Movoto Real Estate
Sold on 12/17/2024
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6248 Riverside Ave, Riverside, CA 92506

$844,200

Last sold 12/17/2024 for $875K

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    bed

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    bath

Multi-family not for sale

About 6248 Riverside Ave

Property type Multi-family
Neighborhood
Year built 1953
HOA fee $0/month
Lot size 9,148 Sqft
Movoto estimate
Rental estimate
Property description
Three dwellings on a lot in the Magnolia Center neighborhood! The spacious main home has 3 bedrooms and 2 full bathrooms, and attached to the rear of the house with a private entrance is an independent 4th room that may be used as a mother-in-law suite with a kitchen and bathroom. Additionally, there is a detached permitted studio fully equipped with an individual bathroom, kitchen and living space. Upon entering the main house, you are welcomed into an updated mid-century home, a comfortable retreat flowing easily between the living area, dining room and updated kitchen illuminated by an abundance of natural light. Enjoy the ample cabinetry and quartz counters. You will appreciate the dual pane windows throughout, the wood-like tile floors, and ceiling fans in all bedrooms. Reap the benefits of a move-in ready ADU with its own address providing an excellent rental income opportunity, as well as the secondary studio attached to the house. All dwellings are single-level and include their own indoor laundry and backyard spaces. Lower taxes and no HOA! The property is well located across the street from the popular Riverside Plaza, near many amenities, schools, and the 91 freeway. This unique configuration of three residences presents an intriguing possibility for those interested in multi-unit living or investment opportunities. Don't wait! Make your appointment today!
Listed by
Listing Agent - MICHELLE GOULD
Listing Agent Contact: 951-264-9055
Listing Office - COLDWELL BANKER REALTY
Source: CRMLS mls logo
MLS#IV24221407 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style One, Traditional
Type Residential Income
SubType Single Family Residence
Status Closed
Lot Size (Acres) 0.21
Lot Size (SqFt) 9148
Year Built 1953
Condition Additions/Alterations, Building Permit, Turnkey, Updated/Remodeled
Interior
Flooring Tile
Appliances Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator
Interior Features Ceiling Fan(s), Crown Molding, Furnished, Quartz Counters
Accessibility Features 2+ Access Exits
Window Features Blinds, Double Pane Windows, ENERGY STAR Qualified Windows
Exterior
Foundation Slab
Construction Drywall Walls, Stucco
Building Area Square Feet, 2439
Roof Shingle
Parking Driveway, Concrete, RV Potential
# Uncovered Spaces 6
# Parking Spaces 6
Other Structures Guest House Detached
Lot Description 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level With Street, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Sprinklers Timer, Yard
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Electric 220 Volts
Spa None
Pool None
Location
View City Lights, Neighborhood
County Riverside
Community Features Curbs, Gutters, Park, Street Lights, Suburban
Neighborhood Magnolia Center
Zoning R1065
Directions Off Central Avenue On Riverside Avenue Across The Street From Riverside Plaza
APN 225171003
Multifamily Details
Operating Expense 3080
Expense: Insurance 2000
Total Expenses 3080
Gross Income 72000
Gross Scheduled Income 72000
Expense: Gardener 720
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Average Studio Area 330
$844K
Range: $787K-$900K
Last 30 days 
Rental est.: $1,489/month
Gross rent multiplier: 49.0
  • Dec 2024
    mls logo MLS # IV24221407
  • Dec 18, 2024 Sold
    $875,000
  • Nov 22, 2024 Pending
    —
  • Nov 19, 2024 Pending
    —
  • Oct 25, 2024 Listed
    $874,900
  • Oct 25, 2024 Listed
    $874,900
  • Dec 2024
    mls logo MLS # IV24220915
  • Dec 18, 2024 Sold
    $875,000
  • Nov 22, 2024 Pending
    —
  • Nov 19, 2024 Pending
    —
  • Oct 25, 2024 Listed
    $874,900
  • Oct 25, 2024 Listed
    $874,900
  • Sep 2024
    mls logo MLS # CV24192474
  • Sep 16, 2024 Listed
    $874,900 (+44.6%)
  • Apr 2022
    mls logo MLS # OC22016645
  • Apr 22, 2022 Sold
    $605,000 (-6.9%)
  • Feb 13, 2022 Active
    —
  • Feb 10, 2022 Price Change
    $650,000 (-7.0%)
  • Jan 27, 2022 Listed
    $699,000 (+28.7%)
  • Mar 2021
    mls logo MLS # IV21048489
  • Mar 8, 2021 Listed
    $543,000 (+24.5%)
  • Apr 2017
    mls logo MLS # IV17018514
  • Apr 6, 2017 Cancelled
    —
  • Mar 20, 2017 Price Change
    $436,000 (-3.5%)
  • Feb 18, 2017 Price Change
    $452,000 (-1.1%)
  • Jan 27, 2017 Listed
    $457,000
  • Jan 27, 2017 Listed
    $457,000 (-2.7%)
  • Jan 2017
    mls logo MLS # LG16726567
  • Jan 24, 2017 Cancelled
    —
  • Nov 15, 2016 Price Change
    $469,900 (-5.8%)
  • Oct 13, 2016 Listed
    $499,000
  • Oct 13, 2016 Listed
    $499,000 (+53.5%)
  • Aug 2016
    mls logo MLS # IG16104863
  • Aug 12, 2016 Sold
    $325,000
  • Aug 10, 2016 Sold
    $325,000 (-7.1%)
  • Jul 1, 2016 Pending
    —
  • Jun 13, 2016 Pending Sale
    —
  • May 17, 2016 Hold Do Not Show
    —
  • May 17, 2016 Listed
    $350,000
  • May 17, 2016 Listed
    $350,000
  • Year Property taxes Tax assessment
  • 2025
    $9,775 +40.6%
    $875,000
  • 2024
    $6,954 +0.4%
    $875,000 +39.01%
  • 2023
    $6,924 +72.2%
    $629,442 +77.09%
  • 2022
    $4,020 +1.2%
    $355,433 +2.0%
  • 2021
    $3,971 +0.8%
    $348,464
  • 2020
    $3,941 +1.9%
    $348,464 +1.04%
  • 2019
    $3,867 +2.0%
    $344,892 +2.0%
  • 2018
    $3,792 +1.8%
    $338,130 +2.0%
  • 2017
    $3,725 +68.2%
    $331,500 +66.13%
  • 2016
    $2,215 +1.5%
    $199,546
  • 2015
    $2,183
    —
  • 6248 Riverside Ave
    $875K
  • Magnolia Center
    $550K -4% y/y
  • 92506
    $740K -2% y/y
  • Riverside
    $682K +2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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