1505 Gratton Street, Riverside, California 92504, Riverside, 92504 - 5 bed, 4 bath
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Riverside, California 92504
This Custom Ranch Estate represents a High-Potential Investment Opportunity, listed at $1,550,000—positioned above the $1,342,266 Fair Market Value. While priced for its unique scale, the property offers significant Multi-Generational Potential with a separate guest house and five acres of land. Featuring a Condition Rating of 2 with high-end modern renovations, the home provides immediate luxury living. The expansive lot and Panoramic Greenbelt Views offer rare development upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, income-producing sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1505 Gratton Street Subject | $1,550,000* List Price | 5 | 4 | 3,678 | $365 | - |
A 1619 Gratton Sold | $1,450,000 | 5 | 4 | 4,667 | $311 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1945, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen features modern white shaker cabinetry, stone countertops, and premium Bosch stainless steel appliances. Bathrooms are updated with frameless glass showers and contemporary stone tiling. The interior shows mint condition with updated flooring, recessed lighting, and modern mini-split HVAC systems, requiring no immediate maintenance.
Situated on nearly five acres in Riverside's desirable greenbelt, this fully fenced and gated estate offers unparalleled privacy and significant space for custom development or equestrian use.
The property features a separate one-bedroom, one-bathroom guest house in addition to the large main residence, providing an excellent opportunity for rental income or multi-generational living.
A wrap-around deck and large master suite patio capitalize on spectacular city light views and the serene natural surroundings of the greenbelt area, enhancing the home's indoor-outdoor flow.
Originally built in 1945, the property may require significant modernization of core systems and cosmetic updates to align with contemporary luxury standards and energy efficiency.
The reliance on a private two-tank septic system instead of a municipal sewer connection necessitates specialized ongoing maintenance and may impact future expansion possibilities.
Great opportunity to own this beautiful home with spectacular View in the greenbelt area of Riverside. Custom Ranch home on almost five Acres. An additional highlight is the separate private Guest house is one bedroom and one bathroom. Main house is five bedroom and four bathroom. Formal Dining room. Formal Living room with beautiful fireplace. Fully fenced and gated. Kitchen with Island and breakfast nook with second fireplace. Large master suite with french doors opening to privet patio. Separate tho car garage. Ideal for generational living, rental income. The possibilities are endless. Enjoy serene morning or relaxing evenings on the deck that wraps around the rear of the home. Custom two- tank septic system. You want private space and create something extraordinary? Please came and see for your self..
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,678 | 1,723 |
| Lot Size | 190,793 | 8,712 |
| Price | $1.55M | $676.0K |
| Price per sq ft | $421 | $395 |
| Built year | 1945 | 1977 |
| HOA | $0 | $125 |
| Days on market | 13 | 58 |
Jul 9, 2026
$1,550,000
Initial Listing
Apr 12, 2018
$870,000
Public Record