4506 University Ave, Riverside, CA 92501 - View 1
4506 University Ave, Riverside, CA 92501 - View 2
4506 University Ave, Riverside, CA 92501 - View 3

4506 University Ave, Riverside, CA 92501

Sale Price: $950,000
Dec 2, 20244,152 sqft6 beds2 baths
Listed by: FREDERICK GORDON
License #: 01503278
Phone #: 951-545-8846
REALTY MASTERS & ASSOCIATES
Source:
CRMLS Logo
MLS #: IV24233331

Property Description

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!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,075

TurboHome Estimated Value

$977,500

$235 sqft

High Valuation
$1,026,375
$247/sqft
Normal Valuation
$977,500
$235/sqft
Low Valuation
$928,625
$224/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$235/sqft$977,500

Neighborhood: Downtown

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Comparative Value

$894K

$950K

$1.00M

4450 4th St, Riverside, CA 92501

Sale Price: $894,000

Selected Comparable

4506 University Ave, Riverside, CA 92501

List Price: $950,000

Subject Property

4506 University Ave, Riverside, CA 92501

Sale Price: $950,000

Selected Comparable

4492 12th St, Riverside, CA 92501

Sale Price: $1,000,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
4506 University Ave, Riverside, CA 92501

4506 University Ave, Riverside, CA 92501

List: $950,000

Listed: 12/2/2024

Area:4,152 sqft
Price/sqft:$229
Beds:6
Baths:2
Year Built:
Lot Size:12,197

Comparable Properties

COMPARABLE
Choose comps
4506 University Ave, Riverside, CA 92501

4506 University Ave, Riverside, CA 92501

Sale: $950,000

2/7/20250.00 mi

Area:4,152 sqft
Price/sqft:$229
Beds:6
Baths:2
Year Built:
Weight:40.3%
4492 12th St, Riverside, CA 92501

4492 12th St, Riverside, CA 92501

Sale: $1,000,000

8/6/20250.30 mi

Area:3,704 sqft
Price/sqft:$270
Beds:7
Baths:2
Year Built:
Weight:33.0%
4450 4th St, Riverside, CA 92501

4450 4th St, Riverside, CA 92501

Sale: $894,000

11/26/20240.32 mi

Area:3,328 sqft
Price/sqft:$269
Beds:5
Baths:2
Year Built:
Weight:26.6%

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