16571 Mockingbird Canyon, Riverside, California 92504, Riverside, 92504 - 2 bed, 2 bath
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16571 Mockingbird Canyon
Riverside, California 92504
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
2Baths
1,125Sq Ft
24,829Lot Size
Property Price
LIST PRICE$589,000
EST. MARKET VALUE
$620,735
5% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $589,000—positioned well below the $619,640 Fair Market Value by 4%. This valuation gap offers $30,640 in Instant Equity for buyers. With a Condition Rating of 5, the home requires modernization, yet the expansive 0.57-acre lot and Amazing Views provide significant upside for value-add projects. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to build long-term wealth through renovation.
Estimated Market Value
$620,735+$31,735 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1962 and sold 'as is,' this property is over 60 years old with no mention of recent renovations. The listing emphasizes 'potential' and land value, suggesting original systems and interiors that require significant rehabilitation to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24829, living area = 1125.
- Exceptional Views
The property offers breathtaking panoramic views of the canyon, mountains, and city lights, significantly enhancing its aesthetic appeal and market value.
- Expansive Lot Potential
Situated on a generous 0.57-acre lot, this property provides ample space for potential expansion, ADU development, or extensive outdoor landscaping projects.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in as-is condition, which may necessitate immediate capital investment for repairs or modernization of the 1962 structure.
- Limited Interior Square Footage
With only two bedrooms and 1,125 square feet of living space, the home's smaller footprint may limit its appeal to larger families or buyers seeking more spacious accommodations.
About 16571 Mockingbird Canyon
Amazing Views!! This single story home is located in the highly sought after Mockingbird Canyon community. This home offers the perfect blend of rural tranquility and everyday convenience. Situated on approximately 0.57 acres. This property provides ample outdoor space with endless possibilities. Inside you will find 2 bedrooms, 1.5 bathrooms and 1,125 square feet of comfortable living space. The inviting floor plan features a cozy fireplace ,abundant natural light, and a warm, welcoming atmosphere that makes you feel at home the moment you walk in. Featuring new double pane windows through out the home, and a new split system cooling and heating. Conveniently located just minutes from shopping ,dining, schools. This property delivers the peaceful lifestyle of country living with out sacrificing city conveniences. Don't miss this opportunity to own a slice of Mockingbird Canyon and enjoy all the charm, space, and potential this special property has to offer. Property is sold as is.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 24,829 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,125 | 1,867.892 |
| Lot Size | 24,829 | 8,787.773 |
| Price | $589.0K | $692.3K |
| Price per sq ft | $524 | $386 |
| Built year | 1962 | 1980 |
| HOA | $0 | $151 |
| Days on market | 43 | 55 |
Pricing History
Listed for Sale
Jul 28, 2026
$589,000
Initial Listing