3688 Rossmuir, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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Riverside, California 92504
This Value-Add Residential Asset is a strategic project in the heart of Riverside, listed at $480,000. While positioned above the $333,651 Fair Market Value estimate, it reflects the high demand for land and square footage in the Riverside Unified School District. The property features a 1,760 Sqft structure on a 7,841 Sqft Lot with a Condition Rating of 6 and neighborhood views. Located near Ramona High School and Sierra Middle School, this non-financeable, cash-only acquisition offers significant potential for forced appreciation through total renovation. This is an ideal project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3688 Rossmuir Subject | $480,000* List Price | 3 | 2 | 1,760 | $188 | - |
A 4791 Granada Ave Sold | $460,000 | 2 | 2 | 1,386 | $332 | 0.5 mi |
B 3759 Hoover Street Sold | $500,000 | 3 | 2 | 1,750 | $286 | 0.1 mi |
C 7534 Fern Sold | $380,000 | 4 | 1 | 1,104 | $344 | 0.9 mi |
D 4776 Granada Sold | $420,000 | 2 | 2 | 1,253 | $335 | 0.4 mi |
E 7535 Magnolia Ave Sold | $575,000 | 4 | 2 | 1,643 | $350 | 0.4 mi |
F 4948 Granada Active Under Contract | $540,000 List Price | 2 | 2 | 1,568 | $344 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1953 (71 years old) with no evidence of renovation; the 'non-financeable' status and requirement to verify permits/condition strongly indicate the property is unlivable and likely holds value primarily in the land.
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 = 1760.
Situated in the heart of Riverside, this property offers excellent proximity to local amenities and is within walking distance to Ramona High School and Sierra Middle School.
The home features a generous 1,760 square foot layout on a nearly 8,000 square foot lot, providing a significant footprint for renovation and value-add potential.
The property is explicitly listed as non-financeable, which restricts the buyer pool to cash-only purchasers or those utilizing hard money loans.
The listing indicates that permits and overall condition must be verified, suggesting potential unpermitted work or significant deferred maintenance that may require substantial capital.
Non financeable home located in the heart of Riverside. Permits and condition to be verified.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades PK-6 • 1.3 mi
Grades PK-6 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,760 | 1,470.5 | 65% |
| Lot Size | 7,841 | 8,276 | 46% |
| Price | $480.0K | $617.0K | 6% |
| Price per sq ft | $273 | $423 | 4% |
| Built year | 1953 | 1960 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 167 | 164 | 51% |
Dec 21, 2025
$480,000
Initial Listing
Mar 21, 2018
$389,000
Public Record
Mar 12, 1997
$110,000
Public Record