3359 Locust Street, Riverside, California 92501, Riverside, 92501 - 2 bed, 1 bath
3359 Locust Street
Riverside, California 92501
Property Price
SUMMARY
Analysis of 3359 Locust Street, Riverside, California 92501 reveals a property with a current list price of $595,000, which is 12% above the estimated $528,162 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3359 Locust Street Subject | $595,000* List Price | 2 | 1 | 1,059 | $499 | - |
A 4473 Main Sold | $530,000 | 3 | 2 | 1,064 | $498 | 1.0 mi |
B 4494 9th Sold | $630,000 | 2 | 1 | 1,400 | $450 | 0.5 mi |
C 3031 Chestnut Street Sold | $559,000 | 2 | 2 | 936 | $597 | 0.3 mi |
D 3408 Spruce Street Sold | $505,000 | 3 | 2 | 879 | $575 | 0.9 mi |
E 3958 4th Pending | $560,000 List Price | 2 | 1 | 1,364 | $411 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone extensive recent renovations that bring it up to modern standards. Key updates include a fully remodeled kitchen with high-end Zline appliances, updated bathroom, new flooring, and fresh interior paint. Additionally, the home features contemporary upgrades like EV charging and drought-tolerant landscaping, making it move-in ready with no deferred maintenance despite its 1926 original build date.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Vintage Charm
The home blends 1920s character with high-end contemporary upgrades, including Zline appliances, EV charging, and recently updated kitchen, bath, and flooring.
- Exceptional Outdoor Utility
The large lot features drought-tolerant landscaping, a treehouse, and ample space for RV parking, providing significant versatility for outdoor living and storage.
- Prime Downtown Location
Situated in a vibrant neighborhood near Fairmount Park and downtown amenities, the property offers high walkability to local dining, shopping, and recreation.
CONSRISKS & DEFICIENCIES
- Challenging Floor Plan
The unique tandem bedroom layout requires walking through one room to access another, which may limit privacy and functional appeal for certain buyers.
- Bedroom Count Discrepancy
The property is utilized as a three-bedroom home but is officially recorded as a two-bedroom by the assessor, which could impact appraisal valuations or financing.
About 3359 Locust Street
Charming pet-Friendly 2-Bedroom Home plus bonus room. With EV Charging, Spacious Backyard, and Drought-Tolerant Landscaping! Welcome to the downtown neighborhood! This 2-bedroom, 1-bathroom home with a bonus room is used as a 3 bedroom. Assessor shows home as a 2 bedroom home offers the perfect combination of convenience, eco-friendly features, and pet-friendly living. The floor plan is unique two of the three bedrooms are connected, meaning you must walk through one to access the other, making it perfect for a home office, nursery, or creative space. This home comes equipped with a refrigerator, stove, and dishwasher. There are also 2 sheds available for storage. Home is bright and clean near stores, restaurants, and the vibrant downtown Riverside area. Property has a recently built fence around the property, has recently painted interior, updated kitchen, bath, and floors. Zline refrigerator, dishwasher, and range. Really cute tree house in back yard. Great patio area for family fun and entertainment. Large back yard with an excellent parking area and room for RV. Fairmount park is right up the street where fishing and golfing is available.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 17% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 1,059 | 1,404 | 17% |
| Lot Size | 6,970 | 7,405 | 47% |
| Price | $595.0K | $585.0K | 54% |
| Price per sq ft | $562 | $410 | 88% |
| Built year | 1926 | 1953 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 173 | 5% |
Pricing History
Listed for Sale
Mar 6, 2026
$595,000
$620,000
-4% Price Drop
Initial Listing
Price Change
Jan 27, 2026
$620,000
Initial Listing
Sold
Jun 17, 2021
$432,000
Public Record
Sold
Jun 6, 2019
$370,000
Public Record
Sold
Apr 8, 2004
$223,000
Public Record