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Closed
- Listed price
- $595,000
- Listed Aug 16, 2019
- Sold price
- $524,000
- Sold Dec 26, 2019
10,310 sqft lot|1959 Built|55 MLS days on market
9631 Magnolia Ave, Riverside, CA 92503
Property Description
Two tenant, street-front retail property with long-term tenants currently occupying 100% of the property on month-to-month basis. Great for investors or owner-users. Approximately 50' of frontage along busy Magnolia Avenue (ADT = 29,233) in the heart of Riverside. One block southwest of Van Buren Blvd. Close proximity to 91 Freeway (+- 0.50 miles), Cal Baptist University (+- 1.3 miles) and Kaiser Permanente (+- 1.5 miles). Zoned CG - Commercial General, which allows a broad range of intense service commercial, retail, office and repair uses. Abundance of open site area at rear available for parking. Rare opportunity for good retail exposure together with onsite parking. Current tenants are below market. Pro Forma net income of $38,421 and a cap rate of 6.5%.
Listing agent: JIM TOWERSDRE #01342640jtowers@live.com, Listing office: TOWERS & ASSOCIATES
MLS data updated 11/2/2026, 6:52:03 AM PT
Source: CRMLSMLS #: EV19222354
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$524,000
Dec 26, 2019
Available records22019
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92503 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 92503 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
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.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.