$600,000
●
House -
Off Market
6844 Palomar Way
Riverside, CA 92504
4 Beds
2 Baths
1,873 Ft²
$2,947
Est. Monthly
About This Property
Absolutely delightful, single-story home in Riverside's Magnolia
Center! This timeless 1948 residence boasts 4 bedrooms and 2
bathrooms across a well-planned 1,873 sq ft floor plan, set atop a
spacious 7,841 sq ft lot. Enter through mature landscaping into a
warm living area anchored by a cozy fireplace perfect for
gathering. The open layout flows through to the kitchen and dining
space, while the attached two-car garage offers convenience and
functionality.
Enjoy uplifting mountain views and a walkable neighborhood with nearby shops, restaurants, and the charming character of Magnolia Center, often called Riverside's "second downtown." Families will appreciate being close to local schools including Jefferson Elementary, Sierra Middle, and Ramona High.
Enjoy uplifting mountain views and a walkable neighborhood with nearby shops, restaurants, and the charming character of Magnolia Center, often called Riverside's "second downtown." Families will appreciate being close to local schools including Jefferson Elementary, Sierra Middle, and Ramona High.
Unit Size
1,873 Ft²
Days on Market
85 days
Land Size
0.18 acres
Price per sqft
$320
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
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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: 12 months ago (CRMLS #IV25175789)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Sep 18, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Increased |
$600,000
↑ $5K
(0.8%) | |
| Price Increased | |||
| Sep 5, 2025 | Price Decreased |
$595,000
↓ $40K
(6.3%) | |
| Price Decreased | |||
| Jul 31, 2025 | Listed by BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY | $634,900 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
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About Magnolia Center
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Listed by: JESUS ESPINOZA, BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Last Updated: 12 months ago
Data Source: CRMLS, MLS# IV25175789
Last Updated: 12 months ago
Data Source: CRMLS, MLS# IV25175789
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