4347 2nd, Riverside, California 92501, Riverside, 92501 - 10 bed, 5 bath
4347 2nd
Riverside, California 92501
Property Price
SUMMARY
Analysis of 4347 2nd, Riverside, California 92501 is currently available with a list price of $995,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1900, this property is very old. While the listing mentions 'updates have been made,' the lack of specific details or interior images for the kitchen and bathrooms makes it difficult to assess their condition. The exterior appears maintained but reflects an older style, and the property analysis notes 'unspecified updates' and 'advanced age & maintenance.' It's highly probable that major systems, kitchen, and bathrooms are outdated and would require significant renovation to meet modern standards, fitting the 'Fair' category where components are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
The property is located within walking distance of historic downtown Riverside, offering convenience and potential for high foot traffic or community engagement for institutional uses.
- Exceptional Capacity
Features 10 bedrooms and 5 bathrooms, providing substantial space suitable for large families, multi-generational living, or specialized group housing.
- Versatile Commercial Potential
Currently operating as a non-profit and explicitly marketed for potential use as a nursing facility or continued non-profit operation, indicating strong income-generating or community service possibilities.
CONSRISKS & DEFICIENCIES
- Zoning/Usage Conflict
Listed as a 'Residential Single Family Residence' despite its current and proposed commercial/institutional use, which could lead to significant zoning hurdles, financing difficulties, or require a costly re-zoning process.
- Advanced Age & Maintenance
As a 1900-built property, it may incur higher ongoing maintenance costs, potential for outdated systems (plumbing, electrical), and require substantial investment to meet modern standards or codes.
- Unspecified Updates
While 'updates have been made' is mentioned, the lack of detail regarding the scope, quality, and recency of these updates makes it difficult to assess their value and leaves potential for unforeseen expenses.
About 4347 2nd
Located within walking distance of historic downtown Riverside sits this 10 bedroom 5 bath home currently operating as a non profit service. Updates have been made to this property. Lots of potential for this to continue as possible nursing facility or continue as a non profit.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1900
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 10
- Total Bathrooms
- 5 (5 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 | 10.0 | 3.0 | 98% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 3,460 | 1,404 | 98% |
| Lot Size | 8,276 | 7,405 | 64% |
| Price | $995.0K | $585.0K | 97% |
| Price per sq ft | $288 | $404 | 17% |
| Built year | 1900 | 1953 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 94 | 173 | 17% |
Pricing History
Listed for Sale
Dec 3, 2025
$995,000
Initial Listing
Sold
Mar 13, 2009
$230,000
Public Record