9418 Magnolia Avenue, Riverside, CA 92503

About this business

MOTIVATED SELLER! PRICE REDUCTION! ... A family Mexican food restaurant since 2007, this local favorite has garnered several awards including The Press-Enterprise's "Best Local Restaurant" in 2011. The name, business signs, menu and recipes are part of the sale. The rent is only $2,900 and includes water; the current lease term ends January 2026. With two large dining rooms, the square footage is about 2,000. Monthly utility expenses comprise of electricity $900, natural gas $900, trash $140, and phone/internet $150.

Listing description from the August 2023 sale, as reported to CRMLS.

Sale history

$100,000

Sold August 2023 · listed $115,000, orig. $150,000, on market February 2023 · MLS #IV23022010 · Source: CRMLS

Listing Agent: MARVIN E. PORTILLO · Listing Office: ALLIED, REALTORS · Contact: 909-437-3012 · Bought with: MARVIN E. PORTILLO · ALLIED, REALTORS

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