3498 Holding, Riverside, California 92501, Riverside, 92501 - 2 bed, 1 bath
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Riverside, California 92501
This Value-Add Single-Story Residence is a Prime Investment Opportunity listed at $499,900—positioned well below the $520,002 Fair Market Value by 3%. This valuation gap provides $20,102 in Instant Equity. While carrying a Fair Condition Rating due to its dated kitchen and exterior, the property features paid-off solar panels and an expansive 9,583 sqft lot with mountain views. Located near Downtown Riverside and Riverside Unified schools, it offers significant upside through modernization. This is an ideal acquisition for Owner-Occupants seeking a value-buy or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3498 Holding Subject | $499,900* List Price | 2 | 1 | 1,003 | $518 | - |
A 2215 Northbend Street Sold | $485,000 | 3 | 1 | 1,009 | $481 | 0.3 mi |
B 3142 Cedar St Sold | $475,000 | 2 | 1 | 744 | $638 | 0.7 mi |
C 3174 Mulberry Street Sold | $470,000 | 2 | 1 | 832 | $565 | 0.4 mi |
D 1498 Powell Sold | $589,000 | 4 | 2 | 1,230 | $479 | 0.7 mi |
E 3855 Stansell Active | $575,000 List Price | 3 | 1 | 1,092 | $527 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1951 with partial interior updates. While the home features newer laminate flooring, recessed lighting, and paid-off solar panels, the kitchen remains dated with older painted cabinetry, laminate countertops, and vinyl flooring. The exterior shows age with cracked concrete and older windows, placing it in the 'Fair' category as it is functional but requires modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1003.
The property features fully paid-off solar panels, providing the new owner with immediate and significant long-term savings on utility costs.
Ideally situated near Downtown Riverside, the historic Mission Inn, and Mount Rubidoux, offering excellent access to premier dining, entertainment, and outdoor recreation.
With only two bedrooms and one bathroom, the home's smaller configuration may limit its appeal to larger families or buyers requiring more functional space.
Built in 1951, the property may require ongoing maintenance or modernization of its original systems to meet contemporary standards and efficiency.
SOLAR PANELS PAID OFF!!! Don't miss this Incredible Opportunity to Own this GREAT Priced Single Story Home. Enjoy the Great Kitchen, Large Open Great Room, Great Sized Bedrooms, Large Lot, Detached 2 Car Garage. Located Close to Schools, Parks, Freeways, Shopping and Entertainment. Great Location, So Close to Downtown Riverside, Mission Inn, Mount Rubidoux for your Enjoyment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 1.0 | 2.0 | 17% |
| Square foot | 1,003 | 1,403 | 13% |
| Lot Size | 9,583 | 7,405 | 71% |
| Price | $499.9K | $589.0K | 17% |
| Price per sq ft | $498 | $418 | 78% |
| Built year | 1951 | 1953 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 187 | 2% |
Apr 20, 2026
$499,900
Initial Listing
Apr 14, 2023
$450,000
Public Record
Nov 6, 2020
$400,000
Public Record
Jan 24, 2008
$260,000
Public Record