
Riverside, California 92507
This property presents a High-Potential Investment Opportunity with a List Price of $499,900—positioned well below the $513,507 Fair Market Value by 2%. This valuation gap offers $13,607 in Instant Equity. Featuring a Fair Condition Rating (5/10), the home requires a full rehab to address deferred maintenance. However, the expansive 10,890 sq. ft. lot and versatile workshop provide significant upside for forced appreciation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in the Riverside Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1809 7th St Subject | $499,900* List Price | 2 | 1 | 1,237 | $415 | - |
A 1836 Minnesota Sold | $538,000 | 3 | 2 | 1,401 | $384 | 0.3 mi |
B 2810 11th Street Sold | $467,500 | 3 | 2 | 1,120 | $417 | 0.9 mi |
C 1168 Athena Court Sold | $540,000 | 3 | 2 | 1,076 | $502 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928 (98 years old) with no evidence of recent renovations, this property relies on outdated wall heaters and window AC units. The exterior shows significant neglect, including a hazardous stagnant green pool and excessive debris, indicating the home requires a full rehab to address safety and deferred maintenance issues.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10890, living area = 1237.
The property features a generous 10,890 sq. ft. lot, providing significant outdoor space for gardening, recreation, or the potential addition of an Accessory Dwelling Unit (ADU).
Beyond the main living area, the inclusion of a 377 sq. ft. workshop and a 139 sq. ft. basement offers exceptional utility for storage, hobbies, or creative projects.
With only one bathroom serving the two-bedroom residence, the layout may be a drawback for families or those prioritizing modern convenience and privacy.
The reliance on gas wall heaters and window/wall air conditioning units rather than a modern central HVAC system may impact energy efficiency and consistent comfort.
Charming traditional single-story home situated on an expansive approximately 10,890 sq. ft. lot in Riverside's Eastside neighborhood. This 2-bedroom, 1-bath residence offers approximately 1,237 sq. ft. of above-grade living space with a functional layout, kitchen with cabinetry and countertops, laundry area, covered porch and patio areas, one-car carport, and additional non-living spaces including an approximately 139 sq. ft. basement and approximately 377 sq. ft. workshop. The home features a gas wall heater and wall/window air conditioning. Conveniently located near schools, services, employment and neighborhood amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,237 | 1,867.892 |
| Lot Size | 10,890 | 8,787.773 |
| Price | $499.9K | $692.3K |
| Price per sq ft | $404 | $386 |
| Built year | 1928 | 1980 |
| HOA | $0 | $151 |
| Days on market | 26 | 55 |
Aug 14, 2026
$499,900
Initial Listing