3658 Hoover, Riverside, California 92504, Riverside, 92504 - 2 bed, 1 bath
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Riverside, California 92504
This historic Craftsman home represents a High-Potential Investment Opportunity, listed at $560,000—positioned slightly above the $556,272 Fair Market Value. While priced at market, the property offers significant upside through its ADU Conversion Potential in the detached garage. With a Condition Rating of 4, the home provides a solid foundation for value-add renovations. Located in the desirable Madison area near Ramona High School, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build long-term equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3658 Hoover Subject | $560,000* List Price | 2 | 1 | 1,074 | $518 | - |
A 6974 Capistrano Way Sold | $548,000 | 3 | 1 | 1,140 | $481 | 0.7 mi |
B 7450 Emerald Street Sold | $520,000 | 3 | 1 | 1,112 | $468 | 0.7 mi |
C 4794 Granada Avenue Sold | $520,000 | 3 | 2 | 1,274 | $408 | 0.5 mi |
D 7429 Diamond Sold | $415,000 | 2 | 1 | 840 | $494 | 0.5 mi |
E 3684 Cortez Street Sold | $500,000 | 3 | 2 | 1,242 | $403 | 0.4 mi |
F 3936 Lester Street Sold | $541,000 | 3 | 2 | 1,161 | $466 | 0.9 mi |
G 3463 Washington Street Pending | $500,000 List Price | 2 | 1 | 990 | $505 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1918, this historic Craftsman is well-maintained but dated. The kitchen features older tile countertops and painted cabinetry likely over 20 years old. Visible window AC units suggest the lack of a modern central HVAC system, and while the home is move-in ready, it requires cosmetic and system updates to meet modern standards.
This 1918 Craftsman home showcases authentic period details, including original hardwood flooring and classic built-in cabinetry, offering a level of character and craftsmanship that is highly sought after in the Riverside market.
The detached one-car garage provides an excellent opportunity for conversion into an Accessory Dwelling Unit (ADU), offering the buyer potential for rental income or additional living space on a generous 6,970 sqft lot.
Situated in the highly desirable Madison area, the property benefits from a prestigious neighborhood reputation and close proximity to local schools, including being within walking distance to Ramona High School.
With only one bathroom serving the entire residence, the property may face functional challenges for families or guests, potentially impacting its competitiveness against homes with modern 1.5 or 2-bath layouts.
Built in 1918, the home likely requires careful inspection and potential modernization of aging systems such as plumbing, electrical, and foundation to meet contemporary standards and insurance requirements.
Nestled in Riverside's highly sought-after Madison area, this charming historic Craftsman home beautifully showcases the character and craftsmanship of a bygone era. Rich with original details, the residence features stunning hardwood flooring, classic built-in cabinetry, and timeless architectural elements that reflect its authentic Craftsman heritage. The home offers a warm and inviting atmosphere while preserving the historic charm that makes properties in this neighborhood so desirable. Outside, you'll find a detached one-car garage with excellent potential for conversion into an ADU, creating an outstanding opportunity for additional living space or rental income. Ample parking is available with a spacious carport and additional off-street parking, providing convenience for homeowners and guests alike. Combining historic character, modern possibilities, and a prime Madison area location, this unique Riverside property is a rare opportunity to own a true Craftsman treasure.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades PK-6 • 1.4 mi
Grades PK-6 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 1,074 | 1,461 | 9% |
| Lot Size | 6,970 | 8,276 | 28% |
| Price | $560.0K | $618.0K | 23% |
| Price per sq ft | $521 | $424 | 89% |
| Built year | 1918 | 1960 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 153 | 1% |
Jun 11, 2026
$560,000
Initial Listing
Jan 31, 2024
$525,000
Public Record
Feb 21, 2019
$339,000
Public Record
May 30, 2001
$111,000
Public Record
Aug 28, 1996
$73,000
Public Record