3770 Locust Street, Riverside, California 92501, Riverside, 92501 - 2 bed, 1 bath
3770 Locust Street
Riverside, California 92501
Property Price
SUMMARY
Analysis of 3770 Locust Street, Riverside, California 92501 reveals a property with a current list price of $530,000, which is 3% above the estimated $511,389 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 3770 Locust Street Subject | $530,000* List Price | 2 | 1 | 841 | $608 | - |
A 4237 4th Street Sold | $555,000 | 2 | 1 | 842 | $659 | 0.3 mi |
B 3031 Chestnut Street Sold | $559,000 | 2 | 2 | 936 | $597 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1905, this Craftsman home has undergone an extensive recent renovation that meets modern standards. Key upgrades include a brand new roof, a modern kitchen with quartz countertops and stainless steel appliances, updated bathroom fixtures, and the installation of a mini-split HVAC system. The interior features new flooring and contemporary light fixtures throughout, with no visible deferred maintenance, making it a turnkey property.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
The R3 zoning and significant ADU upside, combined with its current success as a dual Airbnb, make this property a high-yield opportunity for savvy investors.
- Modernized Historic Charm
This 1905 Craftsman has been thoughtfully updated with a new roof, quartz countertops, and a mini-split HVAC system, blending classic character with contemporary comfort.
- Prime Downtown Location
Situated in the historic Evergreen District just half a mile from the Mission Inn, the property offers exceptional walkability to downtown Riverside's dining and cultural attractions.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 841 square feet and a single bathroom, the interior space may be restrictive for larger households or those requiring more privacy.
- Historic Home Considerations
Built in 1905, the property may require ongoing specialized maintenance or face limitations typical of century-old structures despite recent surface renovations.
About 3770 Locust Street
Nestled in the heart of Downtown Riverside’s historic Evergreen District, this beautifully renovated Craftsman-style home offers a perfect blend of classic charm and modern amenities. This 2-bedroom, 1-bathroom gem features a brand new roof, quartz countertops, and a mini-split HVAC system for year-round comfort. Enjoy the low-maintenance front yard with newly installed turf, and take advantage of the rare private driveway, a coveted feature in downtown Riverside. The home is currently owner-occupied and operates as a dual Airbnb, offering flexibility and income potential. With R3 zoning, the ADU upside of this property make it a cashflow dream. Just 1/2 mile from the Historic Mission Inn & downtown, this property combines historic character with contemporary convenience, making it an ideal home or investment opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1905
- Lot Size
- 4,356 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 | 3.0 | 17% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 841 | 1,404 | 7% |
| Lot Size | 4,356 | 7,405 | 25% |
| Price | $530.0K | $585.0K | 32% |
| Price per sq ft | $630 | $410 | 93% |
| Built year | 1905 | 1953 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 173 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$530,000
Initial Listing