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5491 Magnolia AVE Riverside, CA 92506
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Key Details
Sold Price $730,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,787 sqft
Price per Sqft $408
MLS Listing ID OC24120679
Sold Date 07/19/24
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1949
Lot Size 10,890 Sqft
Property Description
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!!!
Location
State CA
County Riverside
Area 252 - Riverside
Zoning R1065
Rooms
Main Level Bedrooms 4
Interior
Interior Features All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dryer, Washer
Laundry Washer Hookup
Exterior
Pool None
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Front Yard, Ranch
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
High Schools Call District
School District Riverside Unified
Others
Senior Community No
Tax ID 218221026
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Financing Conventional
Special Listing Condition Standard
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Bought with AVA RANDELIA • OFFERCITY HOMES