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5890 Magnolia Ave, Riverside, CA 92506
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5890 Magnolia Ave Riverside, CA 92506

$915,000 Sold Price as of 07/28/2023
  • -- Beds
  • 45 Baths
  • 5,840 Sq.Ft.
Sold
$915,000 Sold Price as of 07/28/2023 Refinance Your Mortgage
Map preview of 5890 Magnolia Ave, Riverside, CA 92506

Property Overview: 5890 Magnolia Ave Riverside, CA has -- bedrooms, 45 bathrooms, 5,840 living square feet and 14,810 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 9 Unit complex with long term businesses. Located on busy Magnolia Ave, near Jurupa Ave, near the 'Wood Streets’ neighborhood. Addresses include 5892 – 5908 Magnolia and additional parcel 219-282-004 (Parking lot, address 5874 Magnolia) is included. 9 electric meters and independent HVAC units, 1 bathroom per suite, shared water meter. Natural gas available on site. New potable water pipes installed in 2020. Tenants have remodeled suites in the past 2 years. Additionally there is 1 shared restroom. Property next door is also for sale – 5858 Magnolia.

Listed by Michelle Sperry | BRE #01341306 | The Sperry Team, Inc
Last checked: 5 minutes ago | Last updated: July 31st, 2023 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
14,810
HOA Dues
$0/mo
Year built
1951
Garage
--
Property Type:
Office
Status
Sold
MLS#
SW23081793
City
Riverside
County
Riverside
Time on Site
347 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 2
  • # of Leased Units: 9
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $950
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 4
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 5
  • # of Beds: --
  • # of Baths: 1
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $830
  • Total Rent: --
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $1,100
  • Total Rent: --
Unit Breakdown 6
  • # of Units: 6
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $850
  • Total Rent: --
Unit Breakdown 7
  • # of Units: 8
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $500
  • Total Rent: --
Unit Breakdown 8
  • # of Units: 9
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $1,000
  • Total Rent: --
Unit Breakdown 9
  • # of Units: 7
  • # of Beds: --
  • # of Baths: 1
  • Actual Rent: $800
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --
  • Insurance: $2,856

Property Details for 5890 Magnolia Ave

Interior Features
Cooling Information
  • Has Cooling
  • See Remarks
Heating Information
  • Has Heating
  • See Remarks
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 9
  • Parcel Number: 218282003
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: Magnolia Ave near Jurupa Ave
View more facts & features

Local Riverside Agent

Sale History for 5890 Magnolia Ave

Last sold for $915,000 on July 28th, 2023

  • July, 2023

  • Jul 28, 2023

    Date

    Sold

    CRMLS: SW23081793

    $915,000

    Price

  • May 11, 2023

    Date

    Active

    CRMLS: SW23081793

    $1,000,000

    Price

  • March, 2006

  • Mar 31, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5890 Magnolia Ave

Assessed Value (2020): $338,607
Year Land Value Improved Value Assessed Value
2020 $104,484 $234,123 $338,607

Home Value Compared to the Market

This property vs the competition

5890 Magnolia Ave sold on July 28, 2023 for 48.15% higher than the current median sold price for the city of Riverside which is $675,000. The median sold price per/sqft for Riverside is $373 and this home is sold at $171.23 per/sqft which puts the price per square foot 54.09% lower than the current median sale per square foot for the city of Riverside.

About 5890 Magnolia Ave

Detailed summary of property

5890 Magnolia Ave is a office that recently sold in Riverside, CA 92506. This office offered -- bedrooms, 45 bathrooms, roughly 5,840 living square feet, and sits on an approximately 14,810 square foot lot. 5890 Magnolia Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $915,000. Home in Riverside are selling for a median price of $675,000 and a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is sold 48.15% higher than the current median priced home. While the average home in Riverside, CA is selling in 48 days, 5890 Magnolia Ave has a days on market of 28 days. There are currently 681 homes for sale in the Riverside real estate market and 631 of them are single family homes while 44 of them are condos and 6 are townhomes. For more information on this home for sale at 5890 Magnolia 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 5890 Magnolia Ave

Public county record property details
Beds
--
Baths
--
Year built
1951
Sq. Ft.
--
Lot Size
14,810
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
19,20
APN
218-282-003

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
$749,000
Median List Price/Sq.Ft.
$386
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$365
Total Inventory
121
Median Sale to List Price %
100.01%
Avg Days on Market
31
Loan Type
Conventional (28%), FHA (28%), VA (0%), Cash (28%), Other (16%)

Thinking of Selling?

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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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