3112 1st, Riverside, California 92507, Riverside, 92507 - 0 bed, 0 bath
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3112 1st
Riverside, California 92507
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,600Sq Ft
29,185Lot Size
Property Price
LIST PRICE$1,478,000
SUMMARY
Analysis of 3112 1st, Riverside, California 92507 is currently available with a list price of $1,478,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1904, the property shows evidence of a comprehensive renovation within the last 5-15 years. Interior photos reveal updated bathrooms with stone tile work and modern vanities, new laminate flooring, and crown molding. A modern HVAC condenser is visible, and the exterior features updated slate tiling and clean concrete, indicating the home is well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Income Potential
The property features two large 1,800 sq. ft. units on a single lot, offering significant rental income opportunities or a flexible multi-generational living arrangement.
- Substantial Lot Size
With nearly 30,000 sq. ft. of land, the expansive lot provides rare privacy, individual yards for each unit, and significant potential for future development or ADU additions.
- Versatile Workshop Space
The inclusion of an additional workshop adds valuable utility for storage, creative projects, or home-based business needs, distinguishing it from standard duplexes.
CONSRISKS & DEFICIENCIES
- Historic Maintenance Risks
Built in 1904, the property likely requires ongoing and potentially costly maintenance to update aging infrastructure, such as plumbing, electrical, and structural systems.
- Aggressive Pricing
The list price of $1.478M reflects a significant premium over its 2023 sale price of $1.25M, which may pose challenges for appraisal and buyer ROI expectations.
About 3112 1st
THIS UNIQUE PROPERTY HAS BEEN REHABBED THOUGHOUT THE YEARS WITH EACH UNITS EXQUSITLY MODERN ALL LAMINATE WOOD FLOORS, CROWN MOLDING, CENTRAL AC, GRANITE COUNTERS inside & out of the homes. EACH UNIT HAS APPROX 1800 SQ FT living space EACH, TOTALING 3600 SQ FT ON A 29,185 square foot lot (accesors records). INDIVIDUAL ADDRESS EACH WITH PRIVATE YARDS, CARPORTS, SECURE REMOTE ACCESS GATES, The back of the lot is separately fenced with LARGE GATE ACCESS for large vehicles.. HAS A SEPARATE STORAGE YARD with a very tall carport port & separate workshop/garage with automatic rollup door & a restroom on the side for visitors (permits unknown). BMP zoned, commercial with incidental storage offices however. (READ THE INHERITED CITY ZONE CLAUSE) residential occupancy may still exist, stipulates, cannot be vacant more than 6 months or it's subject to lose that zone status. Next to the railroad tracks with convenient access to the 60/215/91 fwys. Complete Conditions-Report | ?Plans-Architecual-Structural | Electrical Set | Mechanical Set 4 | Plan-Check-Responses 7.pdf? | ?Plumbing Set 6 | Phase 1 | City Fire Dept water flow test for an additional 3000 sqft structure in the future subject to design review. https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT19ZO_ARTVIISPLAUSPR_CH19.510OUSTNC https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT19ZO_ARTVBAZOREUSDEPR_CH19.130INZOBMIAIAI https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT19ZO_ARTIXLAUSDEPEREPR_CH19.710DERE The proposed 26-ft height 3,500 SF building complies with the development of the subject BMP zoning - https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT19ZO_ARTVBAZOREUSDEPR_CH19.130INZOBMIAIAI. Please also make sure the proposal complies with the following code sections: RMC Chapter 19.580 – Parking and Loading: https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT19ZO_ARTVIIISIPLGEDEPR_CH19.580PALO RMC Chapter 19556 – Outdoor Lighting (if outdoor lighting is proposed) https://library.municode.com/ca/riverside/codes/code_of_ordinances?nodeId=PTIICOOR_TIT19ZO_ARTVIIISIPLGEDEPR_CH19.556OULI PLEASE REVIEW: Based on the proposed scope attached in supplements (such as a Minor Conditional Use Permit or Design Review) are required at this time. The proposed Building Permit applications: BP-2026-08835 | BP-2026-09179 | BP-2026-09184
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1904
- Lot Size
- 29,185 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 4.3 |
| Baths | 0.0 | 3.4 |
| Square foot | 3,600 | 2,079.818 |
| Lot Size | 29,185 | 8,474.636 |
| Price | $1.48M | $838.8K |
| Price per sq ft | $411 | $378 |
| Built year | 1904 | 1978 |
| HOA | $0 | $249 |
| Days on market | 4 | 77 |
Pricing History
Listed for Sale
Sep 5, 2026
$1,478,000
Initial Listing
Sold
Jan 24, 2023
$1,250,000
Public Record
Sold
Aug 13, 2015
$350,000
Public Record
Sold
Aug 26, 2005
$350,000
Public Record