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5082 Los Olivos Way, Riverside, California 92505, Riverside, 92505 - 4 bed, 2 bath

5082 Los Olivos Way, Riverside, California 92505 home-pic-0
ACTIVE$589,000
5082 Los Olivos Way, Riverside, California 92505
4Beds
2Baths
1,820Sqft
2,614Lot
Year Built
1978
Close
-
List price
$589K
Original List price
$599K
Price/Sqft
$324
HOA
$330
Days on market
-
Sold On
-
MLS number
IV25198676
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 3 Cons,5 Pros. Rank: price - $589.0K(50th), sqft - 1820(50th), beds - 4(50th), baths - 2(50th).

Welcome to this beautifully maintained 4-bedroom, 2-bathroom home offering 1,820 sq ft of living space in a quiet, well-kept community near La Sierra University, with convenient access to the 91 Freeway. This thoughtfully designed two-story layout features 3 bedrooms and 2 bathrooms on the main floor, plus a spacious upstairs loft with another separate space that can serve as an office, guest room or playroom —giving you flexibility to fit your lifestyle. The inviting family room with a cozy fireplace flows seamlessly into the dining area creating a warm and open atmosphere for both daily living and entertaining. The private primary suite offers a peaceful retreat with an en-suite bathroom and direct access to the back patio. Additional highlights include: attached 2-car garage with ample driveway parking and access to HOA amenities including pool, spa, and clubhouse. If you are looking for a home in a prime Riverside location, this move-in-ready home offers the perfect blend of comfort, convenience, and community. Don’t miss your opportunity to make it yours!

Nearby schools

3/10
Valley View Elementary School
Public,•K-5•0.4mi
3/10
Phillip M. Stokoe Elementary School
Public,•PK-5•0.8mi
4/10
Twinhill Elementary School
Public,•K-5•1.0mi
5/10
S. Christa Mcauliffe Elementary School
Public,•K-5•1.3mi
4/10
Collett Elementary School
Public,•PK-5•1.3mi
2/10
La Granada Elementary School
Public,•PK-5•1.6mi
4/10
Myra Linn Elementary School
Public,•K-5•1.7mi
7/10
Promenade Elementary School
Public,•PK-5•1.8mi
4/10
Liberty Elementary School
Public,•PK-6•2.9mi
4/10
Loma Vista Middle School
Public,•6-8•1.8mi
3/10
Wells Middle School
Public,•6-8•2.0mi
5/10
Ysmael Villegas Middle School
Public,•6-8•2.4mi
6/10
Arizona Middle School
Public,•6-8•2.8mi
3/10
Chemawa Middle School
Public,•7-8•3.8mi
4/10
La Sierra High School
Public,•9-12•1.1mi
6/10
Hillcrest High School
Public,•9-12•2.1mi
4/10
Norte Vista High School
Public,•9-12•2.7mi
5/10
Arlington High School
Public,•9-12•4.1mi

Price History

Date
Event
Price
10/02/25
Price Change
$589,000-1.7%
09/06/25
Listing
$599,000
Condition Rating
Fair
Built in 1978, this property is well-maintained and move-in ready, but shows its age through dated elements. The kitchen features updated appliances and a mosaic tile backsplash, but the cabinets and fluorescent lighting are original or older and significantly dated. Bathrooms also present with dated vanities, mirrors, and light fixtures. While some flooring has been updated to laminate, popcorn ceilings are visible, and major systems are likely nearing or past their typical lifespan, indicating a need for minor updates to modernize the aesthetic and potential future investment in systems.
Pros & Cons

Pros

Community Amenities: Access to desirable HOA amenities including a pool, spa, and clubhouse, enhancing the lifestyle offerings within a quiet, well-kept community.
Flexible Living Space: Thoughtfully designed two-story layout featuring a spacious upstairs loft and an additional separate flexible room, providing versatility for an office, guest room, or playroom.
Strategic Location & Accessibility: Situated in a prime Riverside location near La Sierra University with convenient access to the 91 Freeway, offering both community tranquility and commuter convenience.
Move-in Ready Condition: Described as 'beautifully maintained' and 'move-in-ready,' suggesting the property requires minimal immediate investment or renovations for new occupants.
Ample Parking: Includes an attached 2-car garage complemented by ample driveway parking, providing significant convenience for residents and guests.

Cons

Ongoing HOA Fees: A monthly association fee of $330 represents a significant recurring cost that adds to the overall expense of homeownership.
Age of Property & Potential for Dated Systems: Built in 1978, the property is over 45 years old, which may imply original or aging major systems (e.g., HVAC, plumbing, electrical) that could require future maintenance or upgrades not explicitly mentioned as completed.
Mixed School Ratings: Several nearby public schools exhibit average to below-average ratings, which could be a consideration for families prioritizing top-tier educational institutions.

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