7409 Magnolia Avenue, Riverside, CA 92504

Magnolia Center, Riverside
Building in Magnolia Center
2 Stories
Built in 1965
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Welcome to 7409 Magnolia Avenue, a building located in Magnolia Center, Riverside in Riverside, CA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1965. There are a total of 2 floors. Finally, 7409 Magnolia Avenue was most recently sold on Nov 12, 2021 for $3,821,500. According to local assessors, the total value of the building is currently valued at $3,897,550. Specifically, the value of the land that the property sits on has been assessed at $735,550. The building was last assessed in 2023.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Policies
Cats Allowed
Dogs Allowed
Facts
General
Year Built
1965
Effective Year Built
1965
Building Count
1
Bedroom Count
0
Building Condition
unknown
Building Quality
D
Construction Type
Wood
Building Style
unknown
Exterior Walls Type
unknown
Interior Walls Type
unknown
Roof Shape Type
unknown
Roof Cover Type
Wood shake/ shingles
Floor Count
2
Living Units
28
Business/Commerical Units Count
40
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
unknown
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
R L & I CO
Land Acres
0.87
Standard Land Use Code
Apartments (generic)
County Land Use Code
unknown
State Land Use Code
unknown
Legal Description 1
.87 ACRES M/L IN POR LOT 13 BLK 17 MB 001/070 SB R L & I CO
Ownership
Current Owner
MONTICELLO APTS LLC
Current Owner's Name
MONTICELLO APTS LLC
Previous Owner
ERTEL JULIE SWAIL
Previous Owner's Name
SWAIL JON R
Previous Owner 2
THE SWAIL EXEMPT TRUST
Previous Owner 2's Name
SWAIL JUDITH L
Owner Address - City
COSTA MESA
Owner Address - State
CA
Owner Address - ZIP Code
92626
Owner Before Previous Owner
US MTG COLLECTION SERVICES INC
Ownership Rights Codes
unknown
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Riverside Unified School District
Census Tract
031402
Census Block Code
1008
Census Group
1
Census Year
2018
Census - Combined Statistical Area - Area Code
348
Census - Combined Statistical Area - Area Name
Los Angeles-Long Beach, CA
Census - County FIPS
06065
Census - Full FIPS
060650314021008
Census - Metro Micro Statistical Area - Area Code
40140
Census - Metro Micro Statistical Area - Area Name
Riverside-San Bernardino-Ontario, CA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
0662000
Census Source
US Census Bureau
Census State FIPS
06
Census Tract Code
031402
School District - Unified - Grade High
12
School District - Unified - Grade Low
KG
School District - Unified - LEA Code
0633150
School District - Unified - Name
Riverside Unified School District
Zoning
Zoning
R3
Geography
Parcel
227-270-032
Block
17
Lot
13
Lot Code
unknown
Municipality
RIVERSIDE
Latitude
33.943
Longitude
-117.408
FIPS
06065
Mailing Carrier Code
C005
Mailing Full Street Address
151 KALMUS DR STE M4
Mailing House Number
151
Mailing Street Mode
DR
Mailing Street
KALMUS
Mailing Unit Number
M4
Mailing Unit Type
STE
Mailing 4-Digit Zip Code
5977
Old APN
051200109
Geo Status Code
unknown
Valuation
Timestamp
2024-02-12 20:16:14
UCID Flag
C
More About The Building
In total, the building area is listed as 28,245 square feet. The building itself has 28,245 square footage of total floor area. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 7409 Magnolia Avenue is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Magnolia Center area have a median price of $1,993. Those in the 25th percentile, have a price around $1,844. While those in the 75th percentile, have a price around $2,141. Typically, the buildings in this area have a median sqft of 740. That means that the median price per sqft is around $3. In other words, the price per sqft for buildings in the 25th percentile is $3. While the price per sqft for buildings in the 75th percentile is $3. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There is currently a single advertised one bedroom listing.
  • There is currently a single advertised two bedroom listing.
  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
7409 Magnolia Avenue is located in 92506. There are 46,172 people living here. There are 15,310 households. Most of these households have an average family size of 3.38 people. According to the census, 25% are currently renting while 75% own their homes. The median age of this population is around 39.8 years old. On average, most folks in the zipcode are married. About 19% of folks speak a language other than English in this area. The area's employment rate is currently around 57.9%. Speaking of employment, the median income is $81,531. Most folks will commute by car for around 26.4 minutes. Finally, we know that 20% of residents in the area have graduated with their high school degree. Additionally, 19% and 19% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Riverside County, California has a population of 2,323,892 people. Based on census records, there are 705,716 registered households. Families in this area are on average made up of 3.79 people per household. Most folks are married. They are also typically around 34.8 years old. Does diversity matter to you? Right now, 40% of folks speak a language other than English here. About 36% rent while 64% purchased their homes. Right now, the community is made up of 26% of residents who have graduated with at least a high school degree. On top of that, 13% have a Bachelor's degree and 8% have a Master's degree. The employment rate is currently around 53.1%. Those employed, have a median income of $57,972.

Finally, let's take a look at the stats related to Riverside - San Bernardino, CA Urban Area. The urban area is home to 2,028,028 people. A total of 560,116 households are registered here. With average family sizes being listed at 4.02 people. About 26% of residents have graduated with a high school degree. Of the rest, 12% have their Bachelor's and 7% have their Master's degree. Folks speaking a language other than English, make up about 47% of the population. Speaking of your commute, 55% of people in this area are employed. The recorded median income is currently at $57,340 per year. The median population age has been listed at 31.6 years old. Interestingly enough, married people make up the majority of the population. Last but not least, renters make up about 39% of the population while homeowners are at about 61% of the population.
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Studio Median Rent
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1BR Median Rent
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2BR Median Rent
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3BR Median Rent
PUBLIC TRANSIT
1
Magnolia FS Madison (570 ft - 3 min walk)
Riverside Transit Agency
1
Magnolia FS Madison (740 ft - 3 min walk)
Riverside Transit Agency
15
Arlington NS Aden Way (0.25 mi - 6 min walk)
Riverside Transit Agency
1
Magnolia NS El Hijo (0.25 mi - 6 min walk)
Riverside Transit Agency
15
Arlington Opp. Aden Way (0.26 mi - 6 min walk)
Riverside Transit Agency

Nearby Schools

(within attendance boundary)
Jefferson Elementary  •  0.86 mi
4285 Jefferson St., Riverside, CA 92504
Public  •  Elementary  •  Grades KG to 6
Riverside Unified School District
Sierra Middle  •  0.74 mi
4950 Central Ave., Riverside, CA 92504
Public  •  Middle School  •  Grades 7 to 8
Riverside Unified School District
Ramona High  •  0.36 mi
7675 Magnolia Ave., Riverside, CA 92504
Public  •  High School  •  Grades 9 to 12
Riverside Unified School District
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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