3837 Gates, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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3837 Gates
Riverside, California 92504
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,921Sq Ft
7,405Lot Size
Property Price
LIST PRICE$549,900
EST. MARKET VALUE
$577,689
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $549,900—positioned well below the $577,689 Fair Market Value by 4%. This valuation gap offers $27,789 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires significant renovation, including mechanical and cosmetic updates. The 1,921 sqft floor plan, in-ground swimming pool, and large 7,405 sqft lot provide substantial value-add potential. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in the desirable Coleman Oaks neighborhood.
Estimated Market Value
$577,689+$27,789 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 3837 Gates Subject 3 bd · 2 ba · 1,921 sqft · $301 | $549,900* List Price | 3 | 2 | 1,921 | $301 | - |
A 4242 Eileen Active 4 bd · 2 ba · 1,752 sqft · $340 · 0.5 mi | $595,000 List Price | 4 | 2 | 1,752 | $340 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1955 (>30 years old) with no evidence of recent renovations, this property is explicitly marketed as an investor opportunity requiring significant repairs and updating. Interior images reveal heavily dated finishes, including worn vinyl seating and aged Saltillo tile, confirming the need for a full rehab of the kitchen, bathrooms, and likely the mechanical systems.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly desirable Coleman Oaks neighborhood, the property offers excellent proximity to California Baptist University, major medical centers, and key transportation routes.
- Enhanced Living Space
With over 1,900 square feet of living area, the home features a garage conversion that provides a spacious additional family room, offering more square footage than many standard 3-bedroom homes in the area.
- Outdoor Recreation
The inclusion of an in-ground swimming pool on a generous 7,405-square-foot lot provides a significant lifestyle amenity and value-add potential for the Riverside market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1921, other record living area = 1261. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Significant Renovation Required
The property is explicitly marketed as an investor opportunity requiring substantial repairs and updating, making it unsuitable for buyers seeking a move-in-ready home.
- Lack of Covered Parking
The conversion of the original garage into living space eliminates traditional covered parking, which may be a drawback for buyers prioritizing vehicle storage or protection.
About 3837 Gates
INVESTOR OPPORTUNITY IN DESIRABLE COLEMAN OAKS! Bring your vision—and your tools—to this 3-bedroom, 2-bath Riverside residence in an established and highly desirable neighborhood. Built in 1955, this home features a converted garage offering additional family room space and an in-ground swimming pool. The property will require repairs and updating and is well suited for investors, contractors, and cash buyers. Conveniently located near California Baptist University, shopping, dining, entertainment, major transportation routes, and medical facilities including Kaiser Permanente Medical Center & Riverside Community Hospital.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,921 | 1,854.896 |
| Lot Size | 7,405 | 8,680.308 |
| Price | $549.9K | $698.4K |
| Price per sq ft | $286 | $380 |
| Built year | 1955 | 1982 |
| HOA | $0 | $156 |
| Days on market | 25 | 57 |
Pricing History
Listed for Sale
Sep 29, 2026
$549,900
Initial Listing