4121 Park View, Riverside, California 92501, Riverside, 92501 - 3 bed, 3 bath
4121 Park View
Riverside, California 92501
Property Price
SUMMARY
Analysis of 4121 Park View, Riverside, California 92501 reveals a Prime Investment Opportunity with a current list price of $700,000—significantly undercutting the $770,122 Fair Market Value by 9%. This valuation gap indicates a +$70,122 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4121 Park View Subject | $700,000* List Price | 3 | 3 | 1,995 | $386 | - |
A 3826 Stansell Drive Sold | $585,000 | 4 | 2 | 1,743 | $336 | 0.6 mi |
B 3159 Redwood Sold | $660,000 | 3 | 2 | 1,670 | $395 | 0.4 mi |
C 2855 Mulberry St Sold | $650,000 | 4 | 3 | 1,539 | $422 | 0.7 mi |
D 3528 Russell Sold | $525,000 | 3 | 2 | 1,746 | $301 | 0.6 mi |
E 4625 La Paz Ln Sold | $635,000 | 4 | 2 | 1,505 | $422 | 0.6 mi |
F 3024 Pine Active | $795,000 List Price | 3 | 2 | 1,802 | $441 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern updates. The kitchen has been upgraded with European-style cabinetry, granite countertops, and stainless steel appliances, while the primary bathroom has been remodeled with dual vanities. Although built in 1962, the home has been well-maintained with updated flooring and fixtures that complement its mid-century architectural character.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 1995.
- Exceptional Views and Location
Perched directly above Fairmount Park, the property offers rare, sweeping views of Lake Evans, the historic boathouse, and mountains, with direct access to the park's extensive amenities.
- Architectural Character
This 1962 mid-century home features a light-filled open living space with gabled ceilings, wood beam trim, and floor-to-ceiling glass that seamlessly integrates the interior with the park landscape.
CONSRISKS & DEFICIENCIES
- Reverse Floor Plan
The layout places the main living areas on the upper level and all bedrooms on the lower level, which may be inconvenient for buyers with mobility concerns or those preferring traditional entry-level living.
- Proximity to Event Noise
Being situated directly above the historic band shell, the property is subject to significant noise during summer concerts and public events held in the park.
About 4121 Park View
Conveniently located in downtown Riverside and perched above Fairmount Park with sweeping views make this home a rare find. Enjoy incredible views and direct access to the historic Olmstead-designed park featuring Lake Evans, the historic boathouse, mature trees and more. This property sits just above the band shell which is designated landmark (No. 10) designed in 1920 by Mission-style architect Arthur Burnett Benton to mark the 50th anniversary of the founding of Riverside and now plays host to summer concerts in the park. Terraces wrap around the upper level of the property providing the perfect spot to enjoy morning coffee or enjoy a book after work.This 3 bedroom, 2.5 bathroom home was built in 1962, and offers an open living space, kitchen, laundry and garage on the second level, and 3 bedrooms and 3 bathrooms on the lower level. The kitchen was upgraded to include modern European style cabinets, granite countertops and stainless steel appliances. The living and dining rooms offer a open and light filled space with a gabled ceiling with wood beam trim and surrounded with glass overlooking the park below. The primary suite is spacious and offers a remodeled bathroom with with dual vanities and a shower in tub. Two additional guest bedrooms are located on the lower level and offer privacy from the main living area. Enjoy all downtown Riverside has to offer but away from the hustle and bustle of the city. Just a short walk away from Mount Rubidoux, Lake Evans, Fairmount Gold Course, the Santa Ana River Trail and much more!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 12,632 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 1,995 | 1,404 | 76% |
| Lot Size | 12,632 | 7,405 | 92% |
| Price | $700.0K | $585.0K | 81% |
| Price per sq ft | $351 | $404 | 36% |
| Built year | 1962 | 1955 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 173 | 3% |
Pricing History
Listed for Sale
Feb 2, 2026
$700,000
Initial Listing