3262 Racine, Riverside, California 92503, Riverside, 92503 - 3 bed, 2 bath
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Riverside, California 92503
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well above the $449,832 Fair Market Value by -16%. Given the Condition Rating of 5, the home requires a full-scale renovation to address structural neglect and dated systems. However, the R.V. Access Parking and proximity to the Galleria at Tyler provide strong rental demand. This is a strategic value-add asset ideal for Fix-and-Flip Investors or Contractors capable of executing a comprehensive rehab to capture long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3262 Racine Subject | $525,000* List Price | 3 | 2 | 1,178 | $382 | - |
A 10535 Salisbury Sold | $576,000 | 4 | 2 | 1,404 | $410 | 0.1 mi |
B 3151 Neptune Drive Sold | $567,000 | 3 | 2 | 1,178 | $481 | 0.1 mi |
C 10988 Middleborough Sold | $600,000 | 4 | 2 | 1,505 | $399 | 0.9 mi |
D 3555 Ross Active | $513,000 List Price | 2 | 2 | 1,219 | $421 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976 and explicitly marketed as a fixer/rehab, the property exhibits significant safety and structural concerns including visible mold on bathroom ceilings and walls, severe wood rot at door frames, and an entirely original, dated kitchen. The home requires a full-scale renovation to address neglect and outdated systems.
Situated near the Galleria at Tyler and Kaiser Permanente with easy freeway access, this property offers an excellent location for commuters heading toward Orange County.
As a probate sale requiring no court confirmation, this property presents a streamlined opportunity for investors or flippers to build significant equity through renovation.
The property includes desirable RV access parking and is located on a quiet street within an established community, adding functional value for homeowners with recreational vehicles.
Designated as a fixer/rehab property, it will require a substantial additional investment of time and capital to bring it up to modern living standards.
Built in 1976 and sold in its current condition, the home likely requires updates to major systems and cosmetic finishes to compete with newer area inventory.
Here’s your opportunity to transform a probate fixer in one of Riverside’s most conveniently located neighborhoods — with NO court confirmation required. This 3-bedroom, 2-bath home offers RV access parking and excellent potential for investors, renovators, or buyers looking to customize and build equity. The property features a functional A/C system, a roof replaced in approximately 2000, and is primarily in need of cosmetic updating and rehabilitation. Situated on a quiet, established street, the home is conveniently located near the Galleria at Tyler, Kaiser Permanente Hospital, shopping, dining, entertainment, transportation, and major freeway access. Excellent commuter location with convenient access toward Orange County. Property offers strong upside potential in an established community with nearby amenities and services.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades PK-5 • 2.4 mi
Grades K-5 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,178 | 1,634 | 21% |
| Lot Size | 6,098 | 7,841 | 17% |
| Price | $525.0K | $660.0K | 13% |
| Price per sq ft | $446 | $392 | 69% |
| Built year | 1976 | 1983 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 153 | 2% |
Jun 8, 2026
$525,000
Initial Listing