1816 Main Street, Riverside, California 92501, Riverside, 92501 - 2 bed, 1 bath
1816 Main Street
Riverside, California 92501
Property Price
SUMMARY
Analysis of 1816 Main Street, Riverside, California 92501 reveals a Prime Investment Opportunity with a current list price of $455,000—significantly undercutting the $469,913 Fair Market Value by 3%. This valuation gap indicates a +$14,913 Instant Equity potential for buyers. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1816 Main Street Subject | $455,000* List Price | 2 | 1 | 1,046 | $449 | - |
A 3174 Mulberry Street Sold | $470,000 | 2 | 1 | 832 | $565 | 0.9 mi |
B 1498 Powell Sold | $589,000 | 4 | 2 | 1,230 | $479 | 0.3 mi |
C 3842 Ridge Road Sold | $540,000 | 3 | 2 | 1,023 | $528 | 0.6 mi |
D 3533 Nash Sold | $530,000 | 3 | 2 | 1,220 | $434 | 0.7 mi |
E 4185 Federal Sold | $535,000 | 4 | 2 | 1,323 | $404 | 0.5 mi |
F 4557 Snake River Road Sold | $563,500 | 3 | 2 | 1,347 | $418 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1912, this property is aged but appears well-maintained with some recent functional updates. The seller has installed new double-pane windows and a new exterior door, and the kitchen features modern appliances (refrigerator, range, microwave) and modern stacked laundry units. However, the kitchen cabinets and countertops are dated in style, as is the bathroom vanity and fixtures. A significant drawback is the reliance on a wall furnace and wood fireplace for heating, with no central air conditioning, which is a major functional deficiency for a California home. While clean and functional, the overall aesthetic and lack of modern HVAC systems indicate it requires more than minor cosmetic updates to meet contemporary standards, placing it in the 'Fair' category rather than 'Good' or 'Poor'.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Exceptional proximity to Fairmont Park & Golf Course, major freeways, shopping centers, schools, and entertainment venues, offering convenience and a vibrant lifestyle.
- Recent Energy-Efficient Upgrades
Seller has recently installed new double-pane windows throughout the property and a new exterior door, enhancing energy efficiency and curb appeal.
- Flexible Living Space
The laundry room is currently utilized as a third bedroom, providing adaptable living arrangements and potential for additional sleeping space.
CONSRISKS & DEFICIENCIES
- Exclusive Street Parking
The absence of a garage or driveway means parking is limited solely to the street, which can be a significant inconvenience and potential security concern for residents.
- Lack of Central Cooling System
The property description only mentions a wood fireplace and a wall furnace for heating, with no indication of an air conditioning system, which could be a major drawback during hot California summers.
- Historic Property Considerations
Built in 1912, the home's age may imply older infrastructure, plumbing, and electrical systems that could require future maintenance or upgrades to meet modern standards.
About 1816 Main Street
Take a look at this cute and well kept 2 Bedroom 1 Bath with a laundry room (currently being used as a 3rd bedroom), spacious kitchen, dining area, large yard, and a basement. This home has a wood fireplace and a wall furnace for seasonal warmth. Recent upgrades by the seller include the installation of new double-pane windows throughout the property and a new exterior door leading from the dining area to the backyard. Please note that parking is exclusively available on the street, no garage or driveway. The property boasts an exceptional location with close proximity to a wealth of amenities, including Fairmont Park and Golf Course, major freeways, shopping centers, schools, entertainment venues, and picturesque hiking trails offering breathtaking panoramic views of the city and surrounding mountains.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Riverside Unified Schools
Fremont Elementary School
Grades PK-6 • 0.2 mi
Patricia Beatty Elementary School
Grades PK-6 • 0.5 mi
Ina Arbuckle Elementary School
Grades K-6 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 1,046 | 1,404 | 17% |
| Lot Size | 6,534 | 7,405 | 42% |
| Price | $455.0K | $585.0K | 8% |
| Price per sq ft | $435 | $410 | 64% |
| Built year | 1912 | 1953 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 173 | 7% |
Pricing History
Listed for Sale
Jan 9, 2026
$455,000
Initial Listing
Sold
Nov 2, 2016
$205,000
Public Record
Sold
Jun 2, 2014
$136,000
Public Record
Sold
Oct 6, 2008
$164,772
Public Record
Sold
Jan 10, 2007
$170,000
Public Record
Sold
Jan 25, 2005
$220,000
Public Record