3540 Nelson, Riverside, California 92506, Riverside, 92506 - 0 bed, 0 bath
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Riverside, California 92506
This Dual-Living Residential Asset is a High-Potential Investment Opportunity, listed at $940,000—positioned well below the $952,677 Fair Market Value by 1%. This valuation gap offers $12,677 in Instant Equity. Featuring a Condition Rating of 2, the property includes a fully remodeled main house and a permitted secondary unit, complemented by a private pool and RV parking. This versatile layout is ideal for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living or supplemental rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3540 Nelson Subject | $940,000* List Price | 0 | 0 | 2,384 | $400 | - |
A 2920 Cheyenne Sold | $755,000 | 4 | 3 | 2,532 | $298 | 0.8 mi |
B 5133 Monterey Sold | $675,000 | 3 | 2 | 1,945 | $347 | 1.0 mi |
C 2909 Pecos Sold | $755,000 | 3 | 2 | 1,805 | $418 | 0.9 mi |
D 6060 Pachappa Drive Pending | $799,000 List Price | 3 | 2 | 2,467 | $324 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1952 build date, the property has undergone extensive recent renovations. The main house features a fully remodeled kitchen with contemporary cabinetry and finishes, while the secondary unit appears nearly new with modern stainless steel appliances and recessed lighting. The interior shows high-end flooring, updated fixtures, and mint-condition living spaces that align with a sub-5-year renovation timeline.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 2384.
The property features two permitted homes on one lot, including a 2-bedroom secondary unit, offering exceptional versatility for rental income or multi-generational living.
A large 13,939 sqft lot equipped with a private sparkling pool and dedicated RV parking provides significant lifestyle value and utility.
Originally built in 1952, the property may require ongoing maintenance or updates to aging core systems typical of homes from this era.
With a listing price more than double its 2019 sale value, the property sits at a premium price point that may challenge appraisal valuations in the local market.
2 HOMES ON 1 LOT! Welcome to this exceptional Riverside property offering the perfect blend of comfort, flexibility, and modern upgrades! Living area square footage is a combination of both homes. 1584 sq ft for the main house and 800 sq ft for the additional home. Secondary unit is fully permitted. The main house is 1584 sq ft with 3 bedrooms 2 baths and is a beautifully maintained single-family residence that features a fully remodeled kitchen with stylish finishes, updated cabinetry, and contemporary touches that make it ideal for both everyday living and entertaining. Step outside to your private backyard oasis complete with a sparkling pool, perfect for enjoying sunny Southern California days. Adding incredible value and versatility, the property also includes a secondary unit is 800 sq ft with 2 bedrooms and 2 baths—ideal for extended family, guests, rental income, or a private home office setup. RV parking provides added convenience with plenty of space for your toys, trailers, or extra vehicles. Located in a desirable Riverside neighborhood with no HOA, this home offers freedom and flexibility while being just minutes from shopping, dining, schools, and major commuter routes. Whether you’re looking for a multi-generational living opportunity or an investment-friendly property, this home checks all the boxes. Don’t miss the opportunity to own this move-in-ready Riverside gem!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 2,384 | 1,873 | 72% |
| Lot Size | 13,939 | 9,583 | 67% |
| Price | $940.0K | $726.3K | 78% |
| Price per sq ft | $394 | $394 | 50% |
| Built year | 1952 | 1964 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 134 | 3% |
Jun 2, 2026
$940,000
Initial Listing
Nov 18, 2019
$415,000
Public Record
Jan 18, 2001
$164,000
Public Record
Sep 27, 1996
$129,500
Public Record