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5491 Magnolia Avenue
Listed by Javad Abbaszadeh CA DRE# 01714060 with Realty One Group West 424-666-9379
Sold

5491 Magnolia Avenue

5491 Magnolia Avenue, Riverside, CA 92506

$730,000
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!!!

4
beds

3
baths

1,787 Sq.Ft. LIVING AREA

10,890 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms4
  • Total bathrooms3
  • full bathrooms3
  • Laundry room Washer Hookup
  • Fireplace None
  • APPLIANCES Dryer, Washer
  • other interior Features All Bedrooms Down, Bedroom on Main Level, Main Level Primary

Area & Lot

  • Status Sold
  • Date Sold July 19, 2024
  • Living Area1,787 Sq.Ft.
  • Lot Area10,890 Sq.Ft.
  • MLS® IDOC24120679
  • TypeResidential
  • YEAR BUILT1949
  • View DescriptionNeighborhood
  • High SchoolCall District
  • School DistrictRiverside Unified

Exterior

  • STORIES1
  • water SourcePublic
  • PoolNone
  • lot featuresBack Yard, Corner Lot, Front Yard, Ranch
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer

Financial

  • Sales Price$730,000
  • Zoning R1065

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