Turnkey Raincross District Bungalow with Rare R3 Zoning & Potential Property Tax Savings through the Mills Act! Discover this beautifully modernized 1911 California bungalow, combining classic turn-of-the-century character with exceptional investment flexibility in Downtown Riverside's premier Raincross District. Radiating exceptional curb appeal with a welcoming 28-foot covered front porch, this completely updated detached home flows into an expansive dual-living layout. This home has over 1,010 square feet of living space, featuring a spacious family room and an elegant formal dining room. The light-filled interior showcases premium laminate flooring, double-pane windows, and a beautifully updated kitchen equipped with granite countertops, upgraded cabinetry, tile flooring, a large walk-in pantry, and a petite breakfast bar. Both generous bedrooms anchor a smart Jack-and-Jill full bathroom layout, complemented by a large indoor laundry room situated directly off the kitchen. Absolute peace of mind is guaranteed with extensive capital improvements, including a newer roof, an upgraded electrical panel, and central air and heating. The private, low-maintenance paver backyard features a secure fenced perimeter enclosing dedicated off-street parking for two vehicles. 200 amp electric meter gives flexibility to car charging. A partial basement provides ideal additional storage or creative workshop potential. Strategically backed by the Downtown Specific Plan, buyers can exploit rare R3 zoning, which permits multi-family expansion, a live/work setup, or professional medical and dental offices. Additionally, the property qualifies for the California Mills Act, offering the next owner up to a 60% permanent reduction in annual property taxes to directly reinvest into the property. Enjoy elite urban walkability just blocks from the historic Mission Inn Hotel, the popular Riverside Food Lab, Riverside Art Museums, and Riverside City College. This perfect starter home is close to shopping, restaurants, worship, and top notch medical care. Must see to appreciate.
17 hours
|
84
|
5
|
Zillow last checked:
Listing updated:
Listed by:
JOSEPH HUELSKAMPDRE #01331563714-585-5554,
EXP REALTY OF CALIFORNIA INC
Source: CRMLS,MLS#: IV26164090Originating MLS: California Regional MLS
Included: Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Features
Ceiling Fan(s), Separate/Formal Dining Room, Eat-in Kitchen, Granite Counters, Open Floorplan, Pantry, All Bedrooms Down, Attic, Bedroom on Main Level, Jack and Jill Bath, Loft, Walk-In Pantry, Wine Cellar
Flooring: Laminate, Tile
Windows: Blinds, Double Pane Windows
Basement: Unfinished,Utility
Has fireplace: No
Fireplace features: None
Common walls with other units/homes: No Common Walls
Electric: Electricity - On Property, Standard, 220 Volts
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, See Remarks, Water Available, Water Connected
Community & HOA
Community
Features: Sidewalks
Location
Region: Riverside
Financial & listing details
Price per square foot: $550/sqft
Tax assessed value: $301,184
Annual tax amount: $3,329
Date on market: 7/29/2026
Listing terms: Cash,Cash to New Loan,Conventional,Contract,Cal Vet Loan,FHA 203(b),FHA 203(k),FHA,Fannie Mae,Freddie Mac,Government Loan,Submit,USDA Loan,VA Loan,VA No Loan
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.