ActiveResidential · sale

3500 Buchanan St. #58

Riverside, CA 92503

$135,000

  • 2 beds
  • 2 baths
  • 1,440 sq ft
  • Built 1975

Listed by Beechwood Realty · MLS #IV26235744

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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PROPERTY QUESTIONS & SHOWINGS

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3500 Buchanan St. #58, Riverside, CA 92503 · MLS #IV26235744

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1975.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

This home offers the perfect blend of comfort, convenience, and modern updates within the highly desirable Villa Magnolia 55+ gated community. Beautifully maintained and truly move-in ready, this inviting residence features a spacious open-concept floor plan designed for both everyday living and effortless entertaining. The bright and welcoming living and dining areas flow seamlessly together, creating an ideal space for gathering with family and friends. Throughout the home, you'll find thoughtful upgrades, including newer laminate flooring, updated baseboards, fresh interior paint, newer windows, blinds, and curtains. Major system improvements provide added peace of mind, including a new water heater, furnace, and complete repipe completed in 2025. The spacious primary suite serves as a private retreat and features a beautifully remodeled bathroom with a dual-sink vanity and elegant quartz countertops. An enclosed patio has been thoughtfully transformed into a versatile office or bonus room, complete with its own upgraded mini-split system, making it the perfect space for working from home, hobbies, or relaxing year-round. Designed with comfort and accessibility in mind, the home offers wheelchair-accessible entry, indoor laundry, and a generous, covered carport with parking for up to three vehicles. Step outside and enjoy a charming yard highlighted by mature grapefruit and orange trees, a dedicated space for planter boxes and a thriving herb or garden retreat. It's the perfect outdoor setting to enjoy Southern California's beautiful weather. Residents of Villa Magnolia enjoy a vibrant lifestyle with community amenities that includes: a recreation hall, swimming pool & spa, a fitness room and a welcoming neighborhood clubhouse. Conveniently located between Riverside and Corona, this commuter-friendly location offers easy access to the 91 Freeway, shopping, dining, and everyday conveniences. Don't miss this exceptional opportunity to own a beautifully upgraded home that combines comfort, functionality, and active community living in one of the area's most sought-after 55+ communities
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THE NEIGHBORHOOD

Explore the location.

3500 Buchanan St. #58, Riverside, CA 92503

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LOCAL MARKET CONTEXT

Riverside County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$609,304Down 0.3% vs. the previous 12 months
Months of supply4.112-month average
Days on market5312-month weighted average

Latest available data: September 2026. Research by ERA Brokers Consolidated.

Explore the full market report

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
ManufacturedInPark
Category
Residential
Year built
1975
Full baths
2
Garage spaces
2
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,Disposal,GasOven,GasRange,VentedExhaustFan,WaterHeater
Utilities
CableConnected,ElectricityConnected,PhoneConnected,SewerConnected,WaterConnected
Fencing
Partial,Vinyl,Wood
Pool
No
Pool features
Community,Association
Spa
Yes
Parcel
009712616
HOA amenities
BilliardRoom,CallForRules,Clubhouse,ControlledAccess,FitnessCenter,MaintenanceGrounds,GameRoom,Management,MeetingBanquetPartyRoom,Barbecue,PicnicArea,Pool,PetRestrictions,PetsAllowed,RecreationRoom,RvParking,SpaHotTub,Security
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

Investor outlook Rental potential, ownership costs and property management

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$562.50
Cap rate—

Annual operating income: —

HOA: No HOA cost is included because the listing source reports a $0 fee. Confirm current dues and special assessments before relying on this estimate.

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Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

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Stone-front home with a landscaped lawn and central entry
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LOCAL PEOPLE. SHARED COMMITMENT.

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From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

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Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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Listing information

MLS #IV26235744 · California Regional MLS

Listing brokerage: Beechwood Realty
Listing agent: SARAH NAVARRETTE

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.