
Riverside, California 92506
This 1921 Craftsman Residence is a High-Potential Investment Opportunity listed at $565,000—positioned well below the $580,692 Fair Market Value by 2%. This valuation gap provides $15,692 in Instant Equity. Boasting a Condition Rating of 3, the home features fresh paint, new flooring, and a private patio. The oversized 8,276 square foot lot offers significant upside via ADU potential, while the dual en-suite layout enhances functionality. Located in the prestigious Wood Streets, it is an ideal match for Owner-Occupants or Multi-generational Buyers seeking historic charm with future expansion capacity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3980 Linwood Subject | $565,000* List Price | 2 | 2 | 1,059 | $548 | - |
A 6490 Palm Sold | $654,000 | 2 | 1 | 1,132 | $578 | 1.0 mi |
B 4045 Elmwood Court Sold | $536,500 | 2 | 1 | 924 | $581 | 0.2 mi |
C 3992 Linwood Place Sold | $535,000 | 2 | 1 | 952 | $562 | 0.0 mi |
D 4401 Maplewood Place Sold | $625,000 | 2 | 2 | 1,300 | $481 | 0.4 mi |
E 4390 Edgewood Active | $574,900 List Price | 2 | 2 | 960 | $599 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1921 Craftsman is move-in ready and features significant recent cosmetic updates, including new flooring and fresh interior paint throughout. While the kitchen maintains a 'retro' style with original tile counters and older cabinetry, the home is well-maintained with modern conveniences like an indoor laundry room and dual en-suite bathrooms. It strikes a balance between preserved historical character and functional updates, meeting the criteria for a well-maintained property that does not require immediate 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 = 1059.
Situated in the prestigious Wood Streets neighborhood, this property offers exceptional proximity to Downtown Riverside, the historic Mission Inn, and UC Riverside, ensuring high desirability and long-term value.
The oversized lot of over 8,200 square feet provides a rare opportunity for expansion or the addition of an Accessory Dwelling Unit (ADU), perfect for multi-generational living or rental income.
At 1,059 square feet, the home's compact footprint and two-bedroom configuration may be restrictive for growing families or buyers requiring a dedicated home office.
The property is zoned for a middle school with a low performance rating (2/10), which could be a significant drawback for families prioritizing public education quality.
Nestled in the prestigious Wood Streets neighborhood of Riverside, this charming 1921 Craftsman home sits on a beautiful tree-lined street just moments from Downtown Riverside, the historic Mission Inn & Spa, and UC Riverside. Blending timeless character with thoughtful updates, this home offers both charm and convenience in one of the city’s most desirable areas. Inside, you’ll find fresh interior paint, new flooring, and abundant natural light throughout. The formal living room features a classic fireplace flanked by built-in bookcases, creating a warm and inviting space, while the separate formal dining room showcases a large window that enhances the home’s bright and airy feel. The kitchen retains its original charm with retro tile counters, complemented by a cozy eat-in or desk space. Both bedrooms are generously sized and feature their own en-suite bathrooms, offering flexibility and privacy. The oversized primary bedroom is especially impressive, with three windows for natural light and three closets providing ample storage. Situated on a large lot of over 8,200 square feet, the property offers incredible potential, including space for a possible ADU. The backyard provides a serene setting with a relaxing atmosphere and a striking palm tree, perfect for enjoying Southern California living. Additional highlights include an indoor laundry room and a layout that blends functionality with classic design. A rare opportunity to own a character-rich home in a prime location—offering exceptional value for its condition, charm, and neighborhood.
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades K-6 • 1.7 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,059 | 1,892 | 5% |
| Lot Size | 8,276 | 9,583 | 37% |
| Price | $565.0K | $722.5K | 14% |
| Price per sq ft | $534 | $385 | 92% |
| Built year | 1921 | 1963 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 176 | 1% |
Apr 7, 2026
$565,000
Initial Listing
Aug 20, 2020
$390,000
Public Record
May 13, 2016
$305,000
Public Record