed-Use Zoning & Versatility: Commercial C-1, C-P zoning explicitly supports a live-work setup, offering significant flexibility for entrepreneurs to operate a business while residing on-site.
Strategic Commercial Location: Situated on a bustling street with alley access, providing prime visibility, high traffic potential, and excellent accessibility near freeways, schools, and amenities.
Dedicated Commercial Infrastructure: Features a spacious downstairs shop with large garage doors, warehouse space, and a bathroom with laundry hookups, ideal for specific trades like automotive services.
Generous Property Size: An expansive 3,500 square foot property provides ample space for both substantial commercial operations and a comfortable 4-bedroom, 2-bathroom residential unit.
Aesthetic Appeal (Mountain Views): The property benefits from desirable mountain views, enhancing the living environment and overall appeal.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 3500.
Historic Property Age: Built in 1900, the property is likely to require significant updates to its infrastructure (e.g., electrical, plumbing, HVAC) and general modernization to meet contemporary standards.
Renovation/Upgrade Potential: The description 'awaits your personal touch and vision' suggests that substantial investment in renovations or upgrades will be necessary to fully realize its potential and optimize functionality.
Recent Price Adjustment: A recent price reduction from $499,990 to $449,990 may indicate initial overpricing or challenges in market absorption, potentially signaling a need for further market analysis.

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