2083 Grace, Riverside, California 92504, Riverside, 92504 - 4 bed, 3 bath
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Riverside, California 92504
Analysis of 2083 Grace, Riverside, California 92504 is currently available with a list price of $2,399,500. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
While originally built in 1939, the property has undergone significant high-quality renovations. Key systems are updated, including a newer HVAC system installed in 2019 (5 years old) and dual-pane windows. The kitchen and bathrooms feature modern updates such as granite countertops, stainless steel appliances, and heated floors, placing the renovation status within the 5-15 year range for a well-maintained, move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 138521, living area = 2459.
The property features a substantial 940 sqft separate guest house with a full kitchen and independent HVAC, offering excellent potential for multi-generational living or rental income.
Situated on 3 acres of fully usable land, the estate includes rare infrastructure such as Gage Canal water shares, an irrigation pond, and a massive outdoor pavilion with a kitchen.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2459, other record living area = 2010.
The list price of nearly $2.4 million is significantly higher than the median for the Riverside area, which may limit the pool of qualified buyers and extend the days on market.
With dual septic systems, two electric meters, and extensive irrigation needs, the property requires more complex and potentially costly ongoing maintenance than a standard residential lot.
Welcome to this highly desirable single-story estate featuring a spacious main residence and a separate guest house, all situated on approximately 3 acres of usable land. The main home offers approximately 2,459 square feet of thoughtfully designed living space. A formal living room welcomes you with beautiful hardwood floors, while an arched doorway leads to the inviting family room featuring raised beamed ceilings and additional hardwood flooring. The family room flows seamlessly into the beautifully updated kitchen, showcasing stunning wood cabinetry, granite countertops, and stainless steel appliances. The hallway is lined with custom wood cabinetry, providing abundant storage, and includes pull-down access to a finished attic with standing-room storage space. Two generously sized secondary bedrooms are located at the front of the home, including one with direct access to the hall bathroom. The spacious primary suite features a large walk-in closet and a luxurious en-suite bath complete with heated floors and a heated towel rack. The separate single-story guest house offers approximately 940 square feet of comfortable living space, including an open-concept living area, full kitchen, one bedroom, and a ¾ bathroom. Additional highlights include a cozy wood-burning stove and its own central heating and air conditioning system. This exceptional property is loaded with upgrades and amenities, including electronic front gates, dual-pane windows, ceiling fans throughout, a whole-house fan and roof ventilator in the main residence, and a newer HVAC system installed in 2019 with updated ductwork. The property is serviced by two separate electric meters, two septic systems, and includes two valuable water shares from the Gage Canal, providing ample water for irrigation and household needs. Outside, you'll find a large irrigation pond, a huge pavilion with an outside kitchen and bathrooms, multiple storage sheds, extensive covered parking, and versatile workshop spaces. With all usable acreage and room for countless possibilities, this is a rare opportunity to own a truly special property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 2,459 | 1,471 | 81% |
| Lot Size | 138,521 | 8,276 | 96% |
| Price | $2.40M | $619.0K | 99% |
| Price per sq ft | $976 | $424 | 99% |
| Built year | 1939 | 1960 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 153 | 1% |
Jun 9, 2026
$2,399,500
Initial Listing
Jul 20, 2021
$1,300,000
Public Record
Oct 2, 2002
$430,000
Public Record