2835 Calle Sausalito, Riverside, California 92503, Riverside, 92503 - 4 bed, 2 bath
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Riverside, California 92503
This Value-Add Residential Asset is a Strong Value Opportunity, listed at $585,000—positioned well below the $632,381 Fair Market Value by 7%. This valuation gap provides $47,381 in Instant Equity for buyers. Featuring a Private Pool and a Generous 7,841 Sqft Lot, the home holds a Condition Rating of 4, serving as a blank canvas for modernization. Located within the Riverside Unified district, it offers significant forced appreciation potential through cosmetic updates. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build wealth through a custom renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2835 Calle Sausalito Subject | $585,000* List Price | 4 | 2 | 1,414 | $441 | - |
A 9549 Hermitage Sold | $600,000 | 3 | 2 | 1,348 | $445 | 0.2 mi |
B 8864 Haskell Active | $685,000 List Price | 3 | 2 | 1,396 | $491 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, the property is over 20 years old and described as a 'blank canvas,' suggesting it needs updates. While the bathroom shows a mid-range renovation (approx. 5-15 years old), other areas like the bedrooms feature dated popcorn ceilings and older carpet, requiring minor repairs and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1414.
The property features a backyard pool, a highly desirable amenity in the Riverside climate that adds significant recreational value and appeal for families.
Marketed as a 'blank canvas,' this home offers substantial upside for investors or owner-occupants looking to build equity through custom renovations and modernization.
The property is described as a blank canvas, implying it likely requires extensive cosmetic and functional updates before it is move-in ready.
Built in 1976, the home may have aging major systems such as HVAC, plumbing, or electrical that could require costly upgrades to meet modern standards.
Opportunity awaits at 2835 Calle Sausalito in Riverside. This property offers a rare chance to create your ideal living space or investment with a true blank canvas. Featuring a functional layout, a spacious lot, and a backyard with a pool, the home is ready for your personal touch and vision. Whether you’re an investor looking to add value or an end user eager to customize, this property presents strong upside potential in an established neighborhood.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,414 | 1,618 | 38% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $585.0K | $660.0K | 24% |
| Price per sq ft | $414 | $397 | 57% |
| Built year | 1976 | 1983 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 148 | 2% |
Apr 29, 2026
$585,000
Initial Listing
Aug 11, 2009
$135,000
Public Record
Sep 28, 2001
$180,000
Public Record