
Riverside, California 92506
Analysis of 16480 Wagon Wheel, Riverside, California 92506 is currently available with a list price of $649,000. 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 1966 (58 years old) and explicitly marketed as a 'fixer-upper' sold 'As-Is,' the property requires significant rehab. The description emphasizes the need for renovation and updates to the kitchen and bathrooms, fitting the criteria for a home with aged systems and structural/aesthetic needs beyond simple maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38768, living area = 1968.
Situated on a generous 0.89-acre lot, this property offers significant outdoor space and privacy, providing a rare opportunity for expansion, ADUs, or custom landscaping.
The property features picturesque views of the surrounding hills, valley, and lush greenery, which enhances the overall tranquility and long-term value of the home.
The property is being sold strictly as a fixer-upper in its current condition, requiring a substantial investment of time and capital for necessary repairs and updates.
Built in 1966, the home likely requires significant modernization of major systems and cosmetic finishes to meet current building standards and buyer expectations.
Welcome to 16480 Wagon Wheel Drive, a fixer-upper offering 4 bedrooms, 2.5 bathrooms, and 1,968 sq. ft. of living space on an expansive 0.89-acre lot. This property is being sold strictly As-Is and presents a great opportunity for buyers looking for a home they can renovate, update, and make their own. The functional floor plan includes a spacious living room, kitchen and dining area, and separate family room, providing plenty of space to reimagine the home. A hallway off the entry leads to all four bedrooms and two full bathrooms, while the half bath is conveniently located near the laundry room. Sliding doors from both the living area and primary bedroom open to a spacious back patio and generous backyard. With nearly an acre of land, an established floor plan, and plenty of potential, this property is ideal for an investor, contractor, or buyer ready to bring their vision to life. 16480 Wagon Wheel Drive is ready for its next chapter and is being sold As-Is in its current condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,968 | 1,867.892 |
| Lot Size | 38,768 | 8,787.773 |
| Price | $649.0K | $692.3K |
| Price per sq ft | $330 | $386 |
| Built year | 1966 | 1980 |
| HOA | $0 | $151 |
| Days on market | 4 | 55 |
Sep 5, 2026
$649,000
Initial Listing