3003 Central Avenue, Riverside, California 92506, Riverside, 92506 - 4 bed, 4 bath
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Riverside, California 92506
This Unique Hilltop Estate is listed at $1,199,000, positioned near its $1,157,871 Fair Market Value. Maintaining a Fair Condition Rating, the 1939-built home features an updated Granite Kitchen and breathtaking Panoramic Views of the city and mountains. The expansive 2.06-Acre Lot offers a Sparkling Pool, a private Studio with Kitchenette, and two flat pads ideal for an ADU or Lot Split. Located within the Riverside Unified district, the property provides a rare combination of lifestyle amenities and development upside. This versatile asset is perfectly suited for Owner-Occupants or Savvy Investors looking to maximize land utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3003 Central Avenue Subject | $1,199,000* List Price | 4 | 4 | 3,120 | $371 | - |
A 2475 Sunset Drive Sold | $1,040,000 | 4 | 3 | 3,310 | $314 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this property is well-maintained for its age and features some significant updates, such as the kitchen with stainless steel appliances, granite counters, and new cabinets as per the description. The living areas boast well-kept hardwood floors and modern recessed lighting. However, the visible bathroom appears to have been updated approximately 15-30 years ago, showing a clean but somewhat dated style (e.g., tile work and vanity). While move-in ready, the property's overall condition reflects its age with a mix of updates and older elements, fitting the 'Fair' category of being aged but maintained through regular upkeep and occasional updates, with some components showing signs of being outdated.
The property boasts gorgeous, panoramic views of the city, mountains, and hills from its private hilltop location and multiple balconies, significantly enhancing its appeal and value.
Situated on a large 2.06-acre private hilltop lot, the property offers ample space and privacy, with two identified flat pads suitable for building an additional home, ADU, pool home, or potential lot split, providing significant future value.
The grounds feature a sparkling pool with a dedicated bathroom/dressing room, an above-ground spa, a large outdoor kitchen area, covered patios, and even a tree house, creating a comprehensive resort-like outdoor living experience.
Built in 1939, while charming, the property may have original or older systems (e.g., plumbing, electrical, HVAC) that could require significant maintenance, repair, or costly upgrades beyond the noted kitchen renovation.
The large 2.06-acre lot with a pool, spa, outdoor kitchen, and numerous trees will require substantial ongoing landscaping and amenity maintenance, which could be a significant time and financial commitment for a buyer.
The main house features 4 bedrooms but only 2 full bathrooms, which might be considered a low bathroom-to-bedroom ratio for a property of 3,120 sq.ft., potentially impacting convenience for a larger family or guests.
Gorgeous Views from this Unique Property. Located on a private hilltop on a large lot 2.06 acres, this charming home features 3,120 sq.ft. of living space with 4 bedrooms, 2 bathrooms plus, a Studio with Kitchenette & 3/4 Bathroom with a private entry and a Converted garage featuring a Living Room, Bar, 1/2 Bathroom, Den/Gym & Laundryroom. The kitchen has views from the windows & has been updated with stainless steel appliances, granite counters & new cabinets. Split Floorplan with Several balconies to enjoy the gorgeous views of the city, mountains and hills. The lot features lots of trees, palm trees, a tree house, sparkling pool with a little bathroom/dressing room, above ground spa and a large outdoor kitchen area, covered front patio, covered porch. Plenty of square footage with two flat pads to built another Home, an ADU, Pool home or do a possible Lot split. Centrally located within Minutes to downtown, plaza area, restaurants, UCR & RCC, and easy access to freeway. Two full RV Hookups. Peaceful & Serene. This charming home is waiting for you to make it your own! Great 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 | 4.0 | 2.0 | 85% |
| Square foot | 3,120 | 1,873 | 85% |
| Lot Size | 89,734 | 9,583 | 98% |
| Price | $1.20M | $726.3K | 89% |
| Price per sq ft | $384 | $392 | 45% |
| Built year | 1939 | 1964 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 289 | 135 | 89% |
Aug 22, 2025
$1,199,000
Initial Listing