16920 Ponderosa, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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Riverside, California 92504
Analysis of 16920 Ponderosa, Riverside, California 92504 is currently available with a list price of $580,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1964 ranch-style home that has received recent cosmetic updates including new paint and carpet, making it move-in ready. However, it remains largely dated with original-style windows and a vintage stone fireplace. The exterior shows signs of deferred maintenance, including an unlandscaped dirt lot, weeds in the paver driveway, and significant clutter, which aligns with the 'fair' criteria for an aged home with only occasional updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29620, living area = 1164.
Situated on a massive 0.68-acre lot, this property is fully equipped for horse lovers with an existing 2-horse barn and ample space for a turnout or round pen.
Located in the highly sought-after Woodcrest neighborhood, the home offers proximity to top-rated schools including Martin Luther King Junior High.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =29620, other record lot size in square feet = 14810.
At just 1,164 square feet for a three-bedroom layout, the interior living space may feel constrained for larger families or those requiring significant storage.
Built in 1964, the property may require future capital investment for modernizing major systems or aesthetic updates beyond the recent cosmetic improvements.
Looking for horse property.... Welcome to 16920 Ponderosa Lane, a charming single-family ranch style home located in the heart of the desirable Woodcrest neighborhood of Riverside, CA. This 1,164-square-foot residence, built in 1964, offers a comfortable layout with 3 bedrooms and 2 bathrooms, situated on an expansive 0.68-acre lot. The interior features a cozy floor plan including a family room with a fireplace, perfect for relaxing evenings, new paint and carpet, primary bedroom and bathroom, 2 additional guest bedrooms and a hall bathroom, along with a sunroom off of the kitchen. Includes an attached 2-car garage, providing ample space for vehicles and additional storage. The large 29,620-square-foot lot offers a 2 horse barn and plenty of room for a turnout, round pin, and other outdoor activities, gardening, or potential future expansions. Families will appreciate proximity to highly-rated local schools, including Woodcrest Elementary, Frank Augustus Miller Middle School, and Martin Luther King Junior High School. Whether you're a first-time homebuyer or looking for a property with room to grow, this home presents a wonderful opportunity in a peaceful Riverside community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,164 | 1,518 | 21% |
| Lot Size | 29,620 | 8,276 | 75% |
| Price | $580.0K | $619.5K | 32% |
| Price per sq ft | $498 | $414 | 81% |
| Built year | 1964 | 1960 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 201 | 1% |
Apr 15, 2026
$580,000
Initial Listing