4008 Mt Vernon, Riverside, California 92507, Riverside, 92507 - 4 bed, 3 bath
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Riverside, California 92507
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $760,000—positioned well below the $769,509 Fair Market Value by 1%. This valuation gap offers $9,509 in Instant Equity. Featuring a 2021 Permitted Addition and an Immaculate Condition Rating, the home offers a versatile 4-bedroom layout near UCR. Its proximity to major transit and academic hubs makes it a stable asset for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey property with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4008 Mt Vernon Subject | $760,000* List Price | 4 | 3 | 2,321 | $332 | - |
A 7552 Honeybell Court Sold | $760,000 | 4 | 2 | 2,206 | $345 | 0.7 mi |
B 230 E Blaine Sold | $640,000 | 4 | 2 | 1,512 | $423 | 0.7 mi |
C 3430 Bahia Sold | $599,000 | 4 | 2 | 1,597 | $375 | 0.6 mi |
D 370 W Blaine Active | $759,000 List Price | 4 | 2 | 2,068 | $367 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property underwent a significant permitted addition and renovation in 2021 (within the last 5 years). The interior features modern LVP flooring, updated bathrooms with contemporary vanities and tile work, and is in immaculate, move-in condition.
The property's extreme proximity to UC Riverside (UCR) makes it a premier candidate for lucrative student housing or faculty rentals, ensuring high demand and consistent occupancy.
A 375 sq ft permitted addition completed in 2021 brings the total living area to a generous 2,321 sq ft, offering modern space and value that exceeds the original 1960s footprint.
With 4 bedrooms, 3 bathrooms, and an additional den/office, the floor plan provides excellent flexibility for multi-generational living or maximizing rental income per room.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2321, other record living area = 1946.
Despite the 2021 addition, the core structure dates back to 1960, which may necessitate future maintenance or upgrades to original plumbing, electrical, and insulation systems.
The proximity to a major university can result in higher neighborhood turnover, increased street parking congestion, and potential noise levels that may deter traditional long-term family residents.
Tucked away in a peaceful and beautiful Riverside neighborhood, this 1960-built single-family home is in immaculate, move-in condition! The Space: 2,321 total sq ft (including a permitted 375 sq ft addition from 2021). Layout: 4 spacious bedrooms, 3 full bathrooms, plus a cozy small den/office. Features: A warm, inviting living room featuring a classic fireplace. Location Highlights: Incredibly close to UC Riverside (UCR), a premier STEM academic school, and easy access to the 60 Freeway. Whether you are looking to settle down in a quiet neighborhood or purchase a highly lucrative student housing investment to lease out, this property is a perfect match. Schedule your viewing before it's gone!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,321 | 1,723 |
| Lot Size | 7,405 | 8,712 |
| Price | $760.0K | $676.0K |
| Price per sq ft | $327 | $395 |
| Built year | 1960 | 1977 |
| HOA | $0 | $125 |
| Days on market | 6 | 58 |
Jul 16, 2026
$760,000
Initial Listing
Feb 21, 2020
$489,000
Public Record
Jul 19, 2019
$323,000
Public Record