
Riverside, California 92504
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $655,000—positioned above the $642,260 Fair Market Value. While currently priced slightly above market, the property features a Condition Rating of 3, bolstered by a 3-year-old roof and updated HVAC. The expansive 11,761 sq. ft. lot offers significant ADU potential, providing a clear path to forced appreciation. This property balances long-term utility with immediate livability, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3198 Washington Subject 3 bd · 2 ba · 1,330 sqft · $476 | $635,000* List Price | 3 | 2 | 1,330 | $476 | - |
A 7335 Lydia Avenue Sold 4 bd · 2 ba · 1,248 sqft · $435 · 0.5 mi | $542,257 | 4 | 2 | 1,248 | $435 | 0.5 mi |
B 3558 Washington Sold 3 bd · 2 ba · 1,316 sqft · $494 · 0.4 mi | $650,000 | 3 | 2 | 1,316 | $494 | 0.4 mi |
C 3646 Mariella Street Sold 3 bd · 2 ba · 1,220 sqft · $533 · 0.5 mi | $650,000 | 3 | 2 | 1,220 | $533 | 0.5 mi |
D 7702 Cassia Sold 4 bd · 2 ba · 1,372 sqft · $488 · 0.9 mi | $670,000 | 4 | 2 | 1,372 | $488 | 0.9 mi |
E 3479 Hoover Street Sold 3 bd · 3 ba · 1,600 sqft · $453 · 0.4 mi | $725,000 | 3 | 3 | 1,600 | $453 | 0.4 mi |
F 7550 Peters St. Active Under Contract 4 bd · 2 ba · 1,240 sqft · $444 · 0.6 mi | $550,000 List Price | 4 | 2 | 1,240 | $444 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1966 and features a dated kitchen with older tile countertops and cabinetry, it is exceptionally well-maintained and move-in ready. The score is bolstered by critical system updates, including a roof that is only 3 years old and an HVAC system replaced approximately 10 years ago, meeting the criteria for functional and well-maintained properties.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1330.
The generous 11,761 sq. ft. lot provides significant outdoor space and offers the potential to add an Accessory Dwelling Unit (ADU), increasing the property's long-term value and utility.
Buyers benefit from recent high-ticket maintenance items, including a roof that is only three years old and an HVAC system replaced within the last decade, reducing immediate move-in costs.
As a long-term family-held property built in 1966, the interior likely requires cosmetic updates and modern renovations to meet current market aesthetic standards.
With 69 days on the market, the property has surpassed the typical selling window for the area, which may indicate a misalignment between the current list price and the home's condition.
Welcome to a charming Riverside home that feels inviting from the moment you arrive. Offering 3 bedrooms, 2 bathrooms, and approximately 1,330 sq. ft. of living space, this home features a comfortable, well-designed floor plan with a warm, easygoing feel that makes it easy to imagine settling right in. Lovingly held within the same family through generations, this home offers more than just space — it carries a story, a sense of history, and the kind of warmth that comes from years of family memories. The living spaces offer a wonderful foundation for everyday comfort, entertaining, and personal touches, while the established neighborhood adds to the home’s sense of character and appeal. Buyers will also appreciate the added peace of mind that comes with a roof that is approximately 3 years new, along with an HVAC system and ducting that were replaced approximately 10 years ago. With its classic layout, desirable location, and opportunity to make it your own, this is a property that offers both immediate livability and long-term potential. Situated close to shopping, dining, schools, and commuter routes, the home also sits on a generous 11,761 sq. ft. lot, providing added flexibility and future possibilities. The lot may offer potential for an ADU, subject to buyer verification, zoning, site conditions, and City of Riverside requirements. Charming, comfortable, and full of possibility, this Riverside home offers the kind of lifestyle and location buyers will want to call home. Seller is very motivated — bring your buyers and bring your offers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,330 | 1,854.896 |
| Lot Size | 11,761 | 8,680.308 |
| Price | $635.0K | $698.4K |
| Price per sq ft | $477 | $380 |
| Built year | 1966 | 1982 |
| HOA | $0 | $156 |
| Days on market | 114 | 57 |
Oct 16, 2026
$635,000
$655,000
-3% Price Drop
Initial Listing
Jul 2, 2026
$655,000
Initial Listing
Apr 14, 1998
$80,000
Public Record