4161 University, Riverside, California 92501, Riverside, 92501 - 4 bed, 3 bath

4161 University, Riverside, California 92501 home-pic-0

4161 University

Riverside, California 92501

ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,352Sq Ft
6,534Lot Size

Property Price

LIST PRICE$875,000
EST. MARKET VALUE
$825,626
5% AboveMARKET VALUE

SUMMARY

Analysis of 4161 University, Riverside, California 92501 reveals a property with a current list price of $875,000, which is 5% above the estimated $825,626 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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

$825,626
Based on Realkey algorithm analyzing recent comparable sales in Riverside.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
4161 University
Subject
$875,000*
List Price
432,352$351-
A
3209 Mulberry Street
Sold
$675,000332,060$3281.0 mi
B
4625 La Paz Ln
Sold
$635,000421,505$4220.9 mi
C
2789 Fairmount Boulevard
Sold
$760,0002,400$3170.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

This 1907 historic home is meticulously maintained and move-in ready, featuring a blend of original craftsmanship and modern luxury. The property has undergone significant updates including a renovated kitchen, updated bathrooms, newer A/C units, and updated electrical systems. While it retains historic charm like original woodwork and hardwood floors, the major systems are functional and modernized, fitting the criteria for a well-maintained property with minimal wear.

PROSSTRENGTHS & OPPORTUNITIES

  • Mills Act Tax Benefits

    The property is protected under a Mills Act Contract, providing the owner with substantial property tax savings in exchange for preserving the home's historic architectural integrity.

  • Prime Downtown Location

    Ideally situated in the Evergreen Quarter Historic District, the home is within walking distance of Riverside’s iconic landmarks, including the Mission Inn, Fox Theater, and top-tier dining.

  • Modernized Infrastructure

    Despite its 1907 origins, the residence features critical modern upgrades including newer A/C units, updated electrical ready for a hot tub, and renovated kitchen and bathrooms.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.

  • Preservation Restrictions

    Due to its historic designation and Mills Act status, owners are limited in their ability to make significant exterior modifications or modern architectural changes.

  • Market Stagnation

    The property has undergone multiple price reductions since its initial listing in late 2025, suggesting the market has been slow to respond to the current valuation.

About 4161 University

Where California’s historic charm meets modern luxury. This exceptional residence is proudly protected under the Mills Act Contract, a coveted California program that provides substantial property tax savings to owners of qualified historic homes in exchange for preserving their architectural integrity offering both financial benefit and the honor of safeguarding local heritage. Built in 1907 and located within the Evergreen Quarter Historic District and the Downtown Specific Plan, this stunning American Foursquare balances timeless craftsmanship with thoughtful modern enhancements. Ideally situated within walking distance to the Mission Inn, Fox Theater, Riverside Art Museum, Riverside Public Library, and the city’s most beloved dining destinations, the home embodies Riverside’s cultural and architectural legacy. From the moment you arrive, the home makes a statement with two stately entry points and a newly stained front porch an inviting space for morning coffee or evening gatherings beneath mature shade trees. Inside, a gracious formal sitting room flows into a warm family room rich with original woodwork and period detailing. The formal dining room is a showpiece, featuring classic built-ins and a brick fireplace crafted from historic Mission Inn bricks. The spacious kitchen blends timeless design with modern convenience, complemented by an updated downstairs bathroom and a separate laundry room that add charm and function. Upstairs, four generously sized bedrooms offer original moldings, hardwood floors, and abundant natural light, along with two elegant bathrooms that continue the blend of old world character and modern comfort. Outside, the expansive backyard is a private retreat with multiple seating areas, a large covered entertaining porch, and lush landscaping anchored by a majestic sycamore tree and three mature 50-year-old lemon trees. Additional highlights include updated electrical ready for a sauna or hot tub, newer A/C units, and ample parking with space for up to six vehicles at the rear of the property and garage. Lovingly restored and meticulously maintained, this home offers a rare opportunity to own a true piece of Riverside’s living history where every detail tells a story and every space feels like home. Select key furnishings will remain. Come experience and fall in love with Riverside’s heritage through this extraordinary home.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1907
Lot Size
6,534 Sq. Ft.

Interior

Total Bedrooms
4
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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
71%
Baths3.02.0
68%
Square foot2,3521,404
83%
Lot Size6,5347,405
42%
Price$875.0K$585.0K
93%
Price per sq ft$372$404
37%
Built year19071953
5%
HOA$0$0
50%
Days on market117173
20%

Pricing History

Listed for Sale

Feb 28, 2026

$875,000

$895,000

-2% Price Drop

Initial Listing

Price Change

Feb 7, 2026

$895,000

$900,000

-1% Price Drop

Initial Listing

Price Change

Dec 13, 2025

$900,000

$925,000

-3% Price Drop

Initial Listing

Price Change

Nov 10, 2025

$925,000

Initial Listing

Sold

May 10, 2021

$720,000

Public Record

Sold

Aug 17, 2016

$500,000

Public Record

Sold

Nov 25, 2014

$255,000

Public Record

Sold

Feb 5, 2014

$210,000

Public Record

Sold

Sep 17, 2002

$360,000

Public Record

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