5571 Central Ave, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
Loading property details...
Riverside, California 92504
This Turnkey Multi-Unit Property is listed at $975,000, reflecting a premium price point relative to its $899,779 Fair Market Value. While priced above market, the property offers a High-Potential Investment Opportunity due to its 2026 Construction and Paid-Off Solar. Featuring a fully remodeled main home and a brand-new detached ADU, this asset provides significant rental income potential. With an Excellent Condition Rating and modern fire safety systems, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack lifestyle in the Riverside Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5571 Central Ave Subject | $975,000* List Price | 3 | 2 | 1,793 | $502 | - |
A 6736 Nicolett Street Sold | $705,000 | 3 | 2 | 1,656 | $426 | 0.9 mi |
B 5470 Greenbrier Dr Active | $685,000 List Price | 3 | 2 | 1,532 | $447 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property features a brand-new 2026 detached ADU and a main home that has been completely rebuilt and remodeled with permits. All systems are new, including HVAC (mini-splits), electrical, plumbing, fire sprinklers, and paid-off solar. The interior shows mint condition with modern flooring, recessed lighting, and high-end finishes, requiring zero maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1793.
The property features a brand-new, detached 2-bedroom ADU with separate access and parking, capable of generating an estimated $2,900+ in monthly rental income.
Equipped with fully paid-off solar systems, this home offers significant long-term value by eliminating future solar payments and drastically reducing utility expenses.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1793, other record living area = 744. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Listed at $975,000, the property sits at a high price tier for the Riverside 92504 area, which may limit the buyer pool to those specifically seeking multi-unit functionality.
Accommodating two separate dwellings and parking for up to five cars on a 7,405 sq. ft. lot significantly limits the remaining private yard space for traditional outdoor activities.
Brand-New Detached ADU + Fully Remodeled Main Home | Paid Solar | Separate Access | Rare Riverside Opportunity Welcome to this beautifully rebuilt and fully remodeled property offering modern living, income potential, and exceptional flexibility! This stunning 3-bedroom, 2-bathroom main home features approximately 1,793 sq. ft. of completely upgraded living space with permits, showcasing high-end finishes, new systems, and quality craftsmanship throughout. The property includes a spacious 2-car garage and an open, modern layout designed for today’s lifestyle. Built in 2026, the newly constructed detached ADU offers approximately 852 sq. ft. with 2 bedrooms and 1 bathroom, complete with its own private entrance and separate driveway parking for up to 3 cars — creating the feel of two separate homes on one lot. Perfect for extended family, rental income, or multigenerational living. The ADU offers incredible income potential, with an estimated rental income of $2,900+ per month, helping offset mortgage payments for the new homeowner. ADU includes fully paid-off solar systems with no future solar payments, providing outstanding energy savings and long-term value. For additional safety and peace of mind, both homes are equipped with professionally installed fire sprinkler systems. Every detail of this property has been thoughtfully designed with modern comfort, efficiency, and functionality in mind. This rare turnkey property combines luxury living, strong rental income potential, energy efficiency, and new construction quality — making it an exceptional opportunity for homeowners and investors alike!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,793 | 1,470 | 66% |
| Lot Size | 7,405 | 8,276 | 41% |
| Price | $975.0K | $619.0K | 84% |
| Price per sq ft | $544 | $424 | 92% |
| Built year | 2026 | 1960 | 99% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 162 | 1% |
May 15, 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