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4506 University Ave, Riverside, CA, 92501

$950,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
2 Full Baths
6,000 SqFt
$158/SqFt
House

Location

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4506 University Ave, Riverside$950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage3 spaces
Year Built1910
HeatingCentral
CoolingNone
BasementYes
FireplaceLiving Room
ViewMountain(s)
MLS #IV24233331
Lot Size0.28 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 4506 University Ave

Built in 1910 by renowned architects Eager & Hunt, the F.D. Lewis Mansion is a rare and significant piece of California history. Located in the highly desirable Mount Rubidoux Historic District, this approximately 6000 sq. ft. architectural gem combines innovative engineering with timeless design. As the first earthquake-retrofitted home in California, this 6-bedroom, 2-bath Mission/Italianate-style residence was constructed with reinforced concrete and steel columns, showcasing its exceptional craftsmanship. Original features include quartersawn oak floors, a Batchelder tile fireplace, and a full size finished concrete basement, all of which add to its historic charm and potential. Lovingly held by the same family for three generations, this property is on the market for the first time in 60 years. A true diamond in the rough, it is a fixer-upper in need of restoration but offers strong bones and architectural integrity for those ready to bring it back to life. The home’s prime location is walking distance to Fairmount Park, Mount Rubidoux, and all the exciting dining, shopping, and entertainment options of Downtown Riverside. As a contributing property in the Mount Rubidoux Historic District, it is also eligible for the Mills Act, providing an incredible opportunity for property tax savings as part of its restoration. Schedule your private tour today and reimagine the possibilities of this unique piece of Riverside history!

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1910
  • Stories: 2
  • Living Area: 6,000 SqFt

Listing Office:

  • Office Name: REALTY MASTERS & ASSOCIATES
  • Office Phone: (951) 545-8846
  • Listing Agent: FREDERICK GORDON

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Mountain(s)

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: None

Other

Directions Information:

  • Directions: Take University West to address

Price Information

Listing Price Info

Price Summary:

  • List Price: $950,000
  • Price Per SqFt: $158/SqFt

Tax Information:

  • Annual Amount: $2,880
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Riverside, CA.

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Riverside, CA

City

Med. Sold Price

$655.9K

Med. Price/SqFt

$377

Avg. Days On Market

46

# of Sold Homes

159

4506 University Ave vs Riverside

33 DAYS ON ROCKET

-13 Days

$950,000

+$294K More

$158/SqFt

-$220 Less

KEY TAKEAWAY

This property is $294K more than the Median Sold Price and $220/SqFt less than other homes in Riverside, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #IV24233331

Listing Office:

  • Office Name: REALTY MASTERS & ASSOCIATES
  • Office Phone: (951) 545-8846
  • Listing Agent: FREDERICK GORDON

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/5/2025, 1:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,880$259,650
2020$2,880$256,989
2018$2,768$247,011
2017$2,545$242,168

History based on county public records data.

Payment Calculator

$4,809

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,915

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-473461
5
/10

  • Bryant School of Arts and Innovation

  • 4324 3rd St

  • 0.41 miles

  • Public District Grades KG-6

school-card-donut-473462
5
/10

  • Patricia Beatty Elementary School

  • 4261 Latham St

  • 1.32 miles

  • Public District Grades KG-6

school-card-donut-473463
2
/10

  • Ina Arbuckle Elementary School

  • 3600 Packard St

  • 1.36 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,241. The most common annual income of people living in Riverside, CA is between $35k-100k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4506 University Ave

What is the listing price of this property?

The listing price of 4506 University Ave property is $950,000.

What type of property is this?

The property 4506 University Ave is a house located in Riverside, California, 92501.

Is this property for sale now?

Accepting Backup Offers: 4506 University Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,880 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4506 University Ave has 6 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 4506 University Ave is 6,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4506 University Ave is 1910.

Rocket Homes›California›Riverside County›Riverside›92501›4506 University Ave

This home is located at 4506 University Ave in Riverside, CA and zip code 92501 in the Downtown Riverside neighborhood. This 6,000 square foot home, which was built in 1910, sits on a 0.28 acre lot. Features: 6 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $950,000.

In December 2024 more than 68 listings in Riverside, CA were sold above the asking price. During the same period more than 35 listings were sold at asking price, while more than 56 were sold below. The inventory of homes for sale in Riverside, CA between November 2024 and December 2024 decreased by 10.7%. While the average time on the market in December 2024 was 46 days, the median list price was $655,980.

From Rocket Homes Real Estate and based on county public records data.

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