3658 Hoover, Riverside, California 92504, Riverside, 92504 - 2 bed, 1 bath
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3658 Hoover
Riverside, California 92504
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
1,074Sq Ft
6,970Lot Size
Property Price
LIST PRICE$559,000
EST. MARKET VALUE
$526,384
6% AboveMARKET VALUE
SUMMARY
This historic Craftsman is a High-Potential Investment Opportunity, listed at $559,000—positioned above the $526,384 Fair Market Value by 6%. While currently priced above market, the property offers significant value-add potential through its 6,970 sqft lot and detached garage ADU conversion capability. With a Condition Rating of 4, the home requires modernization to reach its full potential. Located in the Riverside Unified district, this asset is well-suited for Buy-and-Hold Investors or Owner-Occupants looking to build equity through strategic renovations.
Estimated Market Value
$526,384
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3658 Hoover Subject | $559,000* List Price | 2 | 1 | 1,074 | $490 | - |
A 7142 Potomac Sold | $500,000 | 3 | 1 | 1,224 | $408 | 0.3 mi |
B 3463 Washington Street Sold | $465,000 | 2 | 1 | 990 | $470 | 0.4 mi |
C 6845 Barcelona Sold | $575,000 | 3 | 1 | 1,140 | $504 | 0.8 mi |
D 6974 Capistrano Way Sold | $548,000 | 3 | 1 | 1,140 | $481 | 0.7 mi |
E 4794 Granada Avenue Sold | $520,000 | 3 | 2 | 1,274 | $408 | 0.5 mi |
F 3684 Cortez Street Sold | $500,000 | 3 | 2 | 1,242 | $403 | 0.4 mi |
G 7450 Emerald Street Sold | $520,000 | 3 | 1 | 1,112 | $468 | 0.7 mi |
H 7235 Fiesta Avenue Active | $650,000 List Price | 4 | 2 | 1,215 | $535 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1918, this historic Craftsman retains original character but shows signs of age. While it features some updates like a mini-split HVAC unit and fireplace insert, the laundry area and cabinetry appear dated (15-30y+), and the continued use of window AC units suggests the primary systems are not fully modernized. The property is functional and move-in ready but requires updates to the kitchen, baths, and potentially electrical/plumbing to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Craftsman Appeal
The home features authentic 1918 architectural details, including original hardwood flooring and classic built-in cabinetry, offering rare character in the highly sought-after Madison area.
- ADU & Value-Add Potential
The detached one-car garage and spacious 6,970 sqft lot provide an excellent opportunity for an ADU conversion, ideal for generating rental income or increasing total living square footage.
- Superior Parking Options
Unlike many historic properties with limited accessibility, this residence includes a spacious carport and ample off-street parking, providing significant convenience for homeowners and guests.
CONSRISKS & DEFICIENCIES
- Limited Bed/Bath Configuration
With only two bedrooms and a single bathroom in a 1,074 sqft footprint, the property may struggle to attract larger families or buyers requiring a dedicated home office.
- Extended Market Time
Having remained active on the market for 75 days with a recent price reduction, the property may be facing pricing resistance relative to its size and current market competition.
About 3658 Hoover
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1918
- Lot Size
- 6,970 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
Riverside Unified Schools
Washington Elementary School
Grades K-6 • 1.3 mi
4/10
Pachappa Elementary School
Grades PK-6 • 1.4 mi
6/10
Mountain View Elementary School
Grades PK-6 • 1.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,074 | 1,867.892 |
| Lot Size | 6,970 | 8,787.773 |
| Price | $559.0K | $692.3K |
| Price per sq ft | $520 | $386 |
| Built year | 1918 | 1980 |
| HOA | $0 | $151 |
| Days on market | 90 | 55 |
Pricing History
Listed for Sale
Aug 25, 2026
$559,000
$560,000
+0% Price Increase
Initial Listing
Price Change
Jun 11, 2026
$560,000
Initial Listing
Sold
Jan 31, 2024
$525,000
Public Record
Sold
Feb 21, 2019
$339,000
Public Record
Sold
May 30, 2001
$111,000
Public Record
Sold
Aug 28, 1996
$73,000
Public Record