
Riverside, California 92504
This Multi-Unit Residential Property represents a Strong Value Opportunity, listed at $599,800—positioned well below the $620,670 Fair Market Value by 3%. This valuation gap offers $20,870 in Instant Equity. Featuring a Condition Rating of 3, the home includes a remodeled kitchen and a detached ADU on a large 8,712 sqft lot. With its versatile layout and expansion potential, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4267 Canterbury Subject 4 bd · 2 ba · 1,122 sqft · $553 | $599,800* List Price | 4 | 2 | 1,122 | $553 | - |
A 4111 Saint Paul Place Sold 3 bd · 1 ba · 1,008 sqft · $571 · 0.2 mi | $576,000 | 3 | 1 | 1,008 | $571 | 0.2 mi |
B 6867 Morningside Sold 3 bd · 2 ba · 1,134 sqft · $582 · 0.6 mi | $660,000 | 3 | 2 | 1,134 | $582 | 0.6 mi |
C 7869 Sycamore Avenue Sold 3 bd · 2 ba · 1,080 sqft · $528 · 0.4 mi | $570,000 | 3 | 2 | 1,080 | $528 | 0.4 mi |
D 5161 Sierra Street Sold 3 bd · 2 ba · 1,202 sqft · $537 · 0.8 mi | $646,000 | 3 | 2 | 1,202 | $537 | 0.8 mi |
E 5865 Green Valley Street Sold 3 bd · 2 ba · 1,280 sqft · $469 · 0.4 mi | $600,000 | 3 | 2 | 1,280 | $469 | 0.4 mi |
F 6853 Morningside Sold 3 bd · 2 ba · 1,260 sqft · $492 · 0.6 mi | $620,000 | 3 | 2 | 1,260 | $492 | 0.6 mi |
G 8341 Garfield Street Sold 4 bd · 2 ba · 1,300 sqft · $442 · 0.5 mi | $575,000 | 4 | 2 | 1,300 | $442 | 0.5 mi |
H 6845 Barcelona Sold 3 bd · 1 ba · 1,140 sqft · $504 · 0.8 mi | $575,000 | 3 | 1 | 1,140 | $504 | 0.8 mi |
I 4139 Saint George Active 3 bd · 3 ba · 1,037 sqft · $598 · 0.2 mi | $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.
The property is well-maintained and move-in ready with a remodeled kitchen featuring stone countertops and updated laminate flooring throughout. While the 1953 structure is older, the interior renovations appear to be within the 5-15 year range, though the presence of wall-mounted AC units suggests the HVAC systems may not be fully modernized.
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 an excellent opportunity for rental income or multi-generational living.
Situated on a large, flat 8,712 sqft lot, the property offers significant space for further structural additions or outdoor development.
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 area across four bedrooms, the interior layout may feel constrained for larger families or those seeking spacious rooms.
Originally built in 1953, the home may require ongoing maintenance or updates to older mechanical and structural systems not mentioned as recently upgraded.
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 | 2.2 |
| Square foot | 1,122 | 1,854.896 |
| Lot Size | 8,712 | 8,680.308 |
| Price | $599.8K | $698.4K |
| Price per sq ft | $535 | $380 |
| Built year | 1953 | 1982 |
| HOA | $0 | $156 |
| Days on market | 73 | 57 |
Aug 12, 2026
$599,800
Initial Listing
May 23, 1996
$81,000
Public Record
Nov 30, 1995
$96,000
Public Record