5571 Central Avenue Riverside, CA $ 975,000
5571 Central Avenue
$ 975,000
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5571 Central Avenue

Riverside, CA, 92504
$ 975,000
Baths2.0 Sq 2,129

Monthly Estimate*

$ 6,003

Listed by Cyril Financial Group
5571 Central Avenue, Riverside, CA 92504 - Image 1
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Studio

Multi-Family Home for sale in Riverside, CA

for $975,000 with 2 full baths. This 2,129 square foot home was built in 1953 on a lot size of 0.17.

2 HOMES ON 1 LOT | BRAND-NEW A.D.U. | PAID-OFF SOLAR Welcome to a truly exceptional opportunity in Riverside—a rare turnkey property featuring two beautiful homes on one lot, perfect for homeowners, investors & multi-generational families alike. The main residence has been completely rebuilt & remodeled with permits, offering approximately 1,423 sq ft of thoughtfully designed living space. This stunning home features 3 spacious bedrooms, 2 beautifully upgraded bathrooms & an open-concept floor plan filled with natural light, modern finishes & quality craftsmanship throughout. Adding tremendous value is the brand-new detached A.D.U. completed in 2026, offering approximately 852 square feet with 2 bedrooms, 1 bathroom, a private entrance. The layout provides privacy & flexibility for extended family, guests, or rental income. The A.D.U. presents an outstanding income-producing opportunity. Energy efficiency & long-term savings are built into this property with a fully paid-off solar system—no lease, no loan & no future solar payments. For added safety & peace of mind, both the main home & A.D.U. are equipped with fire sprinkler systems. Whether you're looking for a beautiful primary residence, a multi-generational living solution, or an investment property, this unique property delivers the perfect combination of modern living, financial flexibility & long-term value. Don't miss this rare opportunity to own two homes on one lot in a prime Riverside location with convenient access to shopping, dining, schools & parks.

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Multi-Family Active

Price

$ 975,000

Bedrooms

Studio

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.17

Year Built

1953

Town/City

Riverside

County/Region

Riverside

MLS | Web ID

DW26131463

Days on Market

6

Features
General
Sewer Public Sewer
Heating Ductless
Cooling Ductless
Utilities Cable Available Electricity Available Natural Gas Available Phone Available Sewer Available Water Available
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Gas Oven Tankless Water Heater Water To Refrigerator
HOA Fee 0
Garage Spaces 2
Architectural Style Modern
Pool Features None
Security Features Carbon Monoxide Detector(s) Fire Sprinkler System Smoke Detector(s)
Construction Materials Block Drywall Concrete
Exclusions The house is staged but staging is not included in the sale.
Year Built 1953
Electric Photovoltaics Stand-Alone
View Neighborhood
Stories Count 1
Levels One
Property Subtype Single Family Residence
Gross Income 64800
Community Features Sidewalks
County Riverside
Net Operating Income 5160
Operating Expense 240
Insurance Expense 240
New Construction false
Property Type Residential Income
HOA false
Energy Efficient Doors HVAC Insulation Lighting Water Heater Windows
Facing Direction North
Garage Y/N true
Green Energy Generation Solar
Special Listing Conditions Standard
Status Active
Directions Take 91 Freeway & exit Tyler Street. Head south on Tyler street then Turn left onto Central Avenue
City Riverside
Entry Location Street
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 1
MLS Area 252 - Riverside
Lot Size Units Square Feet
Lot Size Square Feet 7405
Carport Spaces 0
Number of Units Leased 0
Listing Terms Cash Cash to New Loan Conventional FHA Fannie Mae Freddie Mac VA Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 300
Fuel Expense 0
Property Condition Updated/Remodeled
Trash Expense 540
Walk Score 73
Water Sewer Expense 540
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Owner
Tax Lot 184
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Block Walls Ceiling Fan(s) All Bedrooms Down Walk-In Closet(s)
Flooring Tile Vinyl
Fireplace Features None
Total Stories 1
Common Walls 1 Common Wall
Air Conditioning Y/N true
Heating Y/N true
Window Features Double Pane Windows Screens
Fireplace Y/N false
Laundry Features In Kitchen
Entry Level 1
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Exterior
Exterior Amenities Lighting
Fencing Block
Parking Features Concrete Driveway Garage
Lot Features Back Yard Front Yard Sprinklers In Front Landscaped Sprinklers Timer Sprinkler System
Water Source Public
Total Parking 6
Lot Size Area 7405
Foundation Details Slab
Number of Buildings 2
Spa false
Building Area Total 2129
Lot Size Acres 0.17
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features Panel Doors
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 2
Road Frontage Type City Street
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* Excluded Features
List By
Cyril Financial Group

Broker

godfrey@realtyagent.com

Email

Affordability Calculator

$6,003
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,003
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2026$975,000 Listed Price

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5571 Central Avenue, Riverside, CA, 92504 is a Multi-Family Home for sale at $975,000 with 2,129 sqft and a lot size of 0.17. 5571 Central Avenue is a studio with 2.0 baths and was built in 1953. The property's zip code is 92504 which is in Riverside, CA