3339 Mulberry, Riverside, California 92501, Riverside, 92501 - 6 bed, 4 bath
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Riverside, California 92501
This High-Capacity Residential Asset is a Prime Investment Opportunity, with a List Price of $699,000—positioned well below the $729,000 Fair Market Value by 4%. This valuation gap offers $30,000 in Instant Equity. The property holds a Good Condition Rating, featuring a renovated kitchen, modern bathrooms, and a private patio. Located in Downtown Riverside within the Riverside Unified district, it includes a Hills view and gated alley access. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3339 Mulberry Subject | $699,000* List Price | 6 | 4 | 2,661 | $274 | - |
A 2789 Fairmount Boulevard Sold | $760,000 | 0 | 0 | 2,400 | $317 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1903, the interior has been extensively renovated and is move-in ready. The kitchen features modern stainless steel appliances, stone countertops, and updated cabinetry. Bathrooms have been modernized with contemporary tiling and vanities. The flooring and paint appear fresh, and while the property's history as a sober living home implies high-capacity use, the visual evidence suggests well-maintained systems and finishes consistent with a 'good' rating.
With 6 bedrooms and 4 bathrooms across 2,661 square feet, this property offers exceptional utility and a flexible floor plan suitable for large families or multi-generational living.
Situated in the desirable Downtown Riverside area, the home provides excellent proximity to shopping, dining, entertainment, and major freeway access, enhancing its long-term value.
The property features a gated entrance with alley access to a spacious cemented backyard, providing secure and convenient off-street parking which is a premium in downtown areas.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
Built in 1903, this century-old residence may require significant ongoing maintenance or costly updates to its aging structural and mechanical systems to meet modern standards.
The property's previous use as a sober living home may have resulted in heavy interior wear or a non-traditional configuration that requires cosmetic or functional renovation for standard residential use.
PRICE REDUCTION! Located in the desirable Downtown Riverside area, this 6-bedroom, 4-bath residence offers generous living space and a flexible floor plan. The home includes a spacious cemented backyard with alley access, secured by a gated entrance, allowing for convenient rear parking. Close proximity to freeways, shopping centers, restaurants, and entertainment makes this an ideal location. The property has been used as a sober living home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 3.0 | 97% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 2,661 | 1,505 | 89% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $699.0K | $599.0K | 79% |
| Price per sq ft | $263 | $404 | 13% |
| Built year | 1903 | 1953 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 187 | 11% |
Feb 27, 2026
$699,000
$729,000
-4% Price Drop
Initial Listing
Feb 4, 2026
$729,000
Initial Listing
Aug 27, 2020
$415,000
Public Record
Jun 4, 2008
$264,000
Public Record
Mar 31, 2006
$580,000
Public Record
Nov 19, 2004
$500,000
Public Record