3516 Mckinley Street, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath
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Riverside, California 92506
This Single Family Residence is a Strong Value Opportunity, listed at $525,000—positioned well below the $502,663 Fair Market Value by -4%. While the list price is slightly above market, the property features Significant Infrastructure Upgrades including a newer roof, HVAC, and tankless water heater, earning it a Good Condition Rating. The deep lot offers Expansive Lot Potential for an ADU or pool, providing long-term upside. This home is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready home with growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3516 Mckinley Street Subject | $525,000* List Price | 2 | 1 | 990 | $508 | - |
A 6539 Marguerita Sold | $488,000 | 2 | 1 | 744 | $656 | 0.8 mi |
B 6795 Glacier Sold | $605,000 | 3 | 2 | 1,186 | $510 | 0.5 mi |
C 3170 Ronald Sold | $575,000 | 3 | 1 | 1,032 | $557 | 0.5 mi |
D 3623 Arlington Ave Sold | $585,000 | 2 | 1 | 1,092 | $536 | 0.4 mi |
E 6529 Marguerita Avenue Sold | $530,000 | 2 | 1 | 1,038 | $511 | 0.8 mi |
F 3180 Jane Sold | $555,000 | 3 | 1 | 1,292 | $430 | 0.5 mi |
G 3076 Ronald Active | $589,900 List Price | 4 | 2 | 1,278 | $462 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1953, the property underwent significant renovations between 2013-2016 (8-11 years ago), including a new roof, HVAC system, and tankless water heater. With a remodeled bathroom, dual-pane windows, and well-maintained original wood flooring, the home is functional and move-in ready, fitting the 5-15 year renovation criteria for a Good rating.
The property features essential modern improvements including a newer roof, upgraded HVAC system, tankless water heater, and dual-pane windows, offering immediate value and reduced maintenance costs.
The deep backyard with updated vinyl fencing provides a versatile canvas for expansion, offering ample space for a swimming pool or the addition of an Accessory Dwelling Unit (ADU).
Situated on a charming tree-lined street in a mature neighborhood near Downtown Riverside, the home offers a classic aesthetic and convenient access to local urban amenities.
With under 1,000 square feet of living space and only two bedrooms, the home's size may be restrictive for growing families or those requiring a dedicated home office.
The presence of only one bathroom can be a logistical challenge for multi-resident households and may impact the property's long-term resale competitiveness.
Charming single story in an established neighborhood on a tree lined street not far from Downtown Riverside! Nearly 1000 square feet with 2 bedrooms and 1 bathroom. Features include a spacious family room w/original wood flooring, step saving kitchen w/tile floors & plenty of cabinet and counter space, and 2 nice size bedrooms and full bathroom that was remodeled with a newer shower/tub combo & a pedestal sink w/stone counters. Between 2013-2016 the owner did some major upgrades including replacing the roof, upgraded the HVAC system (central air & heat), & installed a tankless water heater. Most of the windows have also been upgraded to dual pane! The back yard is very deep with a large covered patio area, updated vinyl fencing all the way around, and lots of room left over for your imagination! It looks like plenty of room for an ADU, Pool, or to expand the home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 990 | 1,866 | 4% |
| Lot Size | 6,534 | 9,583 | 12% |
| Price | $525.0K | $725.0K | 5% |
| Price per sq ft | $530 | $397 | 90% |
| Built year | 1953 | 1963 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 134 | 3% |
Jun 5, 2026
$525,000
Initial Listing
Oct 28, 2013
$212,000
Public Record