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Investment Group Buys Historic Riverside Property

Life Arts Center Sold for $4.2 Million
The commercial property was built in 1901 on 1.2 acres in the Inland Empire's Riverside County. (CoStar)
The commercial property was built in 1901 on 1.2 acres in the Inland Empire's Riverside County. (CoStar)
By Joe Scheitlin
April 6, 2022 | 9:06 P.M.

A local investment group purchased the historic Life Arts Center at 3485 University Ave. in Riverside, California, from a private firm for $4.2 million, or about $81 per square foot.

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