Riverside, CA

$1,650,000

407 Iowa Avenue, Riverside, CA

1957

Built

320

Days listed

About this home

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.

Facts & features

Interior

Heating: None
Laundry: None

Exterior & lot

Lot size: 1.74 acres (75,794 sq ft)
Year built: 1957

Community

Area: 252 - Riverside
County: Riverside

Listing details

Status: Active
Property type: Business
Days on market: 320
Listed: 2025-08-01
Original price: $1,750,000
Parcel #: 247081020
MLS #: IV25173310

Listed by

SHAKER MOHAMMAD · A ONE PLUS REALTY INCORPORATED

951-250-1485 shakermohammad@ymail.comDRE #01737829

Location

Price history

Listed: $1,750,000 · 2025-08-01
Price reduced: $1,650,000 (−$100,000)
Days on market: 320
Current price: $1,650,000

Financing

Could this home be yours?

Estimated monthly payment

$10,351

$8,343 principal & interest · $2,008 taxes & insurance

Down payment (20%)

$330,000

Est. rate (%)

Estimate only

Term (years)

Loan $1,320,000

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

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Listing data provided by CRMLS

Listing courtesy of A ONE PLUS REALTY INCORPORATED. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.