
Riverside, California 92508
This Multi-Generational Residential Asset is a High-Potential Investment Opportunity, listed at $850,000—positioned slightly above the $839,611 Fair Market Value. While requiring due diligence regarding the Unpermitted Addition, the property offers significant upside through its 1.5-acre Horse-Zoned Lot and versatile dual-living configuration. Featuring New A/C and Smart-Home Upgrades, the home maintains a Fair Condition Rating with room for cosmetic value-add. This unique Woodcrest retreat is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible space and scenic mountain views.
Property is moderate renovation needed.
Built in 1980 (44 years old), the home is functional but significantly dated. While the HVAC system is new and smart-home features have been added, the interior shows original-style bathrooms, popcorn ceilings, and older carpeting that exceed the 20-30 year age mark for modern standards. The presence of a 20-year-old unpermitted addition further aligns it with the 'Fair' category, requiring cosmetic updates and permit verification.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 67518, living area = 2180.
Situated on over 1.5 acres of horse-zoned land, this property offers rare space and versatility for equestrian use or rural lifestyle enthusiasts in the desirable Woodcrest area.
The property features a separate 2-bedroom living area and a total of five garage spaces, providing excellent flexibility for extended family, guests, or significant storage needs.
The secondary 2-bedroom living area was constructed without permits, which may complicate traditional financing and requires the buyer to assume responsibility for future compliance.
Prospective buyers face a significant verification burden regarding the property's actual square footage, room counts, and legal land use due to the non-permitted structures.
Discover a unique Woodcrest retreat offering space, versatility, and scenic views! The main home features 4 bedrooms, 2 baths, new A/C, a spacious family room, and a separate living room with a beautiful stone fireplace. Smart-home upgrades include Alexa-controlled lighting, programmed TV features, and fast-charging outlets. A separate 2-bedroom, 1-bath living area with its own 2-car garage offers added flexibility. This addition was already present when the seller purchased the property approximately 20 years ago and was added without permits. Buyer to verify permits, square footage, room count, and use. This horse-zoned property offers abundant parking, multiple entrances with RV access potential, and a large covered patio with BBQ and picnic areas. An attached 3-car garage provides additional parking and storage. Enjoy views of March Air Reserve Base and the surrounding rolling hills in desirable Woodcrest!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 2,180 | 1,854.896 |
| Lot Size | 67,518 | 8,680.308 |
| Price | $850.0K | $698.4K |
| Price per sq ft | $390 | $380 |
| Built year | 1980 | 1982 |
| HOA | $0 | $156 |
| Days on market | 73 | 57 |
Aug 12, 2026
$850,000
Initial Listing
Oct 28, 2005
$650,000
Public Record