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Closed
- Listed price
- $885,000
- Listed Apr 12, 2012
- Sold price
- $785,000
- Sold Jul 16, 2012
28,750 sqft lot|1963 Built|78 MLS days on market
5530 Olivewood Ave, Riverside, CA 92506
Property Description
Olivewood Apartments, which is a 12-unit REO / Bank Owned asset. The property is located at 5530 Olivewood Avenue in the city of Riverside, CA. The property has estimated 10,800 rentable square feet and is situated on a 28,750 square feet lot. The property has one one-bedroom / one-bathroom unit, 10 two-bedroom / one-bathroom units and one three-bedroom/ one-bathroom units. Each unit is individually metered for gas and electric. There is one laundry room and ample parking spaces. In addition, the property has a security entrance and gate. The city of Riverside is committed to put in over $300 million dollars into re-development of the downtown areas. Projects include new hotels, office buildings, retail shopping centers and senior housing. The Downtown Mission Inn Hotel, the office of the county of Riverside and the city of Riverside employs over 4,000 workers. With the current Downtown re-developments on-going for the next few years have already created an additional 2,500 new jobs in the nearby areas, making the multi-family units very attractive for investors.
Listing agent: ERIC CHENDRE #01489184eric.chen@marcusmillichap.com, Listing office: MARCUS & MILLICHAP
MLS data updated 11/1/2026, 5:02:22 AM PT
Source: CRMLSMLS #: C12046470
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$785,000
Jul 16, 2012
Available records22012
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92506 · Nov 2026
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ZIP 92506 · same property typeThis MLS property type has no exact comparison group.
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
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