$445,000
●
House -
Off Market
4056 Ramona Drive
Riverside, CA 92506
2 Beds
2 Baths
1,086 Ft²
$2,451
Est. Monthly
About This Property
2 UNITS!!! Check 3D Tour!!!! Charming & Versatile in the Historic
"Wood Streets"! This beautifully updated 2-bedroom, 2-bath home
offers flexibility and income potential with two separate living
areas-upstairs and downstairs-each with its own entrance. The lower
level is perfect as a granny flat, student rental, or guest suite,
while you enjoy the upstairs space, or easily combine into one
home. The home's measured square footage exceeds tax records (buyer
to verify). Relax on the inviting front porch or upstairs balcony,
and enjoy the peaceful private garden area. Ideally located just
down the street from Riverside City College, and close to
Polytechnic High, Central Middle School, shopping centers,
restaurants, Mount Rubidoux, and entertainment. Quick freeway
access makes commuting a breeze. Sitting off the alley for extra
privacy, this property blends historic charm with modern
updates-making it a perfect starter home, investment property, or
multi-generational living solution. Hurry-this one will sell fast!
Unit Size
1,086 Ft²
Days on Market
70 days
Land Size
0.05 acres
Price per sqft
$459
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1931
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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: 2 years ago (CRMLS #IV25169294)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2025 | Sold | ||
| Sold | |||
| Sep 27, 2025 | Price Decreased |
$499,000
↓ $60K
(10.7%) | |
| Price Decreased | |||
| Sep 18, 2025 | Price Decreased |
$559,000
↓ $26K
(4.4%) | |
| Price Decreased | |||
| Jul 26, 2025 | Listed by RE/MAX TIME REALTY | $585,000 | |
| Listed by RE/MAX TIME REALTY | |||
| Jul 29, 2017 | Listed | $265,000 | |
| Listed | |||
| | |||
|
Great 2 Bedroom 2 Bath home for the price. This historic home is located in highly desirable area of "Wood Streets" It features a nice porch with a balcony area, It is a very quiet area and has lots of privacy. Enjoy the nice garden area. The interior has 2 separate living spaces and they both have a kitchen area and their own bath. This house is right down the street from Riverside City College- very close to schools, shopping centers and entertainment. This home sits of the alley right off Ramona Dr. Hurry It wont last at this price!The manager has listed the unit size as 1176 square feet.
| |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Closing Price
Sold On
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HOA + Taxes
About Wood Streets
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Listed by: ALEX ORTIZ, RE/MAX TIME REALTY
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV25169294
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV25169294
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