3987 4th Street, Riverside, California 92501, Riverside, 92501 - 6 bed, 7 bath

3987 4th Street, Riverside, California 92501 home-pic-0
ACTIVE$850,000
3987 4th Street, Riverside, California 92501
6Beds
7Baths
3,425Sqft
17,860Lot
Year Built
1903
Close
-
List price
$850K
Original List price
$899K
Price/Sqft
$248
HOA
-
Days on market
-
Sold On
-
MLS number
CV25188076
Home ConditionFair
Features
View-

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $850.0K(85th), sqft - 3425(97th), beds - 6(96th), baths - 7(99th).

A rare opportunity in the heart of Riverside; this 6-bedroom, 7-bathroom historic residence sits on a massive double lot just minutes from Downtown, UCR, shopping, dining, parks, and freeway access. Built in 1903 and updated with modern finishes, this 3,425 sqft home offers the perfect blend of character, space, and flexibility. Inside, you’ll find multiple living and dining spaces, fresh paint, laminate flooring, plush carpeting, crown molding, and custom ceilings that elevate every room. The main level features a private studio suite with its own entrance, kitchenette, and full bathroom, ideal for multi-generational living, guests, or rental income. With a 2-car garage plus 4 additional parking spaces, a deep front yard and an expansive rear yard, the outdoor space is a blank canvas. There’s room for a pool, spa, ADU, or garden, with a configuration that offers privacy, sun exposure, and entertainment potential. The size of this lot and its central location make it a stand-out for owners wanting space and investors exploring income potential.

Price History

Date
Event
Price
11/05/25
Price Change
$850,000-2.3%
10/08/25
Price Change
$870,000-3.2%
08/20/25
Listing
$899,000
Condition Rating
Fair

Built in 1903, the property has received cosmetic updates such as fresh paint, laminate flooring, and plush carpeting. However, the kitchen features dated brown cabinets, pink laminate countertops, and older white appliances. The bathroom also shows signs of age with outdated tile work and a basic vanity. While functional and maintained, the key areas of the kitchen and bathrooms require significant updates to meet modern standards, aligning with a renovation timeline of 15-30+ years ago for these specific components.
Pros & Cons

Pros

Prime Central Location: Situated in the heart of Riverside, offering immediate access to Downtown, UCR, shopping, dining, parks, and major freeways, enhancing convenience and desirability.
Historic Character with Modern Appeal: A 1903 historic residence thoughtfully updated with modern finishes, blending classic charm with contemporary comfort and aesthetics.
Exceptional Space & Flexible Layout: Boasts 6 bedrooms, 7 bathrooms, 3,425 sqft of living space, and includes a private studio suite with separate entrance, kitchenette, and full bath, ideal for multi-generational living or rental income.
Massive Double Lot with Development Potential: Sits on a substantial 17,860 sqft double lot, providing ample outdoor space and significant potential for a pool, spa, ADU, or extensive landscaping.
Abundant Parking: Offers a 2-car garage complemented by 4 additional parking spaces, a significant convenience for a large household or potential multi-unit use.

Cons

Discrepancy with Estimated Value: The current list price of $850,000 is notably above the estimated property value of $776,669, which may deter potential buyers or complicate financing.
History of Price Reductions: Multiple price drops from the original $899,000 indicate potential overpricing or challenges in attracting offers at previous price points.
Absence of Scenic Views: The property description explicitly states 'view: None,' which could be a disadvantage for buyers prioritizing scenic outlooks.

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