
Riverside, California 92507
This Turnkey Historic Bungalow is a Prime Investment Opportunity listed at $475,000—positioned well below the $495,000 Fair Market Value by 4%. This valuation gap provides $20,000 in Instant Equity. The property features a modern remodel with a new kitchen, stone countertops, and mountain views, earning a Condition Rating of 2. Located within walking distance to the University and local parks, it offers high rental demand and lifestyle convenience. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4149 Sedgwick Avenue Subject | $450,000* List Price | 3 | 1 | 960 | $469 | - |
A 2190 9th St Sold | $475,000 | 3 | 2 | 969 | $490 | 0.2 mi |
B 2158 10th Street Sold | $535,000 | 3 | 2 | 1,122 | $477 | 0.2 mi |
C 2311 5th Street Sold | $485,000 | 4 | 2 | 1,111 | $437 | 0.5 mi |
D 3395 Franklin Avenue Active | $575,000 List Price | 3 | 2 | 1,297 | $443 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1905, the property has undergone a complete modern renovation within the last year, presenting in turnkey condition. The interior features a brand-new kitchen with white shaker cabinets, stone countertops, and stainless steel appliances, along with a fully updated bathroom, new laminate flooring, recessed lighting, and fresh paint throughout. All visible components meet current aesthetic and quality standards with no signs of deferred maintenance.
Ideally situated within walking distance to the University, local restaurants, stores, and parks, offering high convenience and appeal for students or professionals.
The property features a clean, modern remodel, making it an attractive, move-in-ready option specifically tailored for first-time homebuyers.
The home includes an inviting yard with scenic views, providing valuable outdoor space that enhances the overall living experience beyond the interior square footage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 960, other record living area = 888. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property was recently sold within the past year on 2025-09-05. The sold price is $262,000.00.
With only 960 square feet of living area and a single bathroom serving three bedrooms, the interior layout may feel cramped for larger families or those working from home.
Great home for a first-time home buyer looking for something not too big, cleaned remodel. inviting nice yard with views.Closed to University, Restaurants, stores and walking distance to many places like the park.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 960 | 1,739.5 | 7% |
| Lot Size | 5,227 | 8,276 | 14% |
| Price | $450.0K | $650.5K | 5% |
| Price per sq ft | $469 | $388 | 87% |
| Built year | 1905 | 1974 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 95 | 189 | 20% |
Apr 21, 2026
$450,000
$425,000
+6% Price Increase
Initial Listing
Apr 19, 2026
$425,000
$455,000
-7% Price Drop
Initial Listing
Mar 28, 2026
$455,000
$475,000
-4% Price Drop
Initial Listing
Feb 26, 2026
$475,000
$495,000
-4% Price Drop
Initial Listing
Jan 17, 2026
$495,000
Initial Listing
Sep 5, 2025
$262,000
Public Record