
Riverside, California 92504
This Turnkey Residential Asset is a High-Potential Investment Opportunity, listed at $779,000—positioned above the $710,577 Fair Market Value. While priced at a premium, the property offers exceptional utility through its 14,810 sqft double lot, SB9 subdivision potential, and a separate pool house/guest house. With a Mint Condition Rating and high-end KitchenAid appliances, this home provides immediate rental income or multi-generational living flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in-ready property with significant long-term development upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3479 Hoover Street Subject | $749,000* List Price | 3 | 3 | 1,600 | $465 | - |
A 3558 Washington Sold | $650,000 | 3 | 2 | 1,316 | $494 | 0.3 mi |
B 3759 Hoover Street Sold | $725,000 | 3 | 2 | 1,750 | $414 | 0.3 mi |
C 7702 Cassia Sold | $670,000 | 4 | 2 | 1,372 | $488 | 0.5 mi |
D 3620 Hoover Sold | $630,000 | 3 | 2 | 1,265 | $498 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1967, the property has undergone a comprehensive renovation within the last 5 years. It features a brand-new roof, new windows, and a fully remodeled kitchen with high-end KitchenAid appliances. Both bathrooms have been updated with premium finishes, and the home includes new vinyl plank flooring and doors, meeting the criteria for mint condition with no immediate maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14810, living area = 1202.
The massive 14,810 sqft double lot provides rare investment flexibility, including SB9 subdivision potential, ADU/JADU additions, and a detached garage suitable for conversion.
The property features comprehensive modern upgrades, including a brand-new roof, energy-efficient windows, and a fully remodeled kitchen equipped with premium KitchenAid appliances.
At just 1,202 square feet with only two bedrooms, the main residence may be too small for larger families or buyers seeking a more substantial primary footprint.
The property is zoned for several middle schools with lower performance ratings (2-4), which could be a deterrent for education-focused families and impact future appreciation.
Investor's Dream! Value-Add Opportunity with Income Potential! Beautifully renovated single-story property on an expansive approximately 15,000 sq. ft. double lot offering endless possibilities for investors, owner-occupants, and multi-generational living. The property features a permitted 2-bedroom, 2-bath main home (approximately 1,200 sq. ft.) plus an unpermitted studio ADU with 1 bedroom, 1 bath, a private entrance, and potential for future expansion (buyer to verify). A detached garage with drywall and bathroom hookups provides additional value-add potential for those exploring future conversion opportunities (buyer to verify permits and feasibility with the City of Riverside). The oversized lot and existing improvements create an exceptional opportunity for rental income, house hacking, long-term investment, or future development. The spacious backyard includes a huge pool, adding to the property's appeal. Conveniently located on a quiet cul-de-sac with quick freeway access, just minutes from UC Riverside, California Baptist University, downtown Riverside, parks, restaurants, and shopping. Sold AS IS. Buyers, brokers, and agents are advised to conduct their own due diligence regarding permits, square footage, zoning, allowable uses, and development potential.
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades PK-6 • 1.5 mi
Grades PK-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,600 | 1,867.892 |
| Lot Size | 14,810 | 8,787.773 |
| Price | $749.0K | $692.3K |
| Price per sq ft | $468 | $386 |
| Built year | 1967 | 1980 |
| HOA | $0 | $151 |
| Days on market | 87 | 55 |
Jul 10, 2026
$749,000
$779,000
-4% Price Drop
Initial Listing
Jun 14, 2026
$779,000
Initial Listing
Oct 26, 2023
$735,000
Public Record
Jul 7, 2023
$432,000
Public Record
May 18, 2006
$324,000
Public Record