
Riverside, California 92504
This property presents a High-Potential Investment Opportunity with a List Price of $630,000—positioned above the $535,128 Fair Market Value. While priced at a premium, the 8,276 sqft lot offers significant development potential, including the option to build two additional units. Featuring a Condition Rating of 4, the home includes recent infrastructure upgrades like new copper plumbing and HVAC. This asset is ideal for Buy-and-Hold Investors seeking rental demand near California Baptist University or Owner-Occupants looking for long-term expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4139 Saint George Subject | $630,000* List Price | 3 | 3 | 1,037 | $516 | - |
A 7869 Sycamore Avenue Sold | $570,000 | 3 | 2 | 1,080 | $528 | 0.2 mi |
B 7805 Willow Avenue Sold | $562,500 | 3 | 2 | 1,116 | $504 | 0.3 mi |
C 6974 Capistrano Way Sold | $548,000 | 3 | 1 | 1,140 | $481 | 0.6 mi |
D 3936 Lester Street Sold | $541,000 | 3 | 2 | 1,161 | $466 | 0.3 mi |
E 3924 Wayne Court Sold | $530,000 | 2 | 1 | 1,085 | $488 | 0.6 mi |
F 8341 Garfield Street Sold | $575,000 | 4 | 2 | 1,300 | $442 | 0.5 mi |
G 6845 Barcelona Active | $564,900 List Price | 3 | 1 | 1,140 | $496 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property is well-maintained and move-in ready with significant system upgrades including new copper plumbing, HVAC, and a new water heater. However, the kitchen and bathrooms remain dated with older cabinetry and tile work (likely >20 years old), and the overall aesthetic reflects its mid-century origins despite recent cosmetic updates like new flooring and paint.
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 = 1037.
The oversized 8,276 sqft lot provides a unique investment opportunity with the potential to build two additional units, maximizing the property's long-term value and rental income.
The property features major recent improvements including new copper plumbing throughout, a new water heater, and a central air conditioning and furnace system, minimizing immediate capital expenditures.
At just 1,037 square feet, the three-bedroom and three-bathroom configuration may result in very small individual room sizes and a cramped living environment.
Originally built in 1953, the home may possess architectural limitations and older structural elements typical of mid-century construction despite recent cosmetic and plumbing updates.
First time on the market in more than 22 years, this is the one you have been waiting for. Lovingly maintained and showcasing true pride of ownership, this home offers a rare opportunity to own a move-in ready property on a quiet in an established area close to the California Baptist University, desirable area and neighborhood. With thoughtful updates already completed, you can move right in and start enjoying the home from day one., central air conditioning and furnace, big front parking driveway, painted exterior, and interior paint and new flooring, new back shed, new water heater, new copper plumbing in the whole house inviting, spaces designed for everyday living. Step outside to a spacious lot ideal for relaxing or entertaining, with a detached garage, perfect for a home office, creative space, or additional storage, existing an comfortable place for visitors for a private comfort place. fenced all side back yard offers a great option for a dog run. Conveniently located near schools, parks, shopping, dining, and major freeways, this property offers comfort, convenience, and long-term value. with the option to build 2 more units in the back of the property or expansion. Creating extra improvement for a future, extra potential value, due to the demand of rental area making a unique investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 1,037 | 1,461 | 7% |
| Lot Size | 8,276 | 8,276 | 50% |
| Price | $630.0K | $619.0K | 53% |
| Price per sq ft | $608 | $424 | 95% |
| Built year | 1953 | 1960 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 153 | 1% |
May 21, 2026
$630,000
Initial Listing
May 21, 2013
$175,000
Public Record
Apr 3, 2008
$230,000
Public Record