$849,000
●
House -
Off Market
21518 Milam Drive
Riverside, CA 92507
5 Beds
3 Baths,
1
Half Bath
2,824 Ft²
$4,319
Est. Monthly
$150
HOA / Fees
About This Property
Welcome to 2518 Milam Drive in the heart of Riverside-a stunning
newer construction built in 2024, perfectly positioned on a premium
lot. This beautifully designed home offers modern living at its
finest, featuring an open-concept layout filled with natural light
and high-end finishes throughout. Enjoy the benefits of fully
paid-off solar, providing energy efficiency and long-term savings
from day one. The spacious kitchen seamlessly flows into the main
living area, ideal for entertaining and everyday comfort.
Generously sized bedrooms offer privacy and relaxation, while the
expansive backyard provides endless possibilities to create your
dream outdoor space. Conveniently located near shopping, dining,
top-rated schools, and major freeways, this home combines location,
lifestyle, and value. Don't miss this rare opportunity to own a
nearly new home with premium upgrades.
Unit Size
2,824 Ft²
Days on Market
51 days
Land Size
0.17 acres
Price per sqft
$301
Property Type
House
Property Taxes
-
HOA Dues
$150
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #CV26085617)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 10, 2026 | Sold | ||
| Sold | |||
| May 20, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Price Decreased |
$849,000
↓ $26K
(3%) | |
| Price Decreased | |||
| Apr 29, 2026 | Price Decreased |
$875,000
↓ $61K
(6.5%) | |
| Price Decreased | |||
| Apr 19, 2026 | Listed by eXp Realty of Greater Los Angeles | $935,500 | |
| Listed by eXp Realty of Greater Los Angeles | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Riverside
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Listed by: Kinana Allen, eXp Realty of Greater Los Angeles
Last Updated: 5 months ago
Data Source: CRMLS, MLS# CV26085617
Last Updated: 5 months ago
Data Source: CRMLS, MLS# CV26085617
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