Tidal waterfront price cut in Riverside

8 Indian Drive, $16,00 to $14,000. That’s for its rental listing; it dropped its sales ask from $5.8 to $5.6 back in July. It’s always done pretty well when offered for rent, but sales efforts have not been so successful. But just because it didn’t find a buyer at $3.975 in 2021 doesn’t mean someone won’t be tempted at $5.6, right? Especially now that the owners have conceded the obvious and listed it as land.

Built in 1949, well before the global warmist crowd imposed height requirements, it sits in what’s now the AE flood zone, and it will have to be raised to 13-14’ above the flood line before any substantial renovations are performed or new construction to replace the existing structure is begun.