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Sold for $950,000 on 02/07/25
  • Listing Provided by: 

    FREDERICK GORDON DRE #01503278 951-545-8846,

    REALTY MASTERS & ASSOCIATES

    Bought with: NEST REAL ESTATE
    $950,000

    4506 University Ave, Riverside, CA 92501

    6beds
    4,152sqft
    Single Family Residence
    Built in 1910
    0.28 Acres Lot
    $933,700 Zestimate®
    $229/sqft
    $3,741 Estimated rent

    Home value

    $933,700

    $840,000 - $1.04M

    $3,741/mo

    Zestimate® history
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    What's special

    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!

    Zillow last checked: 8 hours ago

    Listing updated: February 07, 2025 at 10:40am

    Listing Provided by:

    FREDERICK GORDON DRE #01503278 951-545-8846,

    REALTY MASTERS & ASSOCIATES

    Bought with:

    CRYSTAL COLEMAN, DRE #01879574

    NEST REAL ESTATE

    Source: CRMLS,MLS#: IV24233331MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Heating
    • Central
    Cooling
    • None
    Appliances
    • Laundry: Inside
    Features
    • Has basement: Yes
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 4,152 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Ground
    • Pool features: None
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 0.28 Acres
    • Features: Corner Lot
    Details
    • Parcel number: 187033001
    • Zoning: R1065
    • Special conditions: Standard,Trust

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Spanish
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 1910

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Park, Sidewalks
    Location
    • Region: Riverside

    Other

    Other facts
    • Listing terms: Submit

    Price history

    DateEventPrice
    2/7/2025Sold$950,000$229/sqft
    Source: CRMLS #IV24233331
    1/22/2025Pending sale$950,000$229/sqft
    Source: CRMLS #IV24233331
    12/17/2024Contingent$950,000$229/sqft
    Source: CRMLS #IV24233331
    12/2/2024Listed for sale$950,000$229/sqft
    Source: CRMLS #IV24233331

    Public tax history

    YearProperty taxesTax assessment
    2025$3,108 +3.4%$281,049 +2%
    2024$3,005 +0.5%$275,540 +2%
    2023$2,991 +1.9%$270,138 +2%

    Find assessor info on the county website

    Neighborhood: Downtown

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $933,700

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $933,700