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5005 Olivewood Ave, Riverside, CA 92506
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5005 Olivewood Ave Riverside, CA 92506

$575,000 Sold Price as of 09/27/2021
  • 4 Beds
  • 2 Baths
  • 2,442 Sq.Ft.
Sold
$575,000 Sold Price as of 09/27/2021 Refinance Your Mortgage
Map preview of 5005 Olivewood Ave, Riverside, CA 92506

Property Overview: 5005 Olivewood Ave Riverside, CA has 4 bedrooms, 2 bathrooms, 2,442 living square feet and 9,148 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Nice duplex, large lot zoning for R3, well maintained by owner and tenants. A very good investment, near Riverside City College, Easy 60, 91 and 215 Fwy access. A new bath tub recently installed in one unit. Laminate flooring. This is a 1031 exchange, the owner shall find a replacement property and close the escrow concurrently.

Listed by Su-Chih Brewer | BRE #01137924 | SAB Services, Inc.
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft
9,148
HOA Dues
$0/mo
Year built
1927
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
TR21142687
City
Riverside
County
Riverside
Time on Site
1178 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Leased Units: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $1,400
  • Pro Forma/Market Rent: $1,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,300
  • Total Rent: $1,300
  • Pro Forma/Market Rent: $1,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $2,800
  • Net Operating Income: $2,329
  • Gross Operating Income: $2,800
Annual Expense Breakdown
  • Total Operating Expense: $471
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Gardener: $900
  • Insurance: $1,298
  • Water/Sewer: $500
  • Other Expenses: $2,198

Property Details for 5005 Olivewood Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • In Kitchen
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Vinyl
  • Kitchen, Laundry, Living Room
Kitchen Information
  • Has Appliances
  • Convection Oven, Gas Oven, Gas Cooktop, Gas Water Heater
Interior Features
  • Ceiling Fan(s)
  • Levels: One
  • Window Features: Blinds
  • Door Features: Panel Doors
Exterior Features
Exterior Information
  • Roof: Tile
  • Has Fence
  • Average Condition, Block, Wood
  • Other Structures: Two On A Lot
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Boat
Lot Information
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 2
  • Parcel Number: 219163020
  • Year Built Source: Public Records
  • Architectural Style: Traditional
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Termite Clearance
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 91 Fwy exit on 14th Street to Olivewood Ave. then go south
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Riverside Agent

Sale History for 5005 Olivewood Ave

Last sold for $575,000 on September 27th, 2021

  • August, 2021

  • Aug 31, 2021

    Date

    Pending

    CRMLS: TR21142687

    $644,000

    Price

  • Aug 28, 2021

    Date

    Active Under Contract

    CRMLS: TR21142687

    $644,000

    Price

  • Aug 11, 2021

    Date

    Pending

    CRMLS: TR21142687

    $644,000

    Price

  • Jul 1, 2021

    Date

    Active

    CRMLS: TR21142687

    $644,000

    Price

  • September, 2020

  • Sep 29, 2020

    Date

    Leased

    CRMLS: TR20190157

    $1,400

    Price

  • Sep 22, 2020

    Date

    Pending

    CRMLS: TR20190157

    $1,400

    Price

  • Sep 13, 2020

    Date

    Active

    CRMLS: TR20190157

    $1,400

    Price

  • Listing provided courtesy of CRMLS

    One unit of a duplex after minor touchups, will be ready to move-in by 9/19. Near Riverside City College, easy 91 FWY access. Open floor plan with Large living room, with Dining area, 2 large bedrooms with mirrored closet doors, and large backyard.

  • October, 2012

  • Oct 1, 2012

    Date

    Sold (Public Records)

    Public Records

    $470,000

    Price

  • March, 2007

  • Mar 12, 2007

    Date

    Sold (Public Records)

    Public Records

    $340,000

    Price

Show More

Tax History for 5005 Olivewood Ave

Assessed Value (2020): $264,598
Year Land Value Improved Value Assessed Value
2020 $90,075 $174,523 $264,598

Home Value Compared to the Market

This property vs the competition

5005 Olivewood Ave sold on September 27, 2021 for 0.92% lower than the current median sold price for the city of Riverside which is $650,000. The median sold price per/sqft for Riverside is $389 and this home is sold at $263.72 per/sqft which puts the price per square foot 32.21% lower than the current median sale per square foot for the city of Riverside.

About 5005 Olivewood Ave

Detailed summary of property

5005 Olivewood Ave is a single family home that recently sold in Riverside, CA 92506. This house offered 4 bedrooms, 2 bathrooms, roughly 2,442 living square feet, and sits on an approximately 9,148 square foot lot. 5005 Olivewood Ave was first listed on ArdentRealEstateGroup.com on July 1, 2021. The homeowner sold the property for $575,000. Home in Riverside are selling for a median price of $650,000 and a median price per square foot of $389. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 0.92% lower than the current median priced home. Local homes that are currently for sale include 4397 Cover St, 5858 Maybrook Circle and 6728 Mount Whitney Ave. While the average home in Riverside, CA is selling in 53 days, 5005 Olivewood Ave has a days on market of 32 days. There are currently 789 homes for sale in the Riverside real estate market and 726 of them are single family homes while 54 of them are condos and 9 are townhomes. For more information on this home for sale at 5005 Olivewood Ave Riverside, CA 92506 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 5005 Olivewood Ave

Public county record property details
Beds
4
Baths
2
Year built
1927
Sq. Ft.
2,442
Lot Size
9,147
Stories
1
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
219-163-020

The source for these homes facts are from public records.

92506 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$760,000
Median List Price/Sq.Ft.
$389
Median Sold Price
$640,000
Median Sold Price/Sq.Ft.
$400
Total Inventory
134
Median Sale to List Price %
98.46%
Avg Days on Market
30
Loan Type
Conventional (52.5%), FHA (10%), VA (2.5%), Cash (20%), Other (15%)

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Recently Sold Homes Near 5005 Olivewood Ave

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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