
Riverside, California 92504
This High-Potential Investment Opportunity is listed at a List Price of $599,800—positioned well below the $616,902 Fair Market Value by 2%. This valuation gap offers $17,102 in Instant Equity. Featuring a Condition Rating of 3, the property includes a remodeled kitchen and a detached ADU on a large 8,712 sqft lot. With its central Riverside location and expansion potential, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4267 Canterbury Subject | $599,800* List Price | 4 | 2 | 1,122 | $550 | - |
A 4111 Saint Paul Place Sold | $576,000 | 3 | 1 | 1,008 | $571 | 0.2 mi |
B 7869 Sycamore Avenue Sold | $570,000 | 3 | 2 | 1,080 | $528 | 0.4 mi |
C 6867 Morningside Sold | $660,000 | 3 | 2 | 1,134 | $582 | 0.6 mi |
D 5865 Green Valley Street Sold | $600,000 | 3 | 2 | 1,280 | $469 | 0.4 mi |
E 6853 Morningside Sold | $620,000 | 3 | 2 | 1,260 | $492 | 0.6 mi |
F 8341 Garfield Street Sold | $575,000 | 4 | 2 | 1,300 | $442 | 0.5 mi |
G 6845 Barcelona Sold | $575,000 | 3 | 1 | 1,140 | $504 | 0.8 mi |
H 3924 Wayne Court Sold | $530,000 | 2 | 1 | 1,085 | $488 | 0.6 mi |
I 4139 Saint George Active | $620,000 List Price | 3 | 3 | 1,037 | $598 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1953, the property features a remodeled kitchen with updated cabinetry and backsplashes, along with modern laminate flooring and French doors. The interior appears well-maintained and move-in ready with updates likely occurring within the 5-15 year range. The addition of a primary suite and a functional ADU adds significant value, though the exterior landscaping and some bedroom finishes lean toward fair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1122.
The property features a detached ADU in addition to the main residence, providing excellent flexibility for multi-generational living or potential rental income opportunities.
Situated on a large, flat 8,712 sqft lot with a massive concrete driveway, the property offers significant room for further structural expansion or extensive vehicle and RV storage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1122, other record living area = 922. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With only 1,122 square feet of living space distributed across four bedrooms, the individual rooms and common areas may feel constrained for larger families.
Originally built in 1953, the property may require ongoing maintenance or updates to aging systems and insulation typical of homes from this era.
Great opportunity here on this single story home in a centrally located Riverside neighborhood, super close to 91 freeway access and shopping and restaurants off Arlington & Magnolia Streets. This property offers 2 units on one lot with a detached ADU unit that is being used as the 4th bedroom for owners adult daughter. House has a Primary bedroom and bathroom suite with a 2 car attached garage on a huge, all flat lot, ready for additional expansion if buyer wants to add more living area. There is a massive concrete driveway in front for parking extra vehicles, a side covered patio over a concrete deck in the backyard off the kitchen and an above ground pool that sellers will leave with the sale of the house. Main house has 3 good sized bedrooms and 2 full baths and a remodeled kitchen off the dining room and family room combo area that also has a french door leading out to fully fenced backyard.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,122 | 1,867.892 |
| Lot Size | 8,712 | 8,787.773 |
| Price | $599.8K | $692.3K |
| Price per sq ft | $535 | $386 |
| Built year | 1953 | 1980 |
| HOA | $0 | $151 |
| Days on market | 28 | 55 |
Aug 12, 2026
$599,800
Initial Listing
May 23, 1996
$81,000
Public Record
Nov 30, 1995
$96,000
Public Record