
Riverside, California 92507
This Modernized Historic Residence is a Strong Value Opportunity, listed at $779,000—positioned below the $788,796 Fair Market Value by 1%. This valuation gap provides $9,796 in Instant Equity. Boasting a Condition Rating of 2, the home features a renovated kitchen and contemporary finishes across a spacious five-bedroom layout. The expansive 10,019 sqft lot offers significant ADU potential within the Riverside Unified district, combining historic character with modern utility. This property is an ideal acquisition for Owner-Occupants seeking a move-in-ready sanctuary or Buy-and-Hold Investors targeting high-utilization assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2942 Denton Subject | $699,000* List Price | 5 | 2 | 1,990 | $387 | - |
A 2449 Rancho Sold | $860,000 | 4 | 3 | 1,907 | $451 | 0.5 mi |
B 2571 12th Street Sold | $625,000 | 4 | 2 | 1,509 | $414 | 0.5 mi |
C 2676 5th Sold | $617,500 | 4 | 2 | 1,401 | $441 | 1.0 mi |
D 4429 Forest Street Sold | $676,000 | 4 | 2 | 1,652 | $409 | 0.3 mi |
E 4771 Victoria Avenue Active | $825,000 List Price | 5 | 2 | 2,471 | $334 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1894, the property underwent a major renovation recently (indicated by the 2022 sales history jump). The interior features modern finishes, updated flooring, recessed lighting, and an updated kitchen, all appearing to be less than 5 years old and in mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1990.
The expansive 10,019 sqft lot offers significant potential for an Accessory Dwelling Unit (ADU) or further expansion, providing excellent opportunities for rental income or multi-generational living.
The home features a beautifully updated kitchen and modern finishes throughout, blending contemporary style with the home's original character for a move-in-ready experience.
Built in 1894, the property may have underlying structural or system considerations typical of century-old homes that require specialized maintenance despite recent cosmetic upgrades.
The home features 5 bedrooms but only 2 bathrooms, which may create logistical challenges for larger households and could impact the property's competitive appeal.
Welcome to this beautifully upgraded Riverside home offering the perfect blend of comfort, style, and opportunity. Situated on an expansive 10,000 sqft lot, this property presents incredible ADU potential, room to expand, or the perfect space for entertaining and large gatherings. Inside, you’ll find a spacious layout filled with natural light and modern finishes throughout. The updated kitchen flows seamlessly into the living and dining areas, making it ideal for both everyday living and hosting guests. There are 4 bedrooms which provide comfort and flexibility for any lifestyle. Conveniently located near schools, shopping, and major freeways, this home offers both accessibility and long term value. Don’t miss this unique opportunity to own a property with endless possibilities!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,990 | 1,654.5 | 66% |
| Lot Size | 10,019 | 8,276 | 68% |
| Price | $699.0K | $647.5K | 61% |
| Price per sq ft | $351 | $390 | 36% |
| Built year | 1894 | 1974 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 178 | 1% |
May 19, 2026
$699,000
$779,000
-10% Price Drop
Initial Listing
Apr 27, 2026
$779,000
Initial Listing
Feb 17, 2022
$605,000
Public Record
Jun 9, 2021
$160,000
Public Record
Mar 24, 1994
$186,000
Public Record