12323 Mesa Grove, Riverside, California 92503, Riverside, 92503 - 5 bed, 3 bath
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Riverside, California 92503
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $839,900—positioned above the $801,016 Fair Market Value. While the home requires cosmetic updates to its Fair Condition Rating, the functional 3,200 sq ft floor plan, main-floor bedroom, and rare RV parking provide significant utility. Located in the desirable Victoria Grove community with scenic Park and Hill views, this property offers a unique canvas for value-add renovations. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build long-term equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12323 Mesa Grove Subject | $839,900* List Price | 5 | 3 | 3,198 | $250 | - |
A 12286 Falling Branch Court Sold | $800,000 | 5 | 3 | 3,247 | $246 | 0.2 mi |
B 12590 Mango Lane Sold | $750,000 | 5 | 3 | 3,142 | $239 | 0.5 mi |
C 12656 Avocado Sold | $825,000 | 5 | 3 | 3,142 | $263 | 0.5 mi |
D 12375 Brianwood Sold | $835,000 | 4 | 3 | 2,649 | $315 | 0.3 mi |
E 12564 Bougainvillea Way Sold | $875,000 | 6 | 4 | 3,464 | $253 | 0.3 mi |
F 17191 Greentree Drive Sold | $830,000 | 4 | 4 | 3,690 | $225 | 0.3 mi |
G 12351 Mesa Grove Active | $768,000 List Price | 4 | 3 | 2,929 | $262 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003 (21 years old) and appears to be in mostly original condition. While well-maintained by the original owners, the interior features dated carpeting and vinyl flooring in the laundry room, indicating the home is due for cosmetic updates to kitchens and baths to meet modern standards.
The 3,200 sq ft layout features a highly desirable main-floor bedroom and full bath, plus a massive primary retreat, offering perfect flexibility for multi-generational living or a home office.
Located in the sought-after Victoria Grove community with views of hills and greenbelts, this home offers a premium neighborhood feel with convenient access to schools and commuter routes.
The property includes rare RV parking and mature fruit trees, providing significant functional value and lifestyle benefits that are often missing in newer suburban developments.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The $184 monthly association fee adds a permanent carrying cost to the property which may be a deterrent for buyers seeking non-governed neighborhoods.
As a 2003 build offered by the original owners, the home may require cosmetic updates and contemporary finishes to meet the expectations of modern luxury buyers.
Beautiful 5-bedroom, 3-bath home with approximately 3,200 sq ft of living space in the desirable Victoria Grove community. First time on the market by the original owners, this spacious home features a functional floor plan with generously sized bedrooms and comfortable living areas throughout. The home includes one bedroom and a full bathroom on the main level, adding flexibility for guests, extended family, or a home office. The primary bedroom includes a large retreat area that can be used as a sitting area, home office, nursery, gym, or flex space. Additional property features include RV parking, a backyard patio, and mature fruit trees. Conveniently located near local schools, parks, shopping, and commuter routes. Spacious home in a desirable Riverside neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 3,198 | 1,620 | 86% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $839.9K | $660.0K | 76% |
| Price per sq ft | $263 | $393 | 10% |
| Built year | 2003 | 1983 | 75% |
| HOA | $184.0 | $0 | 82% |
| Days on market | 27 | 149 | 1% |
May 11, 2026
$839,900
Initial Listing
Aug 29, 2003
$342,500
Public Record