4048 9th Street, Riverside, CA 92501

Property Description

Turnkey Raincross District Bungalow with Rare R3 Zoning & Potential Property Tax Savings through the Mills Act! Discover this beautifully modernized 1911 California bungalow, combining classic turn-of-the-century character with exceptional investment flexibility in Downtown Riverside's premier Raincross District. Radiating exceptional curb appeal with a welcoming 28-foot covered front porch, this completely updated detached home flows into an expansive dual-living layout. This home has over 1,010 square feet of living space, featuring a spacious family room and an elegant formal dining room. The light-filled interior showcases premium laminate flooring, double-pane windows, and a beautifully updated kitchen equipped with granite countertops, upgraded cabinetry, tile flooring, a large walk-in pantry, and a petite breakfast bar. Both generous bedrooms anchor a smart Jack-and-Jill full bathroom layout, complemented by a large indoor laundry room situated directly off the kitchen. Absolute peace of mind is guaranteed with extensive capital improvements, including a newer roof, an upgraded electrical panel, and central air and heating. The private, low-maintenance paver backyard features a secure fenced perimeter enclosing dedicated off-street parking for two vehicles. 200 amp electric meter gives flexibility to car charging. A partial basement provides ideal additional storage or creative workshop potential. Strategically backed by the Downtown Specific Plan, buyers can exploit rare R3 zoning, which permits multi-family expansion, a live/work setup, or professional medical and dental offices. Additionally, the property qualifies for the California Mills Act, offering the next owner up to a 60% permanent reduction in annual property taxes to directly reinvest into the property. Enjoy elite urban walkability just blocks from the historic Mission Inn Hotel, the popular Riverside Food Lab, Riverside Art Museums, and Riverside City College. This perfect starter home is close to shopping, restaurants, worship, and top notch medical care. Must see to appreciate.