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9631 Magnolia Ave, Riverside, CA 92503
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9631 Magnolia Ave Riverside, CA 92503

$524,000 Sold Price as of 12/26/2019
  • -- Beds
  • -- Baths
  • 3,900 Sq.Ft.
Sold
$524,000 Sold Price as of 12/26/2019 Refinance Your Mortgage
Map preview of 9631 Magnolia Ave, Riverside, CA 92503

Property Overview: 9631 Magnolia Ave Riverside, CA has -- bedrooms, -- bathrooms, 3,900 living square feet and 10,310 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Two tenant, street-front retail property with long-term tenants currently occupying 100% of the property on month-to-month basis. Great for investors or owner-users. Approximately 50' of frontage along busy Magnolia Avenue (ADT = 29,233) in the heart of Riverside. One block southwest of Van Buren Blvd. Close proximity to 91 Freeway (+- 0.50 miles), Cal Baptist University (+- 1.3 miles) and Kaiser Permanente (+- 1.5 miles). Zoned CG - Commercial General, which allows a broad range of intense service commercial, retail, office and repair uses. Abundance of open site area at rear available for parking. Rare opportunity for good retail exposure together with onsite parking. Current tenants are below market. Pro Forma net income of $38,421 and a cap rate of 6.5%.

Listed by JIM TOWERS | BRE #01342640 | TOWERS & ASSOCIATES
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
10,310
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Retail
Status
Sold
MLS#
EV19222354
City
Riverside
County
Riverside
Time on Site
1395 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 2
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.5%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 9631 Magnolia Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot, Level
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 145302017
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: North on Van Buren, west on Magnolia Avenue.
View more facts & features

Local Riverside Agent

Sale History for 9631 Magnolia Ave

Last sold for $524,000 on December 26th, 2019

  • January, 2020

  • Jan 3, 2020

    Date

    Sold

    CRMLS: EV19222354

    $524,000

    Price

  • Oct 12, 2019

    Date

    Pending

    CRMLS: EV19222354

    $595,000

    Price

  • Sep 17, 2019

    Date

    Active

    CRMLS: EV19222354

    $595,000

    Price

  • December, 2019

  • Dec 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $524,000

    Price

Show More

Tax History for 9631 Magnolia Ave

Assessed Value (2020): $524,000
Year Land Value Improved Value Assessed Value
2020 $150,000 $374,000 $524,000

Home Value Compared to the Market

This property vs the competition

9631 Magnolia Ave sold on December 26, 2019 for 11.85% lower 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 $152.56 per/sqft which puts the price per square foot 59.1% lower than the current median sale per square foot for the city of Riverside.

About 9631 Magnolia Ave

Detailed summary of property

9631 Magnolia Ave is a retail that recently sold in Riverside, CA 92503. This retail property offered -- bedrooms, -- bathrooms, roughly 3,900 living square feet, and sits on an approximately 10,310 square foot lot. 9631 Magnolia Ave was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $524,000. 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 11.85% lower than the current median priced home. Local homes that are currently for sale include 17511 Griffin Ln #7, 11964 Sycamore St and 1501 E Artesia Blvd. While the average home in Riverside, CA is selling in 48 days, 9631 Magnolia Ave has a days on market of 55 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 9631 Magnolia Ave Riverside, CA 92503 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 9631 Magnolia Ave

Public county record property details
Beds
--
Baths
--
Year built
1952
Sq. Ft.
--
Lot Size
10,454
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
28
APN
145-302-017

The source for these homes facts are from public records.

92503 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$700,000
Median List Price/Sq.Ft.
$373
Median Sold Price
$632,000
Median Sold Price/Sq.Ft.
$409
Total Inventory
133
Median Sale to List Price %
101.94%
Avg Days on Market
17
Loan Type
Conventional (45.45%), FHA (27.27%), VA (0%), Cash (12.12%), Other (15.15%)

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Recently Sold Homes Near 9631 Magnolia Ave

3770 Van Buren Blvd, Riverside, CA 92503
$525,000 Last Sold Price
-- Beds
-- Baths
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3770 Van Buren Blvd
Riverside, CA 92503
9462 Magnolia Ave, Riverside, CA 92503
$610,000 Last Sold Price
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-- Baths
5450 Sq.Ft.
9462 Magnolia Ave
Riverside, CA 92503
9782 Magnolia Ave, Riverside, CA 92503
$850,000 Last Sold Price
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1396 Sq.Ft.
9782 Magnolia Ave
Riverside, CA 92503
9436 Magnolia Ave, Riverside, CA 92503
$372,561 Last Sold Price
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9436 Magnolia 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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