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16672 Mockingbird Canyon Road, Riverside, California 92504, Riverside, 92504 - 5 bed, 5 bath

16672 Mockingbird Canyon Road, Riverside, California 92504 home-pic-0
ACTIVE UNDER CONTRACT$825,000
16672 Mockingbird Canyon Road, Riverside, California 92504
5Beds
5Baths
1,656Sqft
47,916Lot

Price Vs. Estimate

The estimated value ($782,718.495) is $42,281.505 (5%) lower than the list price ($825,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 47916, living area = 1656.
Top Cons:
Age of Original Structure: Built in 1939, the main home, despite extensive renovations, may still carry inherent challenges associated with older construction, potentially requiring specialized maintenance or revealing unforeseen issues over time.

Compared to the nearby listings

Price:$825.0K vs avg $630.0K (+$195,000)73%
Size:1,656 sqft vs avg 1,594.5 sqft54%
Price/sqft:$498 vs avg $41283%

More Insights

Built in 1939 (86 years old).
Condition: Despite the original build year of 1939, the property has undergone extensive and recent renovations, as explicitly stated in the description: 'New roof, electrical, plumbing, kitchen, bathrooms, flooring, water heater, and septic certification.' The images confirm this, showcasing modern, virtually new kitchens with stainless steel appliances and contemporary finishes, and updated bathrooms with stylish tiling and fixtures. The presence of mini-split AC units indicates modern cooling/heating. All major components appear new or recently replaced, aligning with the 'Excellent' criteria for a property extensively renovated within the last 5 years, with no deferred maintenance and minimal physical depreciation.
Year Built
1939
Close
-
List price
$825K
Original List price
$875K
Price/Sqft
$498
HOA
-
Days on market
-
Sold On
-
MLS number
IV25245147
Home ConditionExcellent
Features
Deck
View-

About this home

Spacious two-unit property on over an acre of land—perfect for multi-generational living, rental income, or investment potential! New roof, electrical, plumbing, kitchen, bathrooms, flooring, water heater, and septic certification. Move in ready! The main home features 3 bedrooms and 2 bathrooms, offering a comfortable layout with plenty of natural light and space to relax or entertain. Designated laundry space in both homes. The second home, a 2-bedroom, 1.25-bath manufactured home, provides great flexibility—ideal for extended family, guests, or as an income-producing rental. Outside, the expansive lot offers endless possibilities for outdoor living and future additions. A detached 2-car garage and storage shed provide ample space for parking, tools, and equipment. Enjoy the peace and privacy of country-style living while still being conveniently close to amenities. Whether you’re looking for a family compound or an investment opportunity, this property offers space, versatility, and value!

Condition Rating
Excellent
Despite the original build year of 1939, the property has undergone extensive and recent renovations, as explicitly stated in the description: 'New roof, electrical, plumbing, kitchen, bathrooms, flooring, water heater, and septic certification.' The images confirm this, showcasing modern, virtually new kitchens with stainless steel appliances and contemporary finishes, and updated bathrooms with stylish tiling and fixtures. The presence of mini-split AC units indicates modern cooling/heating. All major components appear new or recently replaced, aligning with the 'Excellent' criteria for a property extensively renovated within the last 5 years, with no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

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 = 47916, living area = 1656.
Dual-Unit Configuration & Income Potential: The property features two distinct units (main home and manufactured home), offering excellent flexibility for multi-generational living, significant rental income, or a robust investment opportunity.
Extensive Recent Renovations: Boasts comprehensive upgrades including a new roof, electrical, plumbing, kitchen, bathrooms, flooring, water heater, and septic certification, ensuring a move-in ready condition with reduced immediate maintenance concerns.
Expansive Lot Size: Situated on over an acre of land, providing ample space for privacy, outdoor activities, potential future expansions, and a desirable country-style living experience.
Versatility & Investment Value: The combination of two updated homes on a large lot caters to a wide range of buyers, from those seeking a family compound to investors looking for a property with diverse income streams.
Functional Outbuildings: Includes a detached 2-car garage and a storage shed, offering valuable space for parking, tools, equipment, and additional storage needs.

Cons

Age of Original Structure: Built in 1939, the main home, despite extensive renovations, may still carry inherent challenges associated with older construction, potentially requiring specialized maintenance or revealing unforeseen issues over time.
Manufactured Second Unit: The second dwelling being a manufactured home might be perceived differently by some buyers or lenders compared to a traditional stick-built accessory dwelling unit (ADU), potentially impacting appraisal or resale value.
Septic System Reliance: While recently certified, reliance on a septic system rather than municipal sewer can be a long-term maintenance consideration and a potential concern for buyers unfamiliar or uncomfortable with such systems.

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