
Riverside, California 92504
This property presents a High-Potential Investment Opportunity with a List Price of $825,000—positioned well below the $806,837 Fair Market Value by -2%. Featuring a 4-bedroom, 2-bathroom layout on a massive 37,462 sqft lot, the home offers significant upside for ADU development or business use. With a Condition Rating of 4, the property requires modernization, making it an ideal project for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the expansive lot for long-term value appreciation and custom expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16340 Suttles Drive Subject | $825,000* List Price | 4 | 2 | 2,476 | $326 | - |
A 16930 Washington Sold | $799,900 | 4 | 2 | 2,054 | $389 | 0.8 mi |
B 17438 Sunset View Sold | $930,000 | 4 | 3 | 3,442 | $270 | 1.0 mi |
C 16872 Iris Active | $899,888 List Price | 3 | 2 | 2,950 | $305 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1976 (approx. 48 years old) and the listing does not mention any recent renovations to the kitchen, bathrooms, or major systems. While described as a 'hidden gem,' the marketing focus on 'options to build your dream home' and the presence of 1970s features like wood-beamed ceilings indicate the home is dated and requires modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37462, living area = 2476.
A true hidden gem! Located in the highly desirable Woodcrest community of Riverside Nearly 1 acre single story home, features 4 bedrooms, 2 bathrooms with options to built your dream home, investment or retirement facility business. The front double doors entrance leads to a formal living room area, formal dining area, the kitchen area that includes a breakfast nook opens to an extra living room area with fireplace and wood beamed ceilings. The nice size master bedroom has double doors with a double sink bathroom. The hallway bathroom has an extra door leading to the backyard, the covered enclosed patio is attached next to the sun room (can be used for extra space, game room, gym or office). Nice front L shape block wall with columns, caps and iron work, brick detail in the front with beautiful archways, and planters. Sufficient parking spaces for cars and RVs. The backyard features a basketball court, spa and plenty of space to built your dream backyard or ADUs Plenty space all around the property, fenced all the way through for security.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 2,476 | 1,867.892 |
| Lot Size | 37,462 | 8,787.773 |
| Price | $825.0K | $692.3K |
| Price per sq ft | $333 | $386 |
| Built year | 1976 | 1980 |
| HOA | $0 | $151 |
| Days on market | 7 | 55 |
Sep 2, 2026
$825,000
Initial Listing
Jan 4, 2019
$450,000
Public Record