17492 Mariposa Avenue, Riverside, California 92504, Riverside, 92504 - 4 bed, 4 bath
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Riverside, California 92504
This Exceptional Multi-Generational Estate is a Prime Investment Opportunity listed at $1,350,000—positioned well below the $1,420,675 Fair Market Value by 4%. This valuation gap provides $70,675 in Instant Equity. Boasting a Move-In Ready Condition Rating, the property features a resort-style pool, mountain views, and a fully self-contained guest house. Located in the Riverside Unified district, this 0.69-acre lot includes paid-off solar and gated RV storage. It is a perfect match for Owner-Occupants or Multi-Generational Families seeking luxury with built-in value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17492 Mariposa Avenue Subject | $1,350,000* List Price | 4 | 4 | 4,213 | $337 | - |
A 17509 Fairbreeze Court Sold | $1,450,000 | 4 | 4 | 4,000 | $363 | 0.6 mi |
B 16718 Catalonia Drive Sold | $1,300,000 | 4 | 4 | 4,815 | $270 | 0.9 mi |
C 17536 Fairbreeze Court Sold | $1,575,000 | 4 | 5 | 4,526 | $348 | 0.6 mi |
D 16778 Nandina Avenue Sold | $1,749,000 | 5 | 6 | 5,426 | $322 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring several significant upgrades that elevate it above a standard 'fair' rating for its 1994 build year. The kitchen has been updated with stone countertops and new stainless steel appliances, and the home includes high-value additions like paid-off solar panels and a separate, functional guest house. While some original elements like the oak cabinetry remain, the overall condition of the flooring, paint, and resort-style outdoor amenities indicates pride of ownership and minimal deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30056, living area = 4213.
The property includes a fully self-contained guest house with its own private entrance, kitchen, and living area, offering exceptional versatility for extended family or rental income.
Situated on a massive 30,056 sqft corner lot, the estate features a dedicated flat area with gated street access specifically designed for RV or boat parking and storage.
The scale of the nearly 0.7-acre lot, combined with a pool, spa, and multiple structures, necessitates substantial ongoing landscaping and utility costs.
While the kitchen has been refreshed, other areas of this 1994-built home may require further cosmetic updates to align with modern luxury design trends.
Set on a prominent corner lot in the highly sought-after Woodcrest community, this exceptional home boasts space, versatility, and timeless elegance. The main residence features 4 bedrooms and 3.5 bathrooms, including two expansive primary suites, two fireplaces, large bonus recreational room, formal living and dining room, and thoughtfully curated living spaces designed for both relaxed living and sophisticated entertaining. Updated kitchen includes new five-burner stove and overhead microwave along with newly installed dishwasher. Resort-style outdoor living awaits with a sparkling pool and spa, lush mature landscaping, mountain views, and an inviting wraparound porch that enhances the home’s stately presence and indoor-outdoor flow. Complementing the main home is a separate guest structure with its own private entrance and driveway parking, offering a bedroom, bathroom, kitchen, and living area with brand new tankless water heater. A dedicated laundry room is located within the main residence, while additional washer and dryer hookups are available in the garage adjacent to the guest structure, providing added convenience and flexibility. The property also includes a separate flat lot with gated street access, ideal for RV or boat parking, storage, or potential future enhancements such as a garage or workshop. Additional highlights include paid-off solar and an enviable location in one of Woodcrest’s most desirable neighborhoods. Ideal for multi-generational living. This is a rare opportunity to own a property that seamlessly blends privacy, functionality, and upscale living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 4.0 | 2.0 | 88% |
| Square foot | 4,213 | 1,522 | 95% |
| Lot Size | 30,056 | 8,276 | 75% |
| Price | $1.35M | $620.0K | 91% |
| Price per sq ft | $320 | $412 | 10% |
| Built year | 1994 | 1960 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 201 | 1% |
Apr 2, 2026
$1,350,000
Initial Listing
Dec 24, 2009
$455,000
Public Record
Jun 16, 2004
$800,000
Public Record
Apr 19, 1994
$70,000
Public Record