1222 Center Street, Riverside, CA 92507
1222 Center Street, Riverside, CA 92507
Property Description
Prime Riverside investment and redevelopment opportunity with C-O (Commercial Office) zoning! Situated on a high-visibility corridor surrounded by established residential neighborhoods, newer development, and ongoing revitalization, this unique property is currently configured as a legal nonconforming residence, offering a rare combination of residential use and commercial zoning. Ideal for investors, developers, owner-users, contractors, or business professionals seeking a strategic location with long-term upside. Situated on an approximately 6,534 sq. ft. lot, the existing structure presents an excellent value-add opportunity with the potential to renovate, modernize, or reimagine the property. The C-O zoning provides added flexibility for a variety of potential office and commercial uses, while the existing legal nonconforming residential status creates a unique opportunity not often found in the marketplace. Conveniently located just minutes from Downtown Riverside, UCR, shopping, dining, employment centers, and major transportation routes, this property is well positioned in one of Riverside’s growing corridors. Whether you’re looking for your next investment project, a future business location, or a property with redevelopment potential, this versatile property offers significant possibilities. Buyer to independently verify legal nonconforming status, zoning, permitted uses, land use, permits, and all development possibilities with the City of Riverside and other appropriate governmental agencies.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 5 closed
Riverside · Single Family Residence
Listed 16.5% above the median closed sale of $600,000. Price per sqft ($613) is a 15% premium to closed comps ($532). Closed comps sold at 103% of list — strong seller's market.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 414 Iowa | Riverside | 1948 | 4 | 1 | 1,048 | 6,534 | $510 | $535,000 | 26 | 94 |
| 3665 Ross Street | Riverside | 1955 | 4 | 2 | 1,117 | 6,534 | $558 | $623,000 | 9 | 86 |
| 2891 10th | Riverside | 1908 | 4 | 1 | 1,098 | 6,098 | $426 | $467,500 | 14 | 85 |
| 9721 Indiana | Riverside | 1957 | 3 | 1 | 1,082 | 8,712 | $554 | $599,000 | 31 | 84 |
| 4909 Luther Street | Riverside | 1950 | 3 | 2 | 1,117 | 6,970 | $470 | $525,000 | 10 | 83 |
| Total: 5 · Average | 3.6 | 1.4 | 1,092.4 | 6,969.6 | $503.6 | $549,900 | 18 | |||
| Median | 1,098 | $535,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8774 Jo Jo Way | Riverside | 1953 | 09/30/2026 | 4 | 2 | 1,123 | 6,098 | $630,000 | $630,000 | $561 | 1.00 | 63 | 86 |
| 4744 Cover | Riverside | 1950 | 10/02/2026 | 3 | 2 | 1,067 | 7,841 | $650,000 | $650,000 | $609 | 1.00 | 58 | 84 |
| 3046 Maude | Riverside | 1954 | 10/08/2026 | 3 | 2 | 1,141 | 6,534 | $558,500 | $570,000 | $500 | 1.02 | 51 | 83 |
| 4944 Wilton Place | Riverside | 1952 | 10/09/2026 | 3 | 1 | 988 | 6,098 | $519,000 | $540,000 | $547 | 1.04 | 55 | 83 |
| 4229 Wheeler Street | Riverside | 1960 | 09/21/2026 | 4 | 2 | 1,350 | 7,841 | $559,000 | $600,000 | $444 | 1.07 | 31 | 77 |
| Total: 5 · Average | 3.4 | 1.8 | 1,133.8 | 6,882.4 | $598,000 | $598,000 | $532.2 | — | 51.6 | ||||
| Median | 1,123 | $600,000 | $600,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.