3
Bedrooms
Sold for $624,000 · Oct 2026
SOLDListed at $629,900
Riverside, CA
MLS# IG26112417
Liane Thomas
Listing Agent
Alta Realty Group
DRE #: 01704162
Brokerage: Alta Realty Group
3
Bedrooms
3
Bathrooms
1,710 sqft
Square Feet
2007
Year Built
7,841 sqft
Lot Size
$365
Price/Sq Ft
2
Garage Spaces
N/A
HOA
Single Family Home
Property Type
Huge price reduction on this newer home for sale in the Wood Streets, and seller offering up to $10,000 towards buyers closing costs! Located at 5742 Magnolia Avenue in Riverside, this beautifully crafted single-story residence blends modern construction with timeless neighborhood charm. Built in 2007 and thoughtfully designed with quality finishes throughout, this 3 bedroom, 2.5 bath home offers approximately 1,710 square feet of comfortable living space on a spacious lot. Step inside to discover an open-concept layout featuring granite countertops, recessed lighting, a breakfast bar, and a spacious family room with a cozy gas and wood-burning fireplace. The private primary suite includes a walk-in closet, dual vanities, soaking tub, and separate shower, while the secondary bedrooms share a convenient Jack-and-Jill bathroom. Outside, enjoy a private back yard with mature fruit trees (Avocado, Lemon, Pomegranate). Designed with comfort and efficiency in mind, the home features sound-insulated front windows, double-insulated 2 x 4 construction, drywalled bull nose corners, central HVAC, a tankless water heater, indoor laundry room, and fire sprinklers throughout. Recently painted inside and out, other upgrades include new carpet, ceiling fans, and new roll up garage door with opener. Off street parking is provided in the driveway behind the house, and you could easily add a privacy gate. Utilize the space above the detached two-car garage to build an ADU to generate extra income. Located in one of Riverside’s most desirable historic neighborhoods, this property offers close proximity to shopping, dining, and entertainment at Riverside Plaza. Also close to hiking at Mt Rubidoux, The Mission Inn, local parks, award winning medical providers, and top-rated schools. This is your opportunity to own a newer-built home in an established neighborhood filled with classic Riverside appeal.
Listing description from the October 2026 sale, as reported to CRMLS.
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1 recorded sale
5742 Magnolia sold for $624,000 in October 2026, 0.9% under its $629,900 list price, after 129 days on the market. It was first listed at $699,000. That works out to $365 per square foot on 1,710 square feet. Across 273 closed sales in 92506 over the last 12 months, the median sold price is $720,000 and the median is $392 per square foot, 7.4% above this sale's $365.
| Quarter | Closed sales in 92506 | Median sold price |
|---|---|---|
| Q1 2026 | 16 | $736,250 |
| Q2 2026 | 115 | $740,000 |
| Q3 2026 | 114 | $710,000 |
| Q4 2026 | 28 | $680,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Riverside · Homes for sale in 92506
Closed sales reported in 92506, nearest first, last 12 months. All recent sales in Riverside →
5742 Magnolia
Contact Liane Thomas
Contact via Nalren messaging
Contact Listing Agent
Alta Realty Group
DRE #01704162
Contact information is not available for this listing.