3395 Franklin Avenue, Riverside, California 92507, Riverside, 92507 - 3 bed, 2 bath
3395 Franklin Avenue
Riverside, California 92507
Property Price
SUMMARY
Analysis of 3395 Franklin Avenue, Riverside, California 92507 reveals a Fairly Priced Property with a current list price of $575,000 aligned with the estimated $576,050 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 3395 Franklin Avenue Subject | $575,000* List Price | 3 | 2 | 1,297 | $444 | - |
A 2158 10th Street Sold | $535,000 | 3 | 2 | 1,122 | $477 | 0.5 mi |
B 2190 9th St Sold | $475,000 | 3 | 2 | 969 | $490 | 0.5 mi |
C 4429 Forest Street Sold | $676,000 | 4 | 2 | 1,652 | $409 | 0.9 mi |
D 2315 11th Street Active | $604,999 List Price | 4 | 2 | 1,382 | $438 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1903, this property has undergone extensive and recent renovations, including a new roof, updated foundation, new interior and exterior paint, updated windows, central A/C, new patio, reconstructed porch, and a newly installed asphalt driveway. The kitchen is entirely remodeled with new cabinets, granite countertops, and modern appliances (stainless microwave, new range), and the bathrooms feature updated vanities, fixtures, and tiling. The entire home has new tile and laminate flooring, presenting as virtually new and move-in ready with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Recent Renovations
The property has undergone comprehensive renovations, including new interior/exterior paint, a remodeled kitchen with walk-in pantry, updated windows, central A/C, new patio, reconstructed porch, new asphalt driveway, and a replaced roof, offering a turnkey experience.
- Prime Central Location & Accessibility
Centrally located minutes from Downtown Riverside, UCR, RCC, and the Mission Inn, with easy access to major freeways, Metrolink, schools, shops, and dining, enhancing convenience and desirability.
- ADU Potential & Investment Opportunity
The detached garage and storage shed present significant rental earnings potential, with the option to convert them into an Accessory Dwelling Unit (ADU), adding substantial value and income possibilities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1297, other record living area = 1108. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Recent Price Increase
The list price recently increased from $525,000 to $575,000, which may warrant buyer scrutiny regarding the current market value and pricing strategy.
- Modest Interior Square Footage
At 1297 sqft, the interior living space might be considered modest for families seeking more room, especially given the 'large corner lot' and potential for 'multigenerational living'.
About 3395 Franklin Avenue
Welcome to a historic and large corner turnkey home, centrally located minutes from Downtown Riverside, the University of California Riverside (UCR), Riverside Community College (RCC), and the Iconic Mission Inn. This vintage one-story 3 bedroom and 2 bath gated home has a large corner lot with excellent curb appeal. Many renovations bring the best of this house's past and present. It includes new paint interior & exterior, an entirely remodeled kitchen with a walk-in pantry, and recessed lighting. The entire home has been completely renovated with tile, updated windows, and a central A/C. The exterior area presents a new patio backyard, reconstructed porch, a newly installed asphalt driveway, and foundation. The home's roof has been replaced to last for many years to come. The detached garage and storage shed holds great rental earnings potential as an investment opportunity. It can be converted to a secondary residential Accessory Dwelling Unit (ADU) ie. studio. This traditional home's key features with its large lot and easy access to major freeways, the Metrolink, schools, shops, dining, and more creates a perfect space for multigenerational living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1903
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,297 | 1,773 | 17% |
| Lot Size | 5,663 | 8,276 | 17% |
| Price | $575.0K | $655.0K | 26% |
| Price per sq ft | $443 | $370 | 79% |
| Built year | 1903 | 1977 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 172 | 5% |
Pricing History
Listed for Sale
Feb 1, 2026
$575,000
$525,000
+10% Price Increase
Initial Listing
Price Change
Jan 18, 2026
$525,000
Initial Listing