
Riverside, California 92506
Analysis of 3564 Elmwood, Riverside, California 92506 is currently available with a list price of $1,100,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a 1930s build that is extremely well-maintained but retains original, dated features such as the 1930s colorful bathroom tile and wood-frame windows. While functional and move-in ready, the age of the structure and vintage systems/fixtures exceed the 20-year threshold for 'Good' and lack the recent renovations required for 'Excellent'.
This rare 1930s Spanish Revival duplex features preserved original details like ambered oak floors and hand-troweled plaster walls, offering unique character in the prestigious Wood Streets Conservation Area.
Situated just 1.5 miles from Downtown Riverside and near major institutions like Riverside Community College and Riverside Community Hospital, the property ensures high demand and strong rental potential.
With over 3,100 square feet, the units offer expansive layouts including large breakfast rooms and home offices, providing a single-family home feel that is rare for multi-dwelling properties.
The 1930s construction and original features, while charming, may require specialized and potentially costly maintenance to preserve the historical integrity and patina mentioned.
While the local high school is well-rated, the assigned middle school has a lower rating of 2, which could be a consideration for long-term value or attracting families with school-aged children.
3564 Elmwood Drive is an extremely rare Spanish Revival Duplex located in the Wood Streets Neighborhood Conservation Area. This property has been extremely well maintained over the years while original details have taken on the wonderful patina of time. The facade is classic Spanish Revival with the carved wood balcony adding a touch of California Monterey. On the inside, the ambered oak floors, wood frame windows, hand troweled plaster walls and colorful bathroom tile captivate your imagination and combine to create an incredibly relaxing environment. The dwelling on the east side of the property is a 2 bedroom, 1.25 bath while the dwelling on the west side is a 3 bedroom, 1.25 bath. The entry, living rooms, dining rooms and kitchen are very large and feel more like a standard Wood Streets home than your typically multiple-dwelling property! Each side also has a large breakfast room that can certainly work as a home office space or utility room. There are a handful of these properties located on the Elmwood Drive cul-de-sac but outside of these, there are none other in the city that I am aware of. This property is located just a mile and a half to Downtown Riverside, a few blocks from Riverside Community College, Riverside Community Hospital and the many more great amenities that have always made this neighborhood popular.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades K-6 • 1.4 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,105 | 2,596.5 | 50% |
| Lot Size | 6,098 | 11,325.5 | 50% |
| Price | $1.10M | $992.5K | 50% |
| Price per sq ft | $354 | $389 | 50% |
| Built year | 1930 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 206 | 50% |
May 27, 2026
$1,100,000
Initial Listing
Jun 22, 2006
$550,000
Public Record
Feb 24, 2000
$44,500
Public Record