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Financial
Distress signals
Property profile

3590 Central Ave Riverside, CA 92506

FOR SALE
Banks
Property ID
US09-3173587
18,496 SF 1 ac lot Built 1977
Last sale Feb 1996 · $5,275,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Riverside, CA investment opportunity presents a 111,382 square foot, multi-tenant office and retail complex situated on a 5.06-acre lot. The property, comprised of four buildings, boasts 96% occupancy and features 439 parking spaces. Built in 1968 and extensively renovated in 2018, it enjoys a highly desirable location in the Magnolia Center neighborhood, less than four miles from Riverside Municipal Airport and three miles from the revitalized downtown area. The property…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$19k
Tax billed · 2024
Assessed value$1.68M
Assessed land$787k
Assessed improvement$892k
Effective rate1.12%

Value estimate

· Oct 2026
$1.11M
$995k – $1.22M
AI approach$720k
Submarket $/SF estimate$1.49M
NOI build-up
Gross scheduled income$2.94M
Vacancy & credit loss−$184k
Operating expenses−$689k
NOI · 8.99% cap applied$2.07M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$527/SF
County average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$297 – $824

Cap rate analysis

How does the asset earn?
8.99%
$2.07M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionRIVERSIDE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand index
Electrical Service11.2
Parking Facility11.1
Catering Service9.3

Location

3590 Central Ave Riverside, CA 92506
County assessor Recorded deeds · 11 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6714 Brockton, Riverside, CA 92506-3022 $1,641,840 Jun 2025 8,272 SF
6730 Magnolia, Riverside, CA 92506-2908 $1,500,000 Oct 2024 7,121 SF
6370 Brockton, Riverside, CA 92506-2091 $525,000 Nov 2023 6,800 SF
3780 Elizabeth, Riverside, CA 92506 $525,000 Jul 2023 4,409 SF
6710 Brockton, Riverside, CA 92506-3022 $1,120,000 Nov 2022 6,250 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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