4700 Dewey Ave
Riverside, CA 92506

2.98 Acres
The Subject Property includes two parcels totaling 2.98 acres. The two parcels encompass the entire southern block of Palm Avenue and Dewey Avenue fronting the railroad tracks. There are single family residences surrounding the nearly 3 acres and this long strip of vacant land is one of the last remaining large lots within this neighborhood. The property is zoned R1-7000 and measures approximately 1,291± feet long by 100± feet wide. The parcels are located three blocks west of all major stores, entertainment, shops and restaurants, some of which include Ralphs, Rite Aid, Wells Fargo Bank, Vons, Nordstrom Rack and Regal Cinemas. At a list price of $600,000 this property equates to $4.61/SF or approximately $200,000 per acre. Considering the lack of buildable land in this well-developed area, the property is an affordably priced development project for a local investor or developer.
  • Neighborhood: Magnolia Center
  • Days on Movoto: 161
  • Year Built:
  • HOA:
  • $/Sqft:
  • Lot: 2.98 Acres
  • Property Type: Land
  • MLS#: GD16103001
  • MLS:
  • Listing Office: Keller Williams R. E. Services
  • Listing Broker: Krikor Garabedian
  • Movoto last checked CRMLS for new data 3 hours ago
  • CRMLS last updated this listing 3 days ago

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Real Estate Market Statistics of 4700 Dewey Avenue , Riverside

Riverside, California

Total Inventory For Sale

904 Homes

0% m/m +2% y/y

Median List Price


0% m/m +4% y/y

Median Days On Market

52 Days

+4% m/m -11% y/y

Median House Size

2,025 Sqft

+1% m/m 0% y/y

Median Price Per Square Foot

$209 /Sqft

0% m/m +4% y/y

Median Price

As of , there are 153 properties listed for sale in ZIP code 92506 and 904 properties listed for sale in the city of Riverside, CA. Those 904 properties include 856 single family homes and 48 condos. This property at 4700 Dewey Ave in 92506 is currently listed for $550,000. This is 33% above the median price of $415,000 for Riverside and 10% above the median of $499,000 for 92506. 4700 Dewey Ave is approximately — Sqft, which is 100% below the Riverside median of 2,025 and 100% below the 92506 ZIP code median of 2,493. This property's price per Sqft is —, which is 100% below the median price in 92506 of $231 and 100% below the Riverside median of $209 per square foot.

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This land house is located at 4700 Dewey Ave. It is listed on 05/14/2016 for $550,000. 4700 Dewey Ave is located in the Magnolia Center neighborhood in the Riverside Unified School District. The closest school is Sierra Middle School.

4700 Dewey Ave has been on the market for 161 days. The median days on the market for properties in this area is 52 with a median list price of $415,000 and median cost per square foot of $209. It's currently listed as pending under the MLS #GD16103001.

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