3623 Arlington Ave, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath

3623 Arlington Ave
Riverside, California 92506
Property Price
SUMMARY
Analysis of 3623 Arlington Ave, Riverside, California 92506 reveals a Prime Investment Opportunity with a current list price of $530,000—significantly undercutting the $548,437 Fair Market Value by 3%. This valuation gap indicates a +$18,437 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3623 Arlington Ave Subject | $530,000* List Price | 2 | 1 | 1,092 | $502 | - |
A 6529 Marguerita Avenue Sold | $530,000 | 2 | 1 | 1,038 | $511 | 0.6 mi |
B 6958 Goodview Sold | $603,000 | 3 | 2 | 1,110 | $543 | 1.0 mi |
C 5659 Carson Road Sold | $630,000 | 3 | 2 | 1,186 | $531 | 1.0 mi |
D 6068 Lawson Way Sold | $545,000 | 2 | 1 | 1,006 | $542 | 0.9 mi |
E 4636 Orange Vista Way Sold | $510,000 | 2 | 2 | 930 | $548 | 0.7 mi |
F 6795 Glacier Active | $568,000 List Price | 3 | 2 | 1,186 | $479 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and benefits from significant recent upgrades to major systems, including a newer roof, water heater, and kitchen appliances that are only 1-2 years old. While the 1952 build retains its original mid-century character, the home is well-maintained with updated plumbing under the sink and a newer toilet, meeting the criteria for a functional, well-kept residence with minimal immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1092.
- Prime Central Location
Situated in a highly sought-after neighborhood within walking distance to Riverside Plaza and major retailers, offering exceptional convenience and lifestyle appeal.
- Significant Recent Upgrades
Key high-ticket items including the roof, water heater, and kitchen appliances have been recently replaced, providing immediate value and peace of mind for the buyer.
CONSRISKS & DEFICIENCIES
- Limited Bed/Bath Count
With only two bedrooms and a single bathroom, the home's footprint may be restrictive for larger families or those requiring a dedicated home office.
- Mid-Century Originality
Built in 1952, the property may require further modernization of older systems or cosmetic updates to meet contemporary aesthetic standards.
About 3623 Arlington Ave
Welcome to this charming and unique two-bedroom, one-bath home offering 1,092 square feet of inviting living space on a generous 7,841 square foot lot in a highly desirable and centrally located Riverside neighborhood. Full of warmth and character, the home features a cozy fireplace that adds to its inviting atmosphere. The kitchen includes a dishwasher, stove, and microwave that are only one to two years old, along with a brand new garbage disposal and new plumbing under the sink. Additional major upgrades provide peace of mind, including a roof that is only a few years old and a brand new water heater and toilet that is only 2 years old. The spacious backyard offers incredible flexibility with plenty of room to add an ADU, create your ideal outdoor entertaining space, or expand further. Two mature orange trees provide classic California charm, and recently planted avocado and nectarine trees offer future fruit-bearing potential. A fully functional greenhouse in the backyard may remain for the next owner to enjoy. The property also offers ample space for boat or RV parking in addition to the two-car garage. Ideally situated within walking distance to Riverside Plaza, Target, Starbucks, and Shamel Park, this home is less than a 10-minute drive to historic Downtown Riverside and the iconic Mission Inn, and approximately 10 minutes from the Galleria at Tyler. Located in one of Riverside’s most sought-after neighborhoods, this property offers both lifestyle and convenience. This charming and unique home is ready for its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 1,092 | 2,006 | 8% |
| Lot Size | 7,841 | 10,454 | 24% |
| Price | $530.0K | $747.9K | 6% |
| Price per sq ft | $485 | $386 | 83% |
| Built year | 1952 | 1968 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 184 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$530,000
Initial Listing
Sold
Sep 7, 2023
$520,000
Public Record
Sold
Apr 20, 1994
$178,000
Public Record



















