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$725,000   Price Analysis
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5491 Magnolia Ave
Riverside, CA 92506
4 bed 3 bath 1,787 SqFt ($405/SqFt)
0.25 acre lot. Built 1949
Listed 2024-06-14, Taxes $5,353
Ⓧ USDA Ineligible
due to location

near Riverside

Excellent location in Wood Streets neigh borhood a mile away from Riverside Community Hospital

* Sale Pending *

Riverside City College and Mission Inn (Downtown Riverside) and easy access to the 91 Freeway. Presenting this beautifully refreshed and extensively remodeled Riverside contemporary interior with farmhouse flair and a large, brand new with fully permitted ADU, each occupied by tenants, further enhancing the income potential of this investment and positioned on a tree-lined street with charming curb appeal. The main house has undergone a comprehensive transformation, featuring trendy finishes and top-quality materals throughout.

From sleek granite countertops to gleaming hardwood flooring. Modern upgrades abound, including a state-of-the-art HVAC system, tankless water heater and Mini split, ensuring comfort and efficiency year-round. Whether you're an astute investor seeking lucrative rental opportunities or a homeowner looking to maximize your property's earning potential. Furthermore, the big and brand-new ADU, fully permitted, offers additional income potential with a dependable tenant already in place. Great income opportunity!!!


Presented by Javad Abbaszadeh at
Realty ONE Group West.
Listing Agent Photo

Property MLS #OC24120679 from CRMLS

Bedrooms: 4
Bedrooms On Main Level: 4

Total Bathrooms: 3
Full Bathrooms: 3
Bathrooms On Main Level: 3

All Bedrooms Down, Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom

Laundry Features: Dryer Included, Washer Hookup, Washer Included

Cooling Features: Central Air
Heating Features: Central
Heating: Yes

Lot Description: Back Yard, Corner Lot, Front Yard, Ranch
Lot Size Acres: 0.25
Lot Size Source: Assessor
Lot Size Square Feet: 10890

View: Neighborhood

Number of Units: 2

High School: Call District
School District: Riverside Unified

Magnolia Elementary School is a public elementary school located approximately 0.3 miles away.
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Central Middle School is a public middle school located approximately 0.5 miles away.
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Polytechnic High School is a public high school located approximately 1.5 miles away.
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St. Paul Lutheran is a private elementary and middle school located approximately 0.3 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Sidewalks, Street Lights

Source Listing Status: Pending
County: Riverside
Directions: Central Ave to Magnolia Ave/Linwood Pl
Source Property Type: Residential
Exclusions: Shed in the back yard of ADU.
Area: 252 - Riverside
Source Neighborhood: 252 - Riverside
Parcel Number: 218221026
Postal Code Plus 4: 1818
Zoning: R1065
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$383,520 + $91,800
$475,320
$5,353
2021$188,561 + $58,013
$246,574
$2,834
2020$186,628 + $57,419
$244,047
$2,735
2019$182,969 + $56,294
$239,263
$2,682
2018$179,382 + $55,191
$234,573
$2,629
2017$175,865 + $54,109
$229,974
$2,582
2016$172,417 + $53,049
$225,466
$2,417
2015$169,828 + $52,253
$222,081
$2,381
2014$166,502 + $51,231
$217,733
$2,357
2013$165,750 + $51,000
$216,750
$2,345
2012$183,000 + $50,000
$233,000
$2,583
2010$138,000 + $38,000
$176,000
$2,098
2009$144,000 + $40,000
$184,000
$2,046
2009$147,000 + $41,000
$188,000
$2,046
2008$249,383 + $68,978
$318,361
$3,458
2007$244,494 + $67,626
$312,120
$3,370

Listed 2024-06-14
$725,000
CRMLS
Listing removed 2024-05-09
$0
CRMLS
Listed 2024-05-01
$765,000
CRMLS
Sold 2021-02-26
$466,000
CRMLS
Sold 2012-06-01
$212,500
SoCalMLS
Listed 2012-04-26
$214,900
SoCalMLS
Sold 2004-07-16
$300,000
Public Record
Sold 1987-07-15
$77,500
Public Record

Total Square Feet Living: 1787
Year Built: 1949
Common Walls: No Common Walls
Entry Level: 1
Entry Location: Main
Property Age: 75
Levels or Stories: One
Building Total Stories: 1
Structure Type: House
Year Built Source: Public Records

Sewer: Public Sewer
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.