2374 5th Street, Riverside, California 92507, Riverside, 92507 - 4 bed, 2 bath
ACTIVE$695,000
2374 5th Street, Riverside, California 92507
4Beds
2Baths
2,215Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($695,000) is $0 (0%) lower than the list price ($695,000). This property may be overpriced.
Key pros and cons
Top Pros:
Extensive Modern Renovation: The property has undergone comprehensive upgrades including new plumbing, electrical, windows, flooring, kitchen, bathrooms, and paint, offering a move-in ready experience.
Top Cons:
Tenant Occupied / Restricted Access: The property is tenant-occupied with strict instructions not to disturb, significantly limiting viewing and inspection access for potential buyers.
Compared to the nearby listings
Price:$695.0K vs avg $652.9K (+$42,065)64%
Size:2,215 sqft vs avg 1,854 sqft76%
Price/sqft:$314 vs avg $35833%
More Insights
Built in 1928 (97 years old).
Condition: Despite being built in 1928, the property has undergone an extensive and recent renovation, as indicated by 'all new upgrades' including plumbing, electrical, electrical panel, windows, laminate flooring, kitchen, bathrooms, doors, and appliances. The exterior image shows new windows and fresh paint, supporting the description of a modern refresh. This comprehensive renovation brings the property's condition to virtually new standards, aligning with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
1928
Close
-
List price
$695K
Original List price
$713K
Price/Sqft
$314
HOA
-
Days on market
-
Sold On
-
MLS number
SR25139741
Home ConditionExcellent
Features
Good View: City Lights
Pool
ViewCity Lights
About this home
DRIVE BY DO NOT DISTURB THE TENANTS! This rehab pool property is a definite opportunity you don’t want to miss! Great investment opportunity with potential option for an additional ADU. In the quaint area within near proximity of Downtown Riverside. The property has a modern lift with all new upgrades such recessed lighting throughout, plumbing, electrical, electrical panel, new windows, new laminate flooring, new kitchen, new bathrooms, new flooring, new doors, new sliding doors, new wood fence, new appliances, new paint, with so much more!!! Spacious back yard for parking and entertaining.
Condition Rating
Excellent
Despite being built in 1928, the property has undergone an extensive and recent renovation, as indicated by 'all new upgrades' including plumbing, electrical, electrical panel, windows, laminate flooring, kitchen, bathrooms, doors, and appliances. The exterior image shows new windows and fresh paint, supporting the description of a modern refresh. This comprehensive renovation brings the property's condition to virtually new standards, aligning with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons
Pros
Extensive Modern Renovation: The property has undergone comprehensive upgrades including new plumbing, electrical, windows, flooring, kitchen, bathrooms, and paint, offering a move-in ready experience.
Strong Investment Potential: Described as a 'great investment opportunity' with the potential for an additional ADU, offering future income or multi-generational living options.
Private Pool & Spacious Backyard: Features a private pool and a spacious backyard, ideal for recreation, entertaining, and enhancing outdoor living.
Prime Location & Views: Located in a quaint area near Downtown Riverside, providing convenient access to amenities, and boasts desirable city lights views.
Recent Price Reduction: The list price has been reduced from $713,000 to $695,000, potentially indicating motivated sellers and a more attractive entry point for buyers.
Cons
Tenant Occupied / Restricted Access: The property is tenant-occupied with strict instructions not to disturb, significantly limiting viewing and inspection access for potential buyers.
Historic Property Age: Built in 1928, despite extensive renovations, the older foundation and structure may present unique long-term maintenance considerations not covered by recent upgrades.
Unspecified Cooling System: While many systems were upgraded, there is no explicit mention of a cooling system (e.g., air conditioning), which could be a significant drawback in Riverside's climate.