4347 2nd, Riverside, California 92501, Riverside, 92501 - 10 bed, 5 bath
ACTIVE$995,000
4347 2nd, Riverside, California 92501
10Beds
5Baths
3,460Sqft
8,276Lot
Year Built
1900
Close
-
List price
$995K
Original List price
$995K
Price/Sqft
$288
HOA
-
Days on market
-
Sold On
-
MLS number
HD25270001
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $995.0K(95th), sqft - 3460(97th), beds - 10(99th), baths - 5(97th).
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.
Price History
Date
Event
Price
12/03/25
Listing
$995,000
03/13/09
Sold
$230,000
Condition Rating
Fair
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 It's highly probable that major systems, kitchen, and bathrooms are outdated and would require significant renovation to meet modern standards, fitting the 'Fair' category where components are functional but show signs of being outdated.
Pros & Cons
Pros
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.
Historic Architecture: Built in 1900, the property likely possesses unique architectural character and charm, appealing to buyers interested in historic preservation or distinctive properties.
Recent Property Enhancements: The description notes 'updates have been made,' suggesting the property has received attention to maintain or improve its condition.
Cons
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.