3151 Neptune Drive, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
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Riverside, California 92503
This Value-Add Single-Level Residence is listed at $549,900, representing a market-aligned entry point relative to its $550,786 Fair Market Value. Holding a Condition Rating of 4, this "cosmetic fixer" offers a clear path to forced appreciation through aesthetic updates to its functional three-bedroom layout. The property is distinguished by an expansive 7,405 sqft corner lot near the 91 Freeway and Tyler Mall. Located within the Riverside Unified district near Lake Hills Elementary (8/10), it balances investment potential with strong neighborhood fundamentals. This is a strategic acquisition for Fix-and-Flip Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3151 Neptune Drive Subject | $549,900* List Price | 3 | 2 | 1,178 | $468 | - |
A 3465 Sparrow Sold | $525,000 | 3 | 2 | 1,080 | $486 | 0.9 mi |
B 3233 Saratoga Street Sold | $575,000 | 3 | 2 | 1,224 | $470 | 0.7 mi |
C 11383 Millard Sold | $615,000 | 3 | 2 | 1,400 | $439 | 1.0 mi |
D 10269 Seneca Sold | $580,000 | 3 | 2 | 1,000 | $580 | 0.5 mi |
E 10535 Salisbury Sold | $576,000 | 4 | 2 | 1,404 | $410 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977 and explicitly described as a 'cosmetic fixer,' the property is functional but dated. While it features newer grey carpeting and fresh interior paint, it retains several original or aged elements including popcorn ceilings, wood wall paneling, and a kitchen with older oak cabinetry and white appliances. The home appears well-maintained and livable but requires significant aesthetic updates to the kitchen, bathrooms, and fixtures to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1178.
The property is ideally situated near the 91 Freeway, Tyler Mall, and Corona Hills Plaza, offering excellent commuter access and proximity to premier shopping and dining.
Positioned on a generous 7,405 sqft corner lot, the home features a spacious rear yard that provides enhanced privacy and significant potential for outdoor improvements or expansion.
Identified as a cosmetic fixer, the home requires an additional capital investment for updates to flooring, paint, and fixtures to bring it up to modern market standards.
Built in 1977, the property may possess aging systems or original finishes that could necessitate more extensive repairs beyond simple aesthetic improvements.
Opportunity awaits with this single-level corner lot home in Riverside! Featuring a spacious rear yard and a functional layout, this 3-bedroom, 2-bathroom cosmetic fixer is ready for your vision. The home includes a family room with a fireplace, a bright kitchen and dining area with backyard access, two guest bedrooms, a full bath, and a primary suite with a walk-in closet. Located in an established neighborhood near the 91 Freeway, Tyler Mall, Corona Hills Plaza, and Downtown Riverside—plus just a short drive to Orange County. Ideal for investors or buyers looking to build equity. Don't miss your chance!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 2.3 mi
Grades PK-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,178 | 1,634 | 19% |
| Lot Size | 7,405 | 7,841 | 50% |
| Price | $549.9K | $660.0K | 15% |
| Price per sq ft | $467 | $391 | 74% |
| Built year | 1977 | 1986 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 180 | 0% |
Apr 14, 2026
$549,900
Initial Listing