3979 Bandini, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath
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Riverside, California 92506
This Value-Add Residential Asset represents a strategic acquisition in Riverside’s premier Wood Streets neighborhood. Listed at $425,000, the property is evaluated against a $363,480 Fair Market Value, reflecting its Distressed Condition Rating of 5. The expansive 7,405 sqft lot offers significant ADU Potential, providing a clear path for forced appreciation through density and renovation. Located within the Riverside Unified School District near Polytechnic High School, the site ensures long-term demand. This project is an ideal acquisition for Fix-and-Flip Investors or Contractors looking to unlock value in a high-demand historic district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3979 Bandini Subject | $425,000* List Price | 2 | 1 | 1,069 | $340 | - |
A 4245 4245 Homewood Sold | $545,000 | 3 | 2 | 1,435 | $380 | 0.5 mi |
B 4190 Alta Vista Sold | $540,000 | 3 | 2 | 1,400 | $386 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1959 property is explicitly marketed as an 'investor/cash only' listing, indicating it does not meet the condition requirements for traditional financing. While some listing photos are virtually enhanced, the 'as-is' photos reveal significant interior distress, including missing or severely damaged flooring and outdated, worn kitchen fixtures. The property requires extensive rehabilitation and modernization of all major systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1069.
Situated in Riverside’s highly desirable Wood Streets neighborhood, the property is located in a premier, historic area known for high demand and long-term value stability.
The generous 7,405 sqft lot offers significant ADU potential, providing a clear path for investors to increase square footage and generate rental income.
The 'Cash Only' requirement and current condition likely disqualify the property from traditional FHA or VA financing, limiting the pool of potential buyers.
The property requires significant capital investment for repairs and modernization, as evidenced by the 'investor-only' status and use of virtually enhanced photos.
***INVESTOR/CASH ONLY***Located in Riverside’s highly desirable Wood Streets neighborhood, this 2-bedroom, 1-bath home presents a rare opportunity for investors, flippers, or buyers looking to build equity in an A+ location. The property offers a solid foundation with classic charm and a functional layout, while leaving plenty of room for modern upgrades and improvements. Sitting on a spacious lot, this home also offers strong ADU potential (buyer to verify), making it an excellent candidate for value-add strategies or income-producing possibilities. With the surrounding neighborhood known for well-maintained historic homes and consistent demand, this property is perfectly positioned for long-term upside. Ideal for investors seeking a project in a premier Riverside neighborhood—or homeowners wanting to customize a home to their vision—this is a chance to unlock significant value in the iconic Wood Streets. Opportunities like this don’t come often! ***Photos have been virtually enhanced***
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades K-6 • 1.7 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 1,069 | 1,892 | 5% |
| Lot Size | 7,405 | 9,583 | 25% |
| Price | $425.0K | $722.5K | 1% |
| Price per sq ft | $398 | $385 | 59% |
| Built year | 1959 | 1963 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 137 | 176 | 35% |
Mar 7, 2026
$425,000
$550,000
-23% Price Drop
Initial Listing
Jan 7, 2026
$550,000
$580,000
-5% Price Drop
Initial Listing
Dec 15, 2025
$580,000
$550,000
+5% Price Increase
Initial Listing
Dec 6, 2025
$550,000
Initial Listing
Jan 5, 2010
$158,000
Public Record
May 12, 2006
$350,000
Public Record
Aug 22, 2002
$167,000
Public Record
Aug 29, 1997
$87,500
Public Record