
Riverside, California 92508
This property presents a High-Potential Investment Opportunity with a List Price of $800,000—positioned well above the $673,114 Fair Market Value by -18%. While the pricing reflects a premium, the 50,965 sqft lot and Equestrian Facilities—including a 36x36 barn and riding arena—offer significant development potential. With a Condition Rating of 5, the home requires a full rehab, making it an ideal project for Buy-and-Hold Investors or Contractors seeking to leverage the expansive land for ADU construction or multi-generational expansion.
Property is extensive renovation needed.
Built in 1980 (44 years old) with no evidence of recent renovations. The listing description mentions 'good bones' and 'ready for new owner to put their own touches,' which are industry indicators for a property needing a full rehab. Interior images show dated tile and carpet consistent with the original age, and the exterior shows signs of deferred maintenance like cracked concrete.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50965, living area = 1672.
The property is fully equipped for horse enthusiasts, featuring a 36x36 barn, a three-horse mare motel, and a large riding arena on over an acre of fenced land.
With a massive 50,965 sqft lot, there is significant space to build an additional home or ADU, providing excellent value-add potential for investors or multi-generational families.
The description of 'good bones' and the 1980 build date suggest the interior likely requires significant cosmetic updates and modernization to meet current market trends.
At 1,672 square feet, the home's footprint is relatively small compared to the expansive lot size, which may feel undersized for buyers expecting a larger residence on such significant acreage.
Ranch house in one of Riverside's finest neighborhoods just a short walk from shopping and movie theater. This one level three bedroom, two bath home sits on plenty of property for horses and toys. The fully fenced property has a large 36 X36 barn and a three horse mare motel. A large riding arena sits to the back of the property.This home has good bones and is ready for the new owner to put their owns touches on what they want to call home. Plenty of land to build additional home if that is what you desire.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 21% |
| Baths | 2.0 | 3.0 | 23% |
| Square foot | 1,672 | 2,447 | 13% |
| Lot Size | 50,965 | 7,841 | 95% |
| Price | $800.0K | $749.4K | 65% |
| Price per sq ft | $478 | $323 | 94% |
| Built year | 1980 | 2001 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 149 | 1% |
Jun 2, 2026
$800,000
Initial Listing
Aug 4, 2004
$470,000
Public Record
Jul 31, 2003
$329,000
Public Record