1580 Pelham Place, Riverside, California 92506, Riverside, 92506 - 4 bed, 3 bath
Loading property details...
Riverside, California 92506
This Stunningly Updated Canyon Crest Pool Home is a Strong Value Opportunity, listed at $975,000—positioned well below the $1,034,951 Fair Market Value by 5%. This valuation gap offers $59,951 in Instant Equity. Featuring a modernized chef's kitchen, new LVT flooring, and an ADU-ready exterior unit, the property maintains a Mint Condition Rating. With its expansive 20,038 sqft lot, pool, and mountain views, this residence is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-potential lifestyle property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1580 Pelham Place Subject | $975,000* List Price | 4 | 3 | 2,218 | $467 | - |
A 1960 Wetherly Sold | $775,000 | 4 | 2 | 2,083 | $372 | 0.4 mi |
B 5296 Bronson Sold | $876,500 | 4 | 3 | 2,517 | $348 | 0.8 mi |
C 6023 Academy Sold | $799,000 | 4 | 3 | 1,842 | $434 | 0.3 mi |
D 6180 Shaker Sold | $715,000 | 4 | 2 | 1,671 | $428 | 0.5 mi |
E 5363 Cornwall Sold | $890,000 | 4 | 3 | 2,034 | $438 | 0.6 mi |
F 1544 Bellefontaine Drive Sold | $945,000 | 5 | 4 | 2,266 | $417 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation (likely <2 years) featuring a fully modernized chef's kitchen with high-end Café appliances, new LVT flooring, and updated bathrooms. Critical systems have been addressed with all-new copper plumbing and new split-unit HVAC systems, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 2218.
The kitchen is a standout feature, fully modernized with high-end Café™ appliances, quartz countertops, and new copper plumbing, offering immediate luxury and functionality.
The inclusion of a separate exterior unit that is ADU-ready provides significant value for multi-generational living, a private home office, or potential rental income.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The use of independent split-unit A/C in the guest wing suggests the home may lack a fully integrated central HVAC system, which could lead to uneven cooling in the Riverside heat.
The large 20,038 sqft lot and pool, while attractive, require substantial ongoing maintenance, landscaping costs, and higher utility expenditures.
Stunningly Updated Canyon Crest Pool Home! Upon entry, newly installed LVT flooring flows through an expansive living room that seamlessly connects to the backyard oasis via upgraded sliding glass doors, perfectly framing stunning pool views. At the heart of the home is a fully modernized chef's kitchen boasting all-new copper plumbing, gleaming quartz countertops, a built-in wine fridge, and a complete suite of brand-new Café™ appliances, including a 6-burner stove, microwave drawer, refrigerator, and dishwasher. Retreat to the secluded primary wing featuring dual closets, private doors opening directly to the pool, and an adjacent fourth bedroom ideally positioned for a nursery or small child. On the opposite side of the house, a highly private guest wing offers two bedrooms—each with independent split-unit A/C and heating—sharing an exclusive full bath, smartly designed with discrete access to the kitchen and outdoors to ensure the homeowner remains completely undisturbed. Completing this incredible property is a separate exterior unit that is fully ADU-ready, offering exceptional potential for a future guest house, rental income, or a private home office.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,218 | 1,873 | 66% |
| Lot Size | 20,038 | 9,583 | 79% |
| Price | $975.0K | $726.3K | 80% |
| Price per sq ft | $440 | $395 | 70% |
| Built year | 1963 | 1964 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 134 | 3% |
Jun 3, 2026
$975,000
Initial Listing
Jan 6, 2025
$830,000
Public Record
Mar 3, 2016
$550,000
Public Record
Jul 31, 2015
$300,000
Public Record