
Riverside, California 92504
This Multi-Family Ranch Estate represents a High-Potential Investment Opportunity, listed at $1,250,000—positioned slightly above the $1,202,797 Fair Market Value. While the price reflects a premium, the property offers significant value-add potential through its Guest Dwelling and pending permits for two Junior ADUs. Featuring a Good Condition Rating, this 1.3-acre equestrian-ready lot includes a Swimming Pool, Spa, and Mountain Views. This versatile asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking for multi-generational living solutions.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17660 Mariposa Subject 6 bd · 3 ba · 2,880 sqft · $418 | $1,250,000* List Price | 6 | 3 | 2,880 | $418 | - |
A 17008 Birch Hill Road Sold 4 bd · 4 ba · 2,899 sqft · $414 · 0.8 mi | $1,200,000 | 4 | 4 | 2,899 | $414 | 0.8 mi |
B 17731 Glen Hollow Sold 5 bd · 4 ba · 3,912 sqft · $326 · 0.9 mi | $1,275,000 | 5 | 4 | 3,912 | $326 | 0.9 mi |
C 17650 Laurel Grove Sold 4 bd · 4 ba · 3,385 sqft · $343 · 0.7 mi | $1,160,000 | 4 | 4 | 3,385 | $343 | 0.7 mi |
D 16891 Mariposa Active 6 bd · 3 ba · 3,210 sqft · $358 · 0.8 mi | $1,150,000 List Price | 6 | 3 | 3,210 | $358 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004 (20 years old), the property falls within the 'Good' age bracket. It features recent cosmetic renovations including new flooring and paint, and the description confirms functional central HVAC. While move-in ready, the presence of popcorn ceilings and 20-year-old architectural details keeps it from the 'Excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 57499, living area = 2880.
The property features a guest dwelling and pending permits for two Junior ADUs, offering significant potential for rental income or multi-generational living.
Situated on over 1.3 acres of fenced land suitable for horses, the estate includes a swimming pool, spa, and mountain views, providing a complete ranch lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2880, other record living area = 1772. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
The conversion of garage spaces into Junior ADUs is still in the permit application phase, which may lead to delays or modifications depending on city approval.
The listing price reflects a significant increase from its last sale in late 2024, which may present appraisal challenges despite the recent renovations and upgrades.
Location. Location. Location. Award winning high school. Multi-family home, Beautiful Ranch style home with guest dwelling. RV parking, 2 cars attached and 6 cars attached garage, swimming pool and spa, central heating and air conditioning, dining room. new painting, new floor. The property in a fenced with accessible and for horses. The homeowner is applying a permit for each of the unit for two junior ADU (to convert two of the garage spaces to two dwelling areas. The owner has spent a lot of time and money on renovating the house. The owner has paid for new drawings of the property. Do not miss the opportunities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 3.0 | 2.2 |
| Square foot | 2,880 | 1,854.896 |
| Lot Size | 57,499 | 8,680.308 |
| Price | $1.25M | $698.4K |
| Price per sq ft | $434 | $380 |
| Built year | 2004 | 1982 |
| HOA | $0 | $156 |
| Days on market | 7 | 57 |
Oct 17, 2026
$1,250,000
Initial Listing
Dec 6, 2024
$1,080,000
Public Record
May 6, 2022
$800,000
Public Record
Mar 29, 2019
$620,000
Public Record
Jul 29, 2016
$539,000
Public Record