3924 Wayne Court, Riverside, California 92504, Riverside, 92504 - 2 bed, 1 bath
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Riverside, California 92504
This Well-Maintained Riverside Residence is a High-Potential Investment Opportunity listed at $549,000, representing a stable entry point near its $542,166 Fair Market Value. Despite a Fair Condition Rating for its dated interior, the home features an immaculate exterior and a private patio on an expansive 8,712 sqft lot. The detached oversized garage offers exceptional ADU Conversion Potential for rental income. Located near Cal Baptist University in the Riverside Unified district, this property is ideal for Buy-and-Hold Investors or Owner-Occupants looking to build wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3924 Wayne Court Subject | $549,000* List Price | 2 | 1 | 1,085 | $484 | - |
A 7859 Sycamore Avenue Sold | $539,000 | 2 | 1 | 1,218 | $443 | 0.8 mi |
B 3936 Lester Street Sold | $541,000 | 3 | 2 | 1,161 | $466 | 0.7 mi |
C 7805 Willow Avenue Sold | $562,500 | 3 | 2 | 1,116 | $504 | 0.9 mi |
D 3921 Heidi Sold | $595,000 | 4 | 2 | 1,404 | $424 | 0.0 mi |
E 4055 Canterbury Road Sold | $553,000 | 3 | 1 | 876 | $631 | 0.5 mi |
F 7869 Sycamore Avenue Pending | $565,000 List Price | 3 | 2 | 1,080 | $523 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The home, built in 1950, is described as 'beautifully maintained' and appears clean throughout. However, the kitchen features dated cabinets, countertops, and flooring, despite having newer stainless steel appliances. The bathroom, while functional, has very outdated turquoise tile in the shower/tub area and a basic vanity. While move-in ready, these key areas show signs of being outdated and would likely require minor updates to meet current aesthetic standards, fitting the 'Fair' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1085.
The detached oversized two-car garage offers significant potential for an Accessory Dwelling Unit (ADU) conversion, providing opportunities for rental income or multi-generational living.
Situated in a highly sought-after Riverside neighborhood near Cal Baptist University, offering excellent proximity to shopping, dining, parks, and essential city services in a quiet, established area.
With only two bedrooms and one bathroom, the property may not meet the space requirements for larger families or those desiring additional private quarters.
The 1,085 sqft of living space is relatively compact, which could be a consideration for buyers seeking more expansive indoor living areas.
Built in 1950, the home's age may suggest the presence of older systems or components that could require future maintenance or upgrades, despite its current well-maintained status.
Beautifully maintained two-bedroom, one bath home situated in a highly desirable Riverside neighborhood near Cal Baptist University. Immaculately kept inside and out, this property offers both comfort and opportunity. The home sits on a spacious lot with a detached oversized two-car garage, providing ample parking, storage or potential for expansion. With its generous layout and positioning on the property, the garage presents an excellent opportunity for a future ADU conversion, creating the possibility or rental income or multigenerational living. Enjoy the convenience of being close to shopping, restaurants, parks and city services--all while residing in a quiet established area. Whether you're a first- time buyer, investor, or someone seeking a low maintenance home with room to grow, this property offers endless potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,085 | 1,520 | 10% |
| Lot Size | 8,712 | 8,276 | 53% |
| Price | $549.0K | $620.0K | 18% |
| Price per sq ft | $506 | $415 | 84% |
| Built year | 1950 | 1960 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 174 | 200 | 36% |
Feb 6, 2026
$549,000
$559,000
-2% Price Drop
Initial Listing
Oct 30, 2025
$559,000
Initial Listing