14435 Wood Road, Riverside, California 92508, Riverside, 92508 - 4 bed, 2 bath
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Riverside, California 92508
Analysis of 14435 Wood Road, Riverside, California 92508 is currently available with a list price of $1,950,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
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.
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.
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.
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.
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.
Built in 1950, the existing home may require substantial modernization or capital expenditure to align with the standards of a new luxury residential development.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 16% |
| Square foot | 2,486 | 2,596 | 41% |
| Lot Size | 347,173 | 8,276 | 99% |
| Price | $1.95M | $751.4K | 99% |
| Price per sq ft | $784 | $308 | 99% |
| Built year | 1950 | 2003 | 1% |
| HOA | $0 | $37 | 47% |
| Days on market | 43 | 184 | 2% |
Mar 10, 2026
$1,950,000
Initial Listing
Jul 13, 2005
$135,000
Public Record