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5491 Magnolia Avenue
Riverside, CA 92506
Sold
Excellent location in "Wood Streets" neighborhood a mile away from Riverside Community Hospital, 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 materials 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 spacious and brand-new ADU, fully permitted, offers additional income potential with a dependable tenant already in place. Great income opportunity!!!
PROPERTY INFORMATION
| MLS # | OC24120679 | Lot Size | 10,890 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Single Family Residence |
| Price | $ 725,000
Price Per SqFt: $ 406 |
DOM | 321 Days |
| Address | 5491 Magnolia Avenue | Type | Residential |
| City | Riverside | Sq.Ft. | 1,787 Sq. Ft. |
| Postal Code | 92506 | Garage | N/A |
| County | Riverside | Year Built | 1949 |
| Bed / Bath | 4 / 3 | Parking | N/A |
| Built In | 1949 | Status | Closed |
| Sold Date | 2024-07-19 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Washer Hookup, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | All Bedrooms Down, Family Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| EntryLocation | Main |
| Entry Level | 1 |
| Main Level Bedrooms | 4 |
| Main Level Bathrooms | 3 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $773
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/19/2024 | Sold | $730,000 |
| 07/07/2024 | Pending | $725,000 |
| 06/20/2024 | Active Under Contract | $725,000 |
| 06/13/2024 | Listed | $725,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Javad Abbaszadeh, Realty One Group West. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
