3771 Harvill Lane, Riverside, California 92503, Riverside, 92503 - bed, bath
3771 Harvill Lane
Riverside, California 92503
Property Price
SUMMARY
Analysis of 3771 Harvill Lane, Riverside, California 92503 is currently available with a list price of $1,699,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1977, the property is well-maintained with fresh paint and functional systems like central A/C. However, the kitchens feature basic white cabinets, laminate countertops, and older white appliances, while bathrooms have dated vanities and fixtures. The tile and laminate flooring are clean but not modern. The overall aesthetic is aged and shows signs of being outdated, requiring minor updates to meet current tenant expectations for style and finishes, aligning with the 'fair' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Diverse Unit Mix & High Count
Eight units with a varied bedroom count (1, 2, and 3 bedrooms) appeals to a broad tenant demographic, ensuring strong rental demand and income diversification.
- Individual Central A/C per Unit
A significant tenant amenity, providing reliable comfort and enhancing the property's attractiveness and competitive edge in the rental market.
- Abundant Parking & Garages
With 10 garages and 4 additional spaces, the property offers exceptional parking, a highly valued feature for tenants, and potential for extra income.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for Capital Expenditures
Built in 1977, the property is nearing 50 years old, which may necessitate increased maintenance, system upgrades, or capital expenditures in the near future.
- Mixed Water Heater Configuration
The combination of shared and in-unit water heaters could lead to complexities in maintenance, energy efficiency, and tenant satisfaction compared to a uniform system.
- Recent Price Reduction
A recent price drop from the original listing price suggests potential challenges in market valuation or buyer interest, which may warrant further investigation into market comparables and property condition.
About 3771 Harvill Lane
Exceptional 8-unit 4 (1 bed 1 bath) 2 (2 bed 1 bath) & 2 (3 bed 1 1/2 bath) multifamily property located in the City of Riverside, offering strong rental appeal and desirable amenities. The community features a shared laundry room equipped with an additional water heater, in addition to one main shared water heaters servicing 4 units. The other 4 units have an in-apartment water heater. Each unit is fitted with its own central A/C, providing reliable comfort for tenants. The property also includes 10 garages, plus 4 additional parking spaces offering ample parking options. For added convenience and storage flexibility, there are two on-site storage areas that can be used for maintenance, tenant storage, or rental income potential. This is a rare opportunity to own a well-equipped income-producing property with valuable infrastructure and long-term upside.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1977
- Lot Size
- 10,018 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Riverside Unified Schools
Phillip M. Stokoe Elementary School
Grades PK-5 • 1.5 mi
Lake Hills Elementary School
Grades K-5 • 1.7 mi
Corona Ranch Elementary School
Grades K-6 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1977 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Dec 26, 2025
$1,699,000
$1,799,000
-6% Price Drop
Initial Listing
Price Change
Oct 17, 2025
$1,699,900
Initial Listing
Price Change
Oct 17, 2025
$1,799,000
Initial Listing