$600,000
●
House -
In Contract
4832 Mitchell Avenue
Riverside, CA 92505
3 Beds
2 Baths
1,166 Ft²
$2,947
Est. Monthly
About This Property
Rare opportunity to own a property on a 7,841 sq. ft. lot zoned
R-3-1500 in Riverside! The R-3-1500 zoning allows for a minimum lot
size of 1,500 sq. ft., offering excellent development potential. Up
to three units with separate addresses may be possible, providing a
great opportunity for investors or buyers looking to maximize the
property's potential. Buyer to verify zoning, development
potential, and requirements with the City of Riverside.
The location is incredibly convenient, with easy access to major freeways, shopping centers, and just a short drive from Orange County.
The home was upgraded approximately one year ago, featuring brand-new kitchen cabinets and quartz countertops, new kitchen appliances, new split-system AC units, new vinyl flooring, new doors, new dual-pane windows, and new remote-controlled gates.
The spacious side yard provides enough room to park an RV, regular vehicles, or pickup trucks, there're no homes directly across the street, the property offers plenty of convenient street parking.
No HOA, Low property tax rate.
The location is incredibly convenient, with easy access to major freeways, shopping centers, and just a short drive from Orange County.
The home was upgraded approximately one year ago, featuring brand-new kitchen cabinets and quartz countertops, new kitchen appliances, new split-system AC units, new vinyl flooring, new doors, new dual-pane windows, and new remote-controlled gates.
The spacious side yard provides enough room to park an RV, regular vehicles, or pickup trucks, there're no homes directly across the street, the property offers plenty of convenient street parking.
No HOA, Low property tax rate.
Unit Size
1,166 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$515
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1926
Listed By
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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: 4 days ago (CRMLS #WS26195036)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2026 | In contract | - | |
| In contract | |||
| Sep 22, 2026 | Price Decreased |
$600,000
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Sep 2, 2026 | Listed by iTao Realty Corp | $650,000 | |
| Listed by iTao Realty Corp | |||
| Sep 19, 2025 | Sold | ||
| Sold | |||
| Aug 9, 2025 | Price Increased |
$598,500
↑ $12K
(2%) | |
| Price Increased | |||
Show More
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: AllBedroomsDown, MainLevelPrimary
Appliances: Dishwasher, Gas Range
Laundry Features: Washer Hookup, Inside
Fireplace Features: None
Exterior Details
Square Footage: 1166
Square Footage Source: $0
Year Built Source: Public Records
Year Built: 1926
Levels: One
Pool Features: None
Lot Features: SixToTenUnitsAcre
Lot Size Area: 7841
Lot Size Units: Square Feet
Lot Size Acres: 0.18
Lot Size Square Feet: 7841
Tax Lot: 21
Water Source: Public
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Central
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About La Sierra
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Listed by: FANGHUA LI, iTao Realty Corp
Last Updated: 4 days ago
Data Source: CRMLS, MLS# WS26195036
Last Updated: 4 days ago
Data Source: CRMLS, MLS# WS26195036
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