
Riverside, California 92504
This Spacious Traditional Home represents a High-Potential Investment Opportunity, listed at $655,000—positioned well above the $627,351 Fair Market Value by -4%. While the home requires cosmetic modernization given its Condition Rating of 4, it features a newer roof and updated HVAC system. The expansive 11,761 sq. ft. lot offers significant ADU potential, providing long-term value-add flexibility. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovations in a well-established Riverside neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3198 Washington Subject | $655,000* List Price | 3 | 2 | 1,330 | $472 | - |
A 3558 Washington Sold | $650,000 | 3 | 2 | 1,316 | $494 | 0.4 mi |
B 7142 Potomac Sold | $500,000 | 3 | 1 | 1,224 | $408 | 0.6 mi |
C 4794 Granada Avenue Sold | $520,000 | 3 | 2 | 1,274 | $408 | 1.0 mi |
D 3463 Washington Street Sold | $465,000 | 2 | 1 | 990 | $470 | 0.2 mi |
E 7450 Emerald Street Sold | $520,000 | 3 | 1 | 1,112 | $468 | 0.5 mi |
F 3684 Cortez Street Sold | $500,000 | 3 | 2 | 1,242 | $403 | 0.9 mi |
G 7863 Railroad Avenue Active | $679,000 List Price | 3 | 2 | 1,684 | $403 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966, the home is dated but functional. While it benefits from a newer roof (3 years) and HVAC system (10 years), the interior finishes, particularly the kitchen and flooring, appear to be over 20 years old and require cosmetic modernization to meet current market standards.
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 the potential to add an Accessory Dwelling Unit (ADU), offering excellent long-term value and flexibility for the buyer.
The property features a newer roof (approximately 3 years old) and a replaced HVAC system and ducting, providing peace of mind and reducing immediate capital expenditure for major repairs.
Having been held by the same family for generations, the 1966-built home likely requires cosmetic updates and modernization to meet contemporary aesthetic standards.
With 64 days on the market, the property has exceeded the typical initial sales window, which may indicate a disconnect between the current list price and buyer perceived value.
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 | 2.3 |
| Square foot | 1,330 | 1,867.892 |
| Lot Size | 11,761 | 8,787.773 |
| Price | $655.0K | $692.3K |
| Price per sq ft | $492 | $386 |
| Built year | 1966 | 1980 |
| HOA | $0 | $151 |
| Days on market | 69 | 55 |
Jul 2, 2026
$655,000
Initial Listing
Apr 14, 1998
$80,000
Public Record