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

3987 4th Street, Riverside, California 92501 home-pic-0
ACTIVE$899,999
3987 4th Street, Riverside, California 92501
6Beds
7Baths
3,425Sqft
17,860Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Versatile Investment Potential: Explicitly marketed for multiple income-generating uses such as sober living, student housing, or a boutique hotel, and classified as 'Mixed Use', appealing to a broad investor base.
Top Cons:
Age-Related Maintenance: Built in 1903, the property may require significant ongoing maintenance, updates to older systems (e.g., plumbing, electrical), or specialized care despite past renovations.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1903 (122 years old).
Condition: Built in 1903 and last extensively renovated in the mid-1990s (approximately 29 years ago), this property aligns with the 'fair' condition criteria. The exterior images show an aged structure with visible wear on the concrete steps and minimal landscaping. While the property is functional and marketed for various uses, the MLS description explicitly notes potential needs for 'updates to older systems (e.g., plumbing, electrical).' Without interior photos, a detailed assessment of the kitchen and bathrooms is not possible, but given the age of the last renovation, these areas are likely dated in style and features, requiring minor updates to meet current quality standards.
Year Built
1903
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$263
HOA
-
Days on market
-
Sold On
-
MLS number
IV25142940
Home ConditionFair
Features
ViewNeighborhood

About this home

A True Hidden Gem in the Heart of Riverside, formerly known as "The Idea House". In the mid-1990s, a redevelopment agency purchased this Victorian known as “the idea house” and had it fixed up as part of a TV show. This is a once-in-a-lifetime opportunity to own a unique and versatile property in the thriving City of Riverside. Situated on a large corner lot, this expansive home features 6 bedrooms and 7 bathrooms — including a private in-house apartment — offering a variety of potential uses. Whether you're an investor looking to continue its use as a sober living facility, transform it into student housing, or develop a charming boutique hotel just minutes from downtown Riverside, the possibilities are endless (buyer to verify zoning and permitted uses). With Riverside’s rapid growth and revitalization, this property is perfectly positioned to be a standout asset. Are you ready to be a visionary and capitalize on one of the Inland Empire’s fastest-growing markets?

Condition Rating
Fair

Built in 1903 and last extensively renovated in the mid-1990s (approximately 29 years ago), this property aligns with the 'fair' condition criteria. The exterior images show an aged structure with visible wear on the concrete steps and minimal landscaping. While the property is functional and marketed for various uses, the MLS description explicitly notes potential needs for 'updates to older systems (e.g., plumbing, electrical).' Without interior photos, a detailed assessment of the kitchen and bathrooms is not possible, but given the age of the last renovation, these areas are likely dated in style and features, requiring minor updates to meet current quality standards.
Pros & Cons

Pros

Versatile Investment Potential: Explicitly marketed for multiple income-generating uses such as sober living, student housing, or a boutique hotel, and classified as 'Mixed Use', appealing to a broad investor base.
Historic & Unique Character: A 1903 Victorian known as 'The Idea House' with a storied past and unique architectural appeal, offering significant differentiation in the market.
Expansive Layout & Amenities: Features 6 bedrooms, 7 bathrooms, and a private in-house apartment, providing ample space and flexibility for various living arrangements or business models.
Generous Corner Lot: Situated on a large 17,860 sqft corner lot, offering significant outdoor space, potential for expansion, or enhanced privacy.
Strategic Urban Location: Located in the 'Heart of Riverside' and minutes from downtown, benefiting from the city's rapid growth, revitalization, and strong market fundamentals.

Cons

Age-Related Maintenance: Built in 1903, the property may require significant ongoing maintenance, updates to older systems (e.g., plumbing, electrical), or specialized care despite past renovations.
Zoning & Permitted Use Verification: Buyers are explicitly advised to verify zoning and permitted uses, indicating potential complexities or limitations for specific investment strategies and requiring thorough due diligence.
Niche Market Appeal: While versatile, its specific investment-oriented uses (e.g., sober living, student housing) may target a narrower buyer pool compared to a traditional single-family residential property.

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