$260,000
Total Views 1,128
2 Beds
2 Baths
1,185 Sq Ft
$219 Price per Sq Ft

Highlights

  • Bonus Room
  • Community Pool
  • Laundry Room
  • Neighborhood Views
  • Balcony
  • 1-minute walk to Low Park

About This Home

Welcome to Magnolia Palms, a gated condominium community located in the heart of Riverside. This spacious 2-bedroom, 2-bathroom unit offers approximately 1,005 sq ft of living space and is located on the third floor with convenient elevator access.
The home features a bright and open living and dining area with large sliding glass doors and wall-to-wall windows that bring in plenty of natural light and provide views of the community pool area. The kitchen offers ample cabinetry and counter space and opens to the living area, making it ideal for everyday living and entertaining.
In addition to the two bedrooms, the unit includes a bonus room that can be used as a home office, den, or additional flexible living space. One of the unique features of this unit is the large wrap-around rear patio, offering extended outdoor space that is perfect for relaxing, entertaining, or enjoying the community views.
Additional features include central heating and air conditioning, in-unit laundry hookups, and access to the community’s amenities including a pool, controlled access entry, and landscaped common areas.
Conveniently located near shopping, dining, schools, parks, and with easy access to major commuter routes including the 91 freeway.
Bank-owned property being sold as-is.

Listing Agent

CARLOS SANDOVAL

SIERRA REALTY FONTANA INC Brokerage Phone: 909-553-1630 License #01281494 Listed on: 03/18/2026

Co-Listing Agent

Mike Fill

SIERRA REALTY FONTANA INC Brokerage Phone: 909-553-1630 License #01355750

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1959

HOA Fees

  • $430 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,185 Sq Ft Home
  • 1-Story Property
  • Bonus Room
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Additional Features

  • Balcony
  • 1 Common Wall
  • Suburban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 5610
  • Assessor Parcel Number 226212056
  • $56 per year additional tax assessments

Community Details

Overview

  • 120 Units
  • Magnolia Palms Association, Phone Number (951) 601-1170
  • Cobalt Property Management/ HOA

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 1959

Lot Details

1,307 Sq Ft Lot

HOA Fees

$430 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • View: Yes
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 226212056
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1185.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 219.41
  • Room Type: Bonus Room

Exterior Features

  • View: Neighborhood
  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside, Stackable
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool
  • Association Fee: 430.00
  • Association Fee Frequency: Monthly
  • Association Name: Magnolia Palms
  • Phone: (951) 601-1170
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Suburban
  • Association Management: Cobalt Property Management/

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 1307.00
  • Lot Size Acres: 0.0300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1307.0000 Square Feet
  • Number Of Units In Community: 120
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 1
  • Tax Tract Number: 5610
  • TaxOtherAnnualAssessmentAmount: 56.00

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,569 $300,000 $90,000 $210,000
2023 $2,569 $225,159 $53,609 $171,550
2022 $2,511 $220,745 $52,558 $168,187
2021 $2,488 $216,418 $51,528 $164,890
2020 $2,469 $214,200 $51,000 $163,200
2019 $2,424 $210,000 $50,000 $160,000
2018 $1,111 $92,676 $19,852 $72,824
2017 $1,092 $90,860 $19,463 $71,397
2016 $1,025 $89,080 $19,082 $69,998
2015 $1,010 $87,745 $18,797 $68,948
2014 $1,000 $86,029 $18,430 $67,599
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2026 03/18/26 For Sale $260,000 -- $219 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Trustee Deed $101,755 Chicago Title
Trustee Deed $101,755 Chicago Title
Grant Deed $150,000 Chicago Title Company
Interfamily Deed Transfer -- --
Grant Deed $70,000 First American Title Co
Gift Deed -- --
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $81,000 Stand Alone Second
Previous Owner $50,000 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV26047444

California Regional Multiple Listing Service (CRMLS)

APN: 226-212-056

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