3539 Washington Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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3539 Washington Street
Riverside, California 92504
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,448Sq Ft
6,534Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$600,283
SUMMARY
This Hybrid Residential Asset represents a High-Potential Investment Opportunity, listed at $635,000—positioned well below the $610,920 Fair Market Value by -3%. Featuring a Good Condition Rating, the home includes recent renovations like new windows and remodeled bathrooms. The expansive 10,454 sq. ft. lot and unpermitted garage conversion provide significant ADU/JADU development potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the property's flexible living space and future expansion capabilities.
Estimated Market Value
$600,283
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3539 Washington Street Subject | $599,000* List Price | 3 | 2 | 1,448 | $415 | - |
A 3646 Mariella Street Sold | $650,000 | 3 | 2 | 1,220 | $533 | 0.3 mi |
B 3619 Hoytt Street Sold | $579,000 | 4 | 2 | 1,346 | $430 | 0.9 mi |
C 4791 Granada Sold | $669,000 | 3 | 2 | 1,386 | $483 | 0.7 mi |
D 3118 Mendoza Sold | $686,000 | 4 | 2 | 1,735 | $395 | 0.4 mi |
E 4883 El Molino Avenue Sold | $590,000 | 3 | 1 | 1,245 | $474 | 0.8 mi |
F 3638 Lillian Sold | $605,000 | 4 | 2 | 1,372 | $441 | 0.9 mi |
G 7235 Fiesta Avenue Active | $650,000 List Price | 4 | 2 | 1,215 | $535 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite the 1936 build date, the property has undergone recent renovations including new flooring, interior paint, remodeled bathrooms, and new windows, making it move-in ready. The presence of an unpermitted garage conversion and the age of the primary structure prevent an 'excellent' rating, but the recent updates align with the 'good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The expansive 10,454 sq. ft. double parcel offers significant potential for adding an ADU and Junior ADU, making it an ideal opportunity for investors or multigenerational living.
- Recent Renovations
The home features modern updates including new flooring, fresh interior paint, remodeled bathrooms, and brand-new windows, providing a refreshed and move-in-ready interior.
- Flexible Living Space
The property includes a garage conversion equipped with a full kitchen and granite countertops, offering immediate utility for extended family or guest accommodations.
CONSRISKS & DEFICIENCIES
- Unpermitted Conversion
The existing garage conversion is unpermitted, requiring the buyer to assume responsibility for verifying zoning compliance and potentially securing legal permits.
- Historic Infrastructure
Originally built in 1936, the property's age may necessitate future upgrades to original structural or mechanical systems not covered by recent cosmetic renovations.
About 3539 Washington Street
Incredible opportunity on an expansive 10,454 sq. ft. combined double parcel. This single-story property features a 3-bedroom, 1.5-bath home with new flooring, new interior paint, remodeled bathrooms, and brand-new windows throughout. The property also includes an unpermitted garage conversion with 1 bedroom, 1 bathroom, and a full kitchen with granite countertops. Per the seller, the City of Riverside may allow the addition of an ADU and Junior ADU, offering excellent potential for expansion or additional income. Buyer to verify all permits, zoning, development standards, and ADU/JADU feasibility with the City of Riverside. Great opportunity for investors, multigenerational living, or those looking to maximize the property's potential. Close proximity to all amenities as well as the freeway.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 6,534 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
Riverside Unified Schools
Washington Elementary School
Grades K-6 • 1.0 mi
4/10
Pachappa Elementary School
Grades PK-6 • 1.2 mi
6/10
Mountain View Elementary School
Grades PK-6 • 1.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,448 | 1,867.892 |
| Lot Size | 6,534 | 8,787.773 |
| Price | $599.0K | $692.3K |
| Price per sq ft | $414 | $386 |
| Built year | 1936 | 1980 |
| HOA | $0 | $151 |
| Days on market | 49 | 55 |
Pricing History
Listed for Sale
Aug 28, 2026
$599,000
$625,000
-4% Price Drop
Initial Listing
Price Change
Aug 4, 2026
$625,000
$635,000
-2% Price Drop
Initial Listing
Price Change
Jul 22, 2026
$635,000
Initial Listing