4909 El Molino Avenue, Riverside, California 92504, Riverside, 92504 - 4 bed, 3 bath

4909 El Molino Avenue, Riverside, California 92504 home-pic-0
ACTIVE$785,000
4909 El Molino Avenue, Riverside, California 92504
4Beds
3Baths
2,154Sqft
8,712Lot

Price Vs. Estimate

The estimated value ($785,000) is $0 (0%) lower than the list price ($785,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 2154.
Top Cons:
Age of Original Construction: Built in 1947, despite extensive updates, the underlying older construction may present long-term maintenance considerations not immediately apparent.

Compared to the nearby listings

Price:$785.0K vs avg $630.0K (+$155,000)73%
Size:2,154 sqft vs avg 1,594.5 sqft73%
Price/sqft:$364 vs avg $41227%

More Insights

Built in 1947 (78 years old).
Condition: Despite being built in 1947, this property has undergone extensive and recent renovations, bringing it to a virtually new condition. The description highlights 'modern upgrades' including a gourmet kitchen with granite countertops and stainless steel appliances, updated bathrooms with contemporary fixtures and dual vessel sinks, hardwood floors throughout, and recessed lighting. Crucially, major systems such as the roof, 200-amp electrical panel, water and sewer lines, and water heater are all new or newer, indicating a comprehensive overhaul that meets current quality standards with no deferred maintenance. The property is explicitly described as 'move-in-ready, turn-key'.
Year Built
1947
Close
-
List price
$785K
Original List price
$810K
Price/Sqft
$364
HOA
-
Days on market
-
Sold On
-
MLS number
JT25148989
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Welcome to 4909 El Molino Avenue, an inviting and versatile Riverside gem nestled in the desirable Magnolia Center neighborhood. This beautifully updated single-story residence offers 2,154 sq ft of living space on a manicured and level 8,712 sq ft lot. The home features a dual-living configuration with 3 bedrooms and 2 full baths in the main house, plus a separate attached 1-bed, 1-bath mini-apartment with its own entrance and laundry area—perfect for rental income, guest quarters, or a private office/studio. Modern upgrades include a gourmet kitchen with granite countertops, stainless steel sink, built-in cooktop, breakfast bar, and cozy nook, along with recessed lighting, hardwood floors, dual-pane windows, and a family room featuring a warm wood-burning fireplace and backyard access. A large amount of natural light fills the home, creating a bright and welcoming atmosphere throughout. The private primary suite is situated at the rear and boasts a walk-in closet and dual-sink vanity, while the front-facing secondary bedrooms share a well-appointed hallway bath. The outdoor space includes a natural gas built-in BBQ island and a circular driveway—ideal for entertaining and accommodating multiple vehicles. The original garage has been thoughtfully converted into a stylish and functional bonus space—perfect as a game room, man cave, media lounge, or creative studio. Additional upgrades include a newer roof, fresh stucco exterior, brand-new interior paint, a new 200-amp electrical panel, and all-new water and sewer lines, new water heater. Located on a tree-lined, family-friendly street, this home offers convenient access to local schools, parks, shopping, and major freeways. Combining classic charm with contemporary living, income potential, and thoughtful design, 4909 El Molino Avenue is a move-in-ready, turn-key property ideal for multigenerational living, creative professionals, or anyone seeking comfort, flexibility, and value in one of Riverside’s most sought-after neighborhoods.

Nearby schools

4/10
Mountain View Elementary School
Public,PK-61.0mi
6/10
Pachappa Elementary School
Public,PK-61.4mi
4/10
Washington Elementary School
Public,K-61.8mi
5/10
Alcott Elementary School
Public,K-62.6mi
4/10
Sierra Middle School
Public,7-80.4mi
4/10
Matthew Gage Middle School
Public,7-81.8mi
3/10
Chemawa Middle School
Public,7-82.0mi
2/10
Central Middle School
Public,7-82.2mi
5/10
Ramona High School
Public,9-120.6mi
7/10
Polytechnic High School
Public,9-122.3mi
5/10
Arlington High School
Public,9-122.6mi
Condition Rating
Excellent

Despite being built in 1947, this property has undergone extensive and recent renovations, bringing it to a virtually new condition. The description highlights 'modern upgrades' including a gourmet kitchen with granite countertops and stainless steel appliances, updated bathrooms with contemporary fixtures and dual vessel sinks, hardwood floors throughout, and recessed lighting. Crucially, major systems such as the roof, 200-amp electrical panel, water and sewer lines, and water heater are all new or newer, indicating a comprehensive overhaul that meets current quality standards with no deferred maintenance. The property is explicitly described as 'move-in-ready, turn-key'.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 2154.
Versatile Dual-Living Configuration: Features a separate 1-bed, 1-bath mini-apartment with its own entrance and laundry, ideal for rental income, guest quarters, or multi-generational living.
Extensive Modern Upgrades: Recently updated with a gourmet kitchen, hardwood floors, dual-pane windows, newer roof, new electrical panel, and updated plumbing, ensuring a turn-key experience.
Functional Bonus Space: The thoughtfully converted garage offers a stylish and versatile area perfect for a game room, media lounge, or creative studio, adding significant utility.
Desirable Neighborhood & Location: Located in the sought-after Magnolia Center on a family-friendly, tree-lined street with convenient access to schools, parks, shopping, and major freeways.
Generous & Manicured Outdoor Space: A level 8,712 sq ft lot features a natural gas built-in BBQ island and a circular driveway, enhancing outdoor entertaining and parking.

Cons

Age of Original Construction: Built in 1947, despite extensive updates, the underlying older construction may present long-term maintenance considerations not immediately apparent.
Lack of Traditional Garage: The original garage has been converted into a bonus space, meaning there is no dedicated enclosed garage for vehicle parking or traditional storage.
Recent Price Reductions: Multiple price adjustments from the original listing price may suggest market resistance or an initial overvaluation, potentially impacting perceived value.

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