3893 Pine Street, Riverside, California 92501, Riverside, 92501 - 3 bed, 2 bath
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Riverside, California 92501
This property presents a High-Potential Investment Opportunity with a List Price of $575,000—positioned above the $496,911 Fair Market Value. While the property requires significant capital expenditure due to its Condition Rating of 5, the 8,276 sqft lot and former carriage house offer substantial ADU & Expansion Potential. This asset is strictly for those prepared to manage a full-scale restoration in a historic district. It is an ideal acquisition for Fix-and-Flip Investors or Experienced Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3893 Pine Street Subject | $575,000* List Price | 3 | 2 | 1,927 | $258 | - |
A 4073 Cedar Street Active | $640,000 List Price | 4 | 3 | 1,734 | $369 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910, this property lacks essential systems like heating and air conditioning and shows visible structural/safety defects including significant plaster cracking and exposed lath. The listing explicitly states it does not qualify for standard FHA/VA financing and is intended for investors/rehab, fitting the criteria for a property needing a full renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1927.
This 1910 Victorian home features original woodwork and unique architectural details, situated within a prestigious historically designated area near the Mission Inn.
The property sits on a generous 8,276 sqft lot with a former carriage house, offering an excellent opportunity to develop a second unit for rental income or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1927, other record living area = 995.
The residence currently lacks both heating and air conditioning systems and requires significant structural and cosmetic repairs throughout, including a carriage house in disrepair.
Due to its current condition, the property does not qualify for standard FHA or VA financing, significantly narrowing the buyer pool to cash investors or those utilizing specialized rehab loans.
Talk about a diamond in the rough! This home has a ridiculous amount of potential. Located just off of Mission Inn - in a historically designated area, built in 1910, this 3 bedroom, 2 bath home (1 inside and one half bath on the back porch) 1927 square foot Victorian has tons of original woodwork and porches and nooks and crannies galore. Property currently does not have heating or air conditioning. Does not qualify for FHA/VA financing, unless doing a rehab loan and Conventional may be questionable. Perfect for investors. Driveway at the back to a former carriage house, which is in disrepair. May be perfect for doing a second unit and having separation. On a large lot.
No exterior & parking available.
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 | 1,927 | 1,374 | 78% |
| Lot Size | 8,276 | 7,405 | 63% |
| Price | $575.0K | $559.2K | 54% |
| Price per sq ft | $298 | $410 | 20% |
| Built year | 1910 | 1953 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 176 | 2% |
May 9, 2026
$575,000
Initial Listing