• Sold
  • Multi Family · 2 Units

20885 Magnolia Ave Nuevo Lakeview, CA 92567 Get directions

$340,000 $138/Sq. ft.
2,464 Sq. ft. 88,427 Sq. ft. Lot
  • Age 41 Years
  • MLS# LG19011305
  • Listed 5 Months 2 Days Ago


Two separate units on over two acres in the unincorporated City of Lakeview/Nuevo. Seller May carry with at least 30% down. Both units are currently rented to separate, long term tenants. Units are permitted, on permanent foundations, and in good condition. The larger of the 2 homes is a doublewide, 4 bedroom, 3 bath, with a 3-car detached garage on 1 acre. The smaller home is a single wide, 2 bedroom, 2 bath with 2-car detached garage on 1 acre. Parcel is fenced and also crossed fenced to give each home approximately 1 acre for horses, animals, vehicles, parties, outbuildings, or growing. Each unit has separate electric meter, propane, and septic. Magnolia is only one block from Hansen Ave. for easy access to the Ramona Expressway to the I-215 or the realigned 79 Hwy. Great family location. Close to schools. Val Verde Union District and Nuview Elementary. Val Verde High School on Nuevo Rd and Perris Blvd. Walmart, Stater Bros., corner gas stations, Cinemas, restaurants and more. Huge Lowes and Ross Distribution Centers on Nuevo Rd., just before the I-215. New commercial and industrial planned for the community. Employment and housing in high demand for all the new construction. New housing tracts, new schools and parks are planned and approved for the Lakeview/Nuevo community. Residential Income properties with large lots are becoming rare in the area. Great Investment! Riverside County, the fastest growing County in Southern California.



  • Appliances: Built-In Range, Propane Oven, Propane Range, Propane Cooktop
  • Appliances YN: Y
  • Laundry Features: Laundry Features: Inside, Laundry YN: Y

Other Rooms

  • All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, See Remarks

Heating and Cooling

  • Cooling Features: Central Air, See Remarks
  • Fireplace Features: See Remarks
  • Heating Features: Central
  • Heating: Yes

Interior Features

  • Built-in Features
  • Ceiling Fan(s)

Exterior and Lot Features

  • Fencing: Fence YN: Y, Fencing: Average Condition, Chain Link, Cross Fenced
  • Road Frontage Type: County Road
  • Road Surface Type: Unpaved
  • View: Hills
  • Lot Size Square Feet: 88427

Land Info

  • Lot Description: Corner Lot, Corners Marked, Horse Property, Level with Street, Lot Over 40000 Sqft, Rectangular Lot, Level, Near Public Transit, Park Nearby
  • Lot Size Acres: 2.0300045
  • Lot Size Source: Assessor

Garage and Parking

  • Number of Garage Spaces: 5
  • Parking Features: Parking YN: Y, Parking Features: Garage - Three Door, Garage - Two Door, Gated, Oversized, Private, RV Access/Parking
  • Parking Total: 5

Multi-Unit Info

  • Number of Units: 2

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection

Amenities and Community Features

  • Community Features: Rural

Other Property Info

  • Cap Rate: 7.50
  • Source Listing Status: Closed
  • County: Riverside
  • Directions: Ramona Expressway to Right on Hansen Ave., Right on Brown Ave. to Magnolia Ave. Subj. on SW Corner.
  • Source Property Type: Multi-Family
  • Insurance Expense: 150.00
  • Area: SRCAR - Southwest Riverside County
  • Source Neighborhood: SRCAR - Southwest Riverside County
  • Parcel Number: 426220022
  • Postal Code Plus 4: 9184
  • Zoning: R-A
  • Source System Name: C2C

Commercial Info

  • Net Operating Income: 2300.00

Building and Construction

  • Square Feet Living: 2464.00
  • Year Built: 1978
  • Building Features: 2
  • Common Walls: No Common Walls
  • Direction Faces: East
  • Entry Level : 1
  • Flooring: Carpet, Laminate
  • New Construction: N
  • Property Age: 41
  • Levels or Stories: One
  • Building Total Stories: 1
  • Structure Type: Two On A Lot
  • Year Built Source: Assessor

Accessibility Features

  • Entry Slope Less Than 1 Foot


  • Sewer: Sewer: Conventional Septic, Water Sewer Expense: 600.00
  • Cable Available
  • Cable Connected
  • Electricity Connected
  • Natural Gas Not Available
  • Phone Connected
  • Propane
  • Sewer Not Available
  • Water Connected
  • Water Source: Public

Nearby Schools

Rating School Grades Distance
4 Nuview Elementary School K-6 0.7 mi
5 Mountain Shadows Middle School 7-8 1 mi
5 Heritage High School 9-12 5.4 mi
2 Pinacate Middle School 7-8 7.6 mi
NA Grace Preparatory Private School K-12 1.1 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.


Property History for 20885 Magnolia Ave

Property Tax

Property Price

Date Event Price Price / Sq ft Source
2019-06-07 Sold - - CRMLS
2019-03-05 Price Changed $345,000 $140 CRMLS
2019-01-15 Listed $349,900 $142 CRMLS
2000-10-06 Sold - - Public Record

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.