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

4161 University
Riverside, California 92501
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4161 University Subject | $875,000* List Price | 4 | 3 | 2,352 | $351 | - |
A 3209 Mulberry Street Sold | $675,000 | 3 | 3 | 2,060 | $328 | 1.0 mi |
B 4625 La Paz Ln Sold | $635,000 | 4 | 2 | 1,505 | $422 | 0.9 mi |
C 2789 Fairmount Boulevard Sold | $760,000 | 2,400 | $317 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 71% |
| Baths | 3.0 | 2.0 | 68% |
| Square foot | 2,352 | 1,404 | 83% |
| Lot Size | 6,534 | 7,405 | 42% |
| Price | $875.0K | $585.0K | 93% |
| Price per sq ft | $372 | $404 | 37% |
| Built year | 1907 | 1953 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 117 | 173 | 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




















































