This charming 1-bedroom, 1-bath home has been completely remodeled in 2023, offering modern comfort in a compact 396-square-foot space. Nestled on a sizable lot in the heart of Riverside, this property features a brand-new kitchen, bathroom, roof, windows, electrical wiring, plumbing, and HVAC system. Additional upgrades include a new driveway and fencing, making this home move-in ready.
What truly sets this property apart is its potential. With two permitted easements, it’s an investor’s dream—the lot is ready for a new main house build on the front of the property, where the original home once stood.
Located near major freeways, shopping, dining, and entertainment, this property offers an unbeatable combination of convenience and opportunity. Whether you're looking for a starter home, a rental property, or a prime development opportunity, this one checks all the boxes!
Sold for $450,000
Listed by: EXP REALTY OF CALIFORNIA INC • ADAM SCHWARZ • Contact: 951-445-4200
Bought with: Mission Real Estate
$450,000
4554 Merrill Ave, Riverside, CA 92506
1beds
396sqft
Single Family Residence
Built in 1944
6,534 Square Feet Lot
$467,100 Zestimate®
$1,136/sqft
$1,613 Estimated rent
Home value
$467,100
$420,000 - $518,000
$1,613/mo
Zestimate® history
Owner options
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$2,863/mo
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$2,863/mo
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List your homeWhat's special
Sizable lotModern comfortBrand-new kitchenNew driveway
Zillow last checked:
Listing updated:
Listed by:
ADAM SCHWARZ DRE #01992205 951-389-5551,
EXP REALTY OF CALIFORNIA INC
Bought with:
Olivia Chavez Serrano, DRE #01934999
Mission Real Estate
Source: CRMLS,MLS#: IV25005958
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Kitchen, Living Room
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Microwave, Refrigerator, Dryer, Washer
- Laundry: Laundry Room, Outside
Features
- Recessed Lighting
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 396 sqft
Property
Features
- Levels: One
- Stories: 1
- Entry location: front
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 6,534 Square Feet
- Features: Yard
Details
- Parcel number: 226302019
- Zoning: R1065
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1944
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Riverside
Financial & listing details
- Price per square foot: $1,136/sqft
- Tax assessed value: $345,952
- Annual tax amount: $3,905
- Date on market: 1/10/2025
- Cumulative days on market: 41 days
- Listing terms: Submit
Price history
| Date | Event | Price |
|---|---|---|
| 4/3/2025 | Sold | $450,000$1,136/sqft |
Source:  CRMLS #IV25005958 Report a problem | ||
| 2/21/2025 | Pending sale | $450,000$1,136/sqft |
Source: CRMLS #IV25005958 Report a problem | ||
| 2/20/2025 | Price change | $450,000-5.3%$1,136/sqft |
Source: CRMLS #IV25005958 Report a problem | ||
| 2/19/2025 | Pending sale | $475,000$1,199/sqft |
Source: CRMLS #IV25005958 Report a problem | ||
| 1/10/2025 | Listed for sale | $475,000+45.7%$1,199/sqft |
Source: CRMLS #IV25005958 Report a problem | ||
| 1/4/2025 | Listing removed | $2,000$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/16/2024 | Listed for rent | $2,000$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/12/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/10/2023 | Listed for rent | $2,000$5/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/14/2022 | Sold | $326,000+44.9%$823/sqft |
Source: Public Record Report a problem | ||
| 3/4/2022 | Pending sale | $225,000$568/sqft |
Source: CRMLS #EV22036685 Report a problem | ||
| 2/25/2022 | Listed for sale | $225,000$568/sqft |
Source: CRMLS #EV22036685 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,905 +3.4% | $345,952 +2% |
| 2024 | $3,778 +0.4% | $339,170 +2% |
| 2023 | $3,762 +1088.7% | $332,520 +1377.5% |
| 2022 | $316 -4.4% | $22,505 +2% |
| 2021 | $331 +0.7% | $22,065 +1% |
| 2020 | $329 +1.5% | $21,839 +2% |
| 2019 | $324 +1.6% | $21,412 +2% |
| 2018 | $319 +1.4% | $20,993 +2% |
| 2017 | $314 | $20,582 +2% |
| 2016 | $314 +6.8% | $20,179 +1.5% |
| 2015 | $294 +1.2% | $19,878 +2% |
| 2014 | $291 | $19,491 +0.4% |
| 2013 | -- | $19,404 +2% |
| 2012 | -- | $19,024 +2% |
| 2011 | -- | $18,652 +0.8% |
| 2010 | -- | $18,513 -0.2% |
| 2009 | -- | $18,559 +2% |
| 2008 | -- | $18,196 +2% |
| 2007 | -- | $17,841 +2% |
| 2006 | -- | $17,492 +2% |
| 2005 | -- | $17,150 +3.9% |
| 2003 | -- | $16,509 +2% |
| 2002 | -- | $16,186 +2% |
| 2001 | $137 +2.3% | $15,870 +2% |
| 2000 | $134 | $15,559 |
Find assessor info on the county website
Neighborhood: Magnolia Center
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Nearby schools
GreatSchools rating
- 6/10Pachappa Elementary SchoolGrades: K-6Distance: 0.9 mi
- 4/10Sierra Middle SchoolGrades: 7-8Distance: 0.6 mi
- 5/10Ramona High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$467,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$467,100
- California
- Riverside County
- Riverside
- 92506
- Magnolia Center
- 4554 Merrill Ave
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