3284 Jackson, Riverside, California 92503, Riverside, 92503 - 2 bed, 1 bath
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Riverside, California 92503
Analysis of 3284 Jackson, Riverside, California 92503 is currently available with a list price of $1,100,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1928, this property is nearly 100 years old and is explicitly marketed as a development opportunity for 29 apartment units. The existing 864 sqft structure features a very dated bathroom and interior finishes that appear over 30-50 years old, and the $1.1M price point reflects the value of the 1-acre R3-zoned land rather than the dwelling.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 46609, living area = 864.
Zoned R3 1500 on over an acre, the property offers a rare opportunity to develop up to 29 apartment units in a high-demand growth area.
Ideally situated near major shopping centers, schools, and freeways, providing excellent convenience and long-term appreciation potential for future residents.
The $1.1M list price reflects its development value rather than the utility of the existing 864-square-foot home, requiring a specific type of investor.
Built in 1928, the existing small residence likely requires removal or extensive renovation, adding to the initial site preparation costs for developers.
Exceptional Development Opportunity – Over 1 Acre of Prime Land! Attention Investors, Builders, and Developers! This is a rare opportunity to acquire over one acre of prime real estate with the potential to develop up to 29 apartment units. This highly desirable property offers tremendous upside potential for residential development in a growing area. Whether you’re looking to expand your investment portfolio or develop a multi-family project, this property presents an outstanding opportunity. Conveniently located near major shopping centers. Easy access to freeways. Close to popular restaurants, schools, parks, and everyday amenities Strong growth area with increasing demand for housing. Excellent location for long-term appreciation and income-producing potential. Zoning R3 1500. Professional photos coming soon!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 864 | 1,723 |
| Lot Size | 46,609 | 8,712 |
| Price | $1.10M | $676.0K |
| Price per sq ft | $1.3K | $395 |
| Built year | 1928 | 1977 |
| HOA | $0 | $125 |
| Days on market | 22 | 58 |
Jun 30, 2026
$1,100,000
Initial Listing
Apr 17, 2017
$267,000
Public Record
Jan 6, 2004
$90,000
Public Record
Apr 22, 1999
$90,000
Public Record
Aug 28, 1998
$92,000
Public Record