5571 Central Ave, Riverside, CA, 92504
About This Home
## TWO HOMES ON ONE LOT | BRAND-NEW DETACHED A.D.U. | PAID-OFF SOLAR | A RARE RIVERSIDE OPPORTUNITY Opportunities like this don't come along often. Welcome to an exceptional turnkey property featuring **two beautifully designed homes on one lot**, offering the perfect combination of luxury living, rental income potential & long-term investment value. Whether you're looking to offset your mortgage with rental income, accommodate extended family, or expand your real estate portfolio, this property delivers unmatched flexibility in today's market. The completely rebuilt & professionally remodeled main residence offers approximately **1,423 square feet** of modern living space with **3 spacious bedrooms & 2 designer bathrooms**, showcasing an open-concept layout, premium finishes, abundant natural light & quality craftsmanship throughout. The newly constructed **2026 detached ADU** offers approximately **852 square feet** with **2 bedrooms, 1 bathroom, a private entrance & separate living space**, making it ideal for extended family, guests, or rental income. Enjoy the benefits of a **fully paid-off solar system** with no lease or loan payments, along with **fire sprinkler systems in both homes** for added safety & peace of mind. Located near shopping, restaurants, schools, parks & major commuter routes, this move-in-ready property is a rare opportunity to own **two exceptional homes on one lot** in one of Riverside's most convenient locations. **Live in one. Rent the other. Invest in your future. Schedule your private showing today before this one is gone!**
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- New construction: Yes
- Year built: 2026
Materials
- Foundation: Slab
- Roof: Shingle
- Construction materials: Block,Drywall,Concrete
Type & Style
- Home type: SingleFamily
- Architectural style: Modern
- Property subType: Duplex
Interior
Appliances
- Appliances included: Dishwasher,Gas Oven,Tankless Water Heater,Water To Refrigerator
- Laundry features: In Kitchen
Bedroom
- Features: All Bedrooms Down
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Features
- Block Walls,Ceiling Fan(s),All Bedrooms Down,Walk-In Closet(s)
- Door features: Panel Doors
- Window features: Double Pane Windows,Screens
- Flooring: Tile,Vinyl
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Heating & Cooling
- Heating features: Ductless
- Cooling features: Ductless
Interior Area
- Total interior livable area: 2,129 sqft
Other
- Features: Walk-In Closet(s)
Property
Details
- Parcel number: 190184007
- Attached to another structure: Yes
- Special condition: Standard
- Exclusions: The house is staged,but staging is not included in the sale.
Features
- Levels: One
- Stories: 1
- Entry location: Street
- Pool features: None
- Exterior features: Lighting
- Spa features: None
- Fencing: Block
- Has view: Yes
- View description: Neighborhood
Lot
- Lot size: 7,405 sqft
- Features: Back Yard,Front Yard,Sprinklers In Front,Landscaped,Sprinklers Timer,Sprinkler System
Parking
- Total spaces: 6
- Parking features: Concrete,Driveway,Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Riverside County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,980 | $59,760 |
| Home Insurance * | $255 | $3,060 |
| Property Taxes | $930 | $11,160 |
| Electricity | $456 | $5,478 |
| Total | $6,621 | $79,452 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $985,000 |
| 2026-07-10 | Price change | $949,000 |
| 2026-06-17 | Listed for sale | $975,000 |
| 2024-06-27 | Sold | $425,000 |
| 2024-05-14 | Pending sale | $450,000 |
| 2024-03-01 | Listed for sale | $450,000 |
| 2020-10-31 | Listing removed | $220,000 |
| 2020-09-28 | Listed for sale | $220,000 |
| 2007-01-12 | Sold | $327,000 |
| 2006-11-03 | Sold | $230,000 |
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