
Riverside, California 92503
Analysis of 3928 Everest, Riverside, California 92503 is currently available with a list price of $872,000. 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.
Property is new construction or fully renovated.
Although originally built in 1943, the property has undergone a comprehensive recent renovation (likely within the last 1-2 years). The units feature modern kitchens with new quartz countertops and stainless steel appliances, fully updated bathrooms with contemporary tile and fixtures, and new vinyl plank flooring throughout. The interior is in mint, move-in ready condition.
The oversized 8,712 sqft lot offers significant upside potential, providing ample space to expand existing units or construct additional dwellings/ADUs to maximize rental yield.
Both units have been recently renovated with modern quartz countertops and updated finishes, reducing immediate capital expenditure requirements for a new owner.
With one unit vacant and the other on a month-to-month lease, the property is ideal for an owner-occupant looking to house-hack or an investor seeking to set market-rate rents immediately.
Built in 1943, the property's core systems and foundation may require more intensive long-term maintenance compared to newer builds, despite the recent cosmetic upgrades.
The current list price represents a substantial premium over its $700,000 sale price in late 2023, which may impact the cap rate and overall return on investment for conservative buyers.
This is a great opportunity to own a duplex in a prime Riverside location with tons of potential. Both units have been renovated and offer 2 bedrooms and 1 bathroom each, making it a solid option for investors or even an owner-occupant looking to offset their mortgage. One of the units is currently vacant and move-in ready, featuring a spacious living room, a separate kitchen with quartz countertops, a new stove and range hood, and an updated bathroom with matching quartz finishes. There’s also a small private back patio that adds a nice touch of outdoor space. The other unit is tenant-occupied on a month-to-month lease. What really sets this property apart is the lot size and the possibilities that come with it. There’s room to expand the existing units, add a garage or laundry area, or even build an additional unit or another duplex (buyer to verify). It’s a rare chance to add value and maximize returns over time. The location is hard to beat—just minutes from the 91 freeway and close to the Galleria at Tyler, with plenty of shopping, dining, and entertainment nearby. It’s also conveniently located near schools, making it attractive for tenants. Properties like this don’t come around often, Don’t miss out on a strong investment in one of Riverside’s most convenient areas.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 0.9 mi
Grades PK-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,324 | 2,000 | 11% |
| Lot Size | 8,712 | 10,018 | 44% |
| Price | $872.0K | $661.5K | 78% |
| Price per sq ft | $659 | $336 | 89% |
| Built year | 1943 | 1962 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 221 | 11% |
May 29, 2026
$872,000
Initial Listing
Sep 18, 2023
$700,000
Public Record
Jun 10, 2022
$460,000
Public Record
Jul 22, 1996
$95,000
Public Record