Norwood Ave

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Norwood Ave

Riverside, CA 92505
Asking Price
$300K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Large 3.39-acre parcel available for sale in Riverside.
  • Property is situated in the active Southern California market.
  • Purchase price for the land is set at $300,000.
  • Geographic location defined by coordinates 33.9200, -117.4881.
  • Suitable for developers seeking land in the inland region.

What's Special

This 3.39-acre land parcel in Riverside, California, is currently available for purchase, presenting a viable acquisition for investors or developers seeking to expand their portfolio in the Inland Empire. The property is positioned to serve a growing suburban market that benefits from the broader economic strength of the Riverside metropolitan region. Proximity to major transportation arteries allows for efficient regional connectivity, while the area’s continued population growth supports diverse development strategies. Given the expansive size of the lot, this land is suitable for a variety of project scopes, ranging from commercial expansion to custom ground-up construction. Buyers can leverage the significant footprint to tailor the site to specific operational requirements. The site offers a clean canvas in a well-established submarket, making it a functional addition for those focused on long-term land banking or immediate site planning in Southern California.

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NOI
$80,000
Cap Rate
26.67%
DSCR
4.49
Strong
Cash-on-Cash
69.10%
Monthly Payment
$1,484.236
Annual Cash Flow
$62,189.164

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