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

3623 Arlington Ave, Riverside, California 92506 home-pic-0

3623 Arlington Ave

Riverside, California 92506

ACTIVE
CONDITION: GOOD
2Beds
1Baths
1,092Sq Ft
7,841Lot Size

Property Price

LIST PRICE$530,000
EST. MARKET VALUE
$548,437
3% BelowMARKET VALUE

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

$548,437 +$18,437 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Riverside.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
3623 Arlington Ave
Subject
$530,000*
List Price
211,092$502-
A
6529 Marguerita Avenue
Sold
$530,000211,038$5110.6 mi
B
6958 Goodview
Sold
$603,000321,110$5431.0 mi
C
5659 Carson Road
Sold
$630,000321,186$5311.0 mi
D
6068 Lawson Way
Sold
$545,000211,006$5420.9 mi
E
4636 Orange Vista Way
Sold
$510,00022930$5480.7 mi
F
6795 Glacier
Active
$568,000
List Price
321,186$4790.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
11%
Baths1.02.0
9%
Square foot1,0922,006
8%
Lot Size7,84110,454
24%
Price$530.0K$747.9K
6%
Price per sq ft$485$386
83%
Built year19521968
27%
HOA$0$0
50%
Days on market9184
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

Browse Properties by State Browse housing market trends by state