14435 Wood Road, Riverside, California 92508, Riverside, 92508 - 4 bed, 2 bath
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14435 Wood Road
Riverside, California 92508
ACTIVE
CONDITION: POOR
4Beds
2Baths
2,486Sq Ft
347,173Lot Size
Property Price
LIST PRICE$1,950,000
SUMMARY
14435 Wood Road – a residential development opportunity in one of Riverside’s most desirable neighborhoods. A total of approximately 7.97-acres, comprised of 3 parcels, is available with a designated zoning of R-1-1/2 Acre (City of Riverside) and offers the potential for a three-lot single-family configuration. The existing 2,486 square foot residence with 4 bedrooms and 2 baths is on its own parcel allowing it to be integrated into a project or sold off. The site is minutes from leading educational institutions including the University of California, Riverside, Martin Luther King High School, Kennedy Elementary, Franklin Elementary, and Earhart Middle School. Nearby shopping and lifestyle amenities include Mission Grove Plaza—home to Stater Bros. Markets, EOS Fitness, Galaxy Theaters, Bank of America, Starbucks, McDonald’s, Taco Bell, and IHOP—and Mission Village featuring LA Fitness, Sprouts, Panera Bread, BevMo, Chili’s, and other national retailers. Convenient access to the 215, 91, and 60 freeways further enhances the property’s appeal for future homeowners and developers seeking a well-located residential project in an established, high-demand Riverside market.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1950, the primary residence is significantly dated and marketed primarily as a residential development opportunity rather than a move-in ready home. The structure requires substantial modernization and rehabilitation of the kitchen, bathrooms, and major systems to align with current quality standards. The property's value is heavily weighted toward the 7.97-acre land and its potential for a three-lot subdivision.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 347173, living area = 2486.
- Significant Development Potential
The expansive 7.97-acre site is zoned R-1-1/2, offering a rare and lucrative opportunity for a three-lot single-family residential subdivision in a high-demand area.
- Strategic Location and Amenities
Ideally situated near UC Riverside and major retail hubs like Mission Grove Plaza, the property provides future residents with excellent access to top-tier schools and lifestyle conveniences.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =347173, other record lot size in square feet = 179902.
- Dated Primary Structure
Built in 1950, the existing home may require substantial modernization or capital expenditure to align with the standards of a new luxury residential development.
- Development Costs and Entitlements
Realizing the property's full value requires navigating the city's subdivision process and investing in site infrastructure, which adds complexity and upfront financial risk.
About 14435 Wood Road
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 347,173 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,486 | 1,854.896 |
| Lot Size | 347,173 | 8,680.308 |
| Price | $1.95M | $698.4K |
| Price per sq ft | $784 | $380 |
| Built year | 1950 | 1982 |
| HOA | $0 | $156 |
| Days on market | 228 | 57 |
Pricing History
Listed for Sale
Mar 10, 2026
$1,950,000
Initial Listing
Sold
Jul 13, 2005
$135,000
Public Record