
Riverside, California 92505
This property presents a High-Potential Investment Opportunity with a List Price of $595,000—positioned slightly above the $584,363 Fair Market Value. While the home carries a Condition Rating of 4, the generous 7,841 sqft lot and flexible interior layout provide significant upside for forced appreciation through an ADU addition. Located near STEM schools and college campuses, this asset offers strong rental demand. This project-ready home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build immediate sweat equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11578 Flower Subject 3 bd · 2 ba · 1,385 sqft · $422 | $595,000* List Price | 3 | 2 | 1,385 | $422 | - |
A 5221 Dresden Place Sold 3 bd · 2 ba · 1,453 sqft · $430 · 0.2 mi | $625,000 | 3 | 2 | 1,453 | $430 | 0.2 mi |
B 5210 Dresden Place Sold 4 bd · 2 ba · 1,619 sqft · $408 · 0.2 mi | $660,000 | 4 | 2 | 1,619 | $408 | 0.2 mi |
C 5242 La Salle Sold 3 bd · 2 ba · 1,206 sqft · $455 · 0.6 mi | $549,000 | 3 | 2 | 1,206 | $455 | 0.6 mi |
D 11814 Creighton Sold 3 bd · 2 ba · 1,200 sqft · $471 · 0.4 mi | $565,000 | 3 | 2 | 1,200 | $471 | 0.4 mi |
E 11775 Tilden Sold 3 bd · 2 ba · 1,744 sqft · $436 · 0.3 mi | $760,000 | 3 | 2 | 1,744 | $436 | 0.3 mi |
F 11665 Valverda Sold 3 bd · 2 ba · 1,490 sqft · $455 · 0.3 mi | $678,000 | 3 | 2 | 1,490 | $455 | 0.3 mi |
G 11191 Baker Lane Sold 3 bd · 2 ba · 1,568 sqft · $415 · 0.6 mi | $650,000 | 3 | 2 | 1,568 | $415 | 0.6 mi |
H 11272 Doverwood Sold 5 bd · 3 ba · 1,555 sqft · $405 · 0.4 mi | $630,000 | 5 | 3 | 1,555 | $405 | 0.4 mi |
I 5047 Golden Active 3 bd · 2 ba · 1,474 sqft · $339 · 0.4 mi | $499,000 List Price | 3 | 2 | 1,474 | $339 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, the home is over 60 years old but shows signs of past cosmetic updates, such as laminate flooring and recessed lighting in the living area. However, the listing explicitly states the property needs TLC and is a project for a buyer looking to refresh and personalize the space.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1385.
The generous 7,841 sqft lot and flexible interior layout, featuring two additional rooms beyond the main bedrooms, provide significant potential for an Accessory Dwelling Unit (ADU) or multi-generational living.
Ideally situated near STEM schools and college campuses, this property offers high rental demand and convenience for families, located less than half a mile from the nearest elementary school.
The property is explicitly noted as needing 'TLC,' implying that the buyer will need to budget for significant immediate repairs and cosmetic refreshments upon acquisition.
Built in 1958, the home likely requires updates to major systems such as electrical, plumbing, or insulation to meet modern energy efficiency standards and buyer expectations.
Bring your vision to this Riverside property with room to make it your own. The main home offers three bedrooms and two bathrooms, along with two additional rooms and a flexible living area that could serve a variety of needs. Whether you’re looking for space to work from home, accommodate guests, or pursue an investment opportunity, the layout offers possibilities worth exploring. The home needs TLC, giving the next owner a chance to refresh and personalize the space. Outside, the large backyard provides room to enjoy now and may offer potential for an accessory dwelling unit (ADU), subject to permits, zoning, and local approval. Located near college campuses and STEM schools, this property offers a convenient Riverside setting and plenty of potential for a buyer ready to take on a project. Schedule a showing to see the space and imagine what it could become.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades PK-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,385 | 1,854.896 |
| Lot Size | 7,841 | 8,680.308 |
| Price | $595.0K | $698.4K |
| Price per sq ft | $430 | $380 |
| Built year | 1958 | 1982 |
| HOA | $0 | $156 |
| Days on market | 27 | 57 |
Sep 27, 2026
$595,000
Initial Listing
May 23, 2018
$370,000
Public Record
May 23, 2012
$182,000
Public Record
Feb 27, 1996
$114,000
Public Record