2158 Ranchwood, Riverside, California 92506, Riverside, 92506 - 4 bed, 2 bath
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2158 Ranchwood
Riverside, California 92506
ACTIVE
CONDITION: GOOD
4Beds
2Baths
3,107Sq Ft
11,761Lot Size
Property Price
LIST PRICE$849,900
EST. MARKET VALUE
$879,192
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $849,900—positioned well below the $879,192 Fair Market Value by 3%. This valuation gap offers $29,292 in Instant Equity. With a Condition Rating of 3, the home features a 610-square-foot addition ideal for ADU conversion and a massive 770-square-foot garage. Located in the prestigious Riverside Unified district, this property balances immediate move-in readiness with significant income-generating potential, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Estimated Market Value
$879,192+$29,292 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2158 Ranchwood Subject 4 bd · 2 ba · 3,107 sqft · $283 | $849,900* List Price | 4 | 2 | 3,107 | $283 | - |
A 5306 Bardwell Sold 4 bd · 2 ba · 2,439 sqft · $332 · 1.0 mi | $810,000 | 4 | 2 | 2,439 | $332 | 1.0 mi |
B 6282 Shaker Drive Sold 5 bd · 3 ba · 2,817 sqft · $348 · 0.8 mi | $980,000 | 5 | 3 | 2,817 | $348 | 0.8 mi |
C 1420 Timberlane Sold 5 bd · 4 ba · 2,714 sqft · $290 · 0.7 mi | $787,000 | 5 | 4 | 2,714 | $290 | 0.7 mi |
D 6266 Shaker Sold 4 bd · 3 ba · 2,544 sqft · $310 · 0.8 mi | $788,000 | 4 | 3 | 2,544 | $310 | 0.8 mi |
E 6523 Westview Drive Sold 4 bd · 3 ba · 2,198 sqft · $342 · 0.9 mi | $752,000 | 4 | 3 | 2,198 | $342 | 0.9 mi |
F 2350 Shadow Hill Drive Active 5 bd · 3 ba · 3,258 sqft · $300 · 0.6 mi | $978,000 List Price | 5 | 3 | 3,258 | $300 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1974, the property is well-maintained and described as turnkey. Interior photos show updated flooring and a renovated bathroom vanity and fixtures likely completed within the last 5-15 years. The home appears move-in ready with no immediate signs of major system failure or structural neglect.
PROSSTRENGTHS & OPPORTUNITIES
- ADU Conversion Potential
The 610-square-foot addition with a mezzanine level provides a significant opportunity for an ADU conversion, ideal for multi-generational living or generating rental income.
- Exceptional Parking and Storage
With a spacious 770-square-foot three-car garage and dedicated RV parking, the property offers superior utility for homeowners with multiple vehicles or recreational equipment.
- Turnkey Condition in Prime Location
Located in the highly desirable Canyon Crest neighborhood, this meticulously maintained and clean home offers immediate move-in readiness in a prestigious Riverside area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3107, other record living area = 2497. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Limited Bathroom Count
For a home of over 3,100 square feet with four bedrooms, having only two bathrooms may be considered insufficient for modern buyer expectations and larger families.
- Lack of Scenic Views
Despite its location in a premium neighborhood known for its topography, the property lacks the elevated views often sought after by buyers in the Canyon Crest market.
About 2158 Ranchwood
VERY CLEAN and TURNKEY! Well maintained 4 bedroom home in very desirable Canyon Crest neighborhood of Riverside. 610 Square foot addition with mezzanine level is perfect for ADU conversion. RV parking in large driveway along with a 3 car 770 square foot garage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 3,107 | 1,854.896 |
| Lot Size | 11,761 | 8,680.308 |
| Price | $849.9K | $698.4K |
| Price per sq ft | $274 | $380 |
| Built year | 1974 | 1982 |
| HOA | $0 | $156 |
| Days on market | 78 | 57 |
Pricing History
Listed for Sale
Aug 8, 2026
$849,900
Initial Listing