5571 Central Avenue, Riverside, California 92504, Riverside, 92504 - 5 bed, 3 bath
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Riverside, California 92504
Analysis of 5571 Central Avenue, Riverside, California 92504 is currently available with a list price of $949,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property features a completely rebuilt main residence and a brand-new 2026 ADU, qualifying as a comprehensive renovation under 5 years old. It includes modern systems like paid-off solar, fire sprinklers, and mini-split HVAC, with designer finishes and mint, turnkey condition throughout.
The property features two separate homes on one lot, including a brand-new detached ADU, providing excellent opportunities for rental income or multi-generational living.
A fully paid-off solar system is included with the sale, offering the new owner immediate utility savings without the burden of lease or loan payments.
Both the main residence and the ADU feature modern renovations and new construction, including fire sprinkler systems and premium finishes, ensuring a move-in-ready experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2129, other record living area = 1793. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With two dwellings situated on a 7,405-square-foot lot, private outdoor space and yard area for each unit may be significantly limited.
The $975,000 list price represents a premium for the Riverside 92504 area, which could limit the pool of qualified buyers compared to standard single-family residences.
## TWO HOMES ON ONE LOT | BRAND-NEW DETACHED A.D.U. | PAID-OFF SOLAR | A RARE RIVERSIDE OPPORTUNITY Opportunities like this don't come along often. Welcome to an exceptional turnkey property featuring **two beautifully designed homes on one lot**, offering the perfect combination of luxury living, rental income potential & long-term investment value. Whether you're looking to offset your mortgage with rental income, accommodate extended family, or expand your real estate portfolio, this property delivers unmatched flexibility in today's market. The completely rebuilt & professionally remodeled main residence offers approximately **1,423 square feet** of modern living space with **3 spacious bedrooms & 2 designer bathrooms**, showcasing an open-concept layout, premium finishes, abundant natural light & quality craftsmanship throughout. The newly constructed **2026 detached ADU** offers approximately **852 square feet** with **2 bedrooms, 1 bathroom, a private entrance & separate living space**, making it ideal for extended family, guests, or rental income. Enjoy the benefits of a **fully paid-off solar system** with no lease or loan payments, along with **fire sprinkler systems in both homes** for added safety & peace of mind. Located near shopping, restaurants, schools, parks & major commuter routes, this move-in-ready property is a rare opportunity to own **two exceptional homes on one lot** in one of Riverside's most convenient locations. **Live in one. Rent the other. Invest in your future. Schedule your private showing today before this one is gone!**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,129 | 2,310 |
| Lot Size | 7,405 | 10,019 |
| Price | $949.0K | $849.2K |
| Price per sq ft | $446 | $405 |
| Built year | 2026 | 1969 |
| HOA | $0 | $0 |
| Days on market | 27 | 79 |
Jul 11, 2026
$949,000
$975,000
-3% Price Drop
Initial Listing
Jun 25, 2026
$975,000
Initial Listing
Jun 13, 2024
$428,000
Public Record
Jun 12, 2024
$425,000
Public Record
Jan 12, 2007
$327,000
Public Record
Nov 3, 2006
$230,000
Public Record