4478 4th Street, Riverside, California 92501, Riverside, 92501 - 4 bed, 2 bath
4478 4th Street
Riverside, California 92501
Property Price
SUMMARY
Analysis of 4478 4th Street, Riverside, California 92501 reveals a Fairly Priced Property with a current list price of $940,000 aligned with the estimated $924,174 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 4478 4th Street Subject | $940,000* List Price | 4 | 2 | 2,271 | $407 | - |
A 4536 Indian Hill Road Sold | $1,025,000 | 4 | 2 | 2,689 | $381 | 0.1 mi |
B 4485 6th Street Sold | $820,000 | 3 | 3 | 2,291 | $358 | 0.1 mi |
C 4320 Glenwood Drive Sold | $840,000 | 4 | 3 | 2,500 | $336 | 0.7 mi |
D 3891 4th Street Sold | $832,562 | 3 | 3 | 2,103 | $396 | 0.5 mi |
E 3159 Redwood Sold | $660,000 | 3 | 2 | 1,670 | $395 | 0.2 mi |
F 3354 Orange Street Active | $849,999 List Price | 4 | 3 | 2,392 | $355 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1908, the main house has undergone significant recent updates, including a remodeled kitchen with modern cabinets, countertops, and flooring, and two updated bathrooms. The property also features central air/heat on both floors and fresh paint, making it move-in ready. While some elements like the vintage stove and one bathroom retain an older style, they are well-maintained and functional. The separate ADU is more basic but adds value.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 2271.
- Historic Significance & Architecture
This unique Mission Style home was built in 1908 by G. Stanley Wilson, an architect of The Mission Inn, offering significant historical and architectural value.
- Prime Downtown Location
Located just minutes from the heart of downtown Riverside, in the Mt. Rubidoux area near Fairmont Park, with tree-lined streets and walking distance to parks offering fishing and kayaking.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1908, while historic, older homes can entail higher maintenance costs and potential for unforeseen issues despite recent upgrades.
- Price Reduction History
The recent price reduction from $970,000 to $940,000 may indicate a lack of initial buyer interest or that the property was initially overpriced.
- Buyer Due Diligence Required
The listing explicitly states 'Buyer to verify square footage,' which could imply potential discrepancies and places additional burden on the buyer for verification.
About 4478 4th Street
Price Reduced!!! Just minutes from the heart of downtown Riverside. This mission style home was built by one of the architects of The Mission Inn: G. Stanley Wilson. Mt. Rubidoux area near Fairmont Park, Historic Home was built in 1908 with park like yards and tree lined streets. Yester Year Homes built 5 bedrooms with more room for additional 4 baths. Remolded kitchen and fresh paint on the exterior and interior. Home has central air/heat both units located on each floor. Massive front porch with hanging swing for the cool summer nights. There is 1 bedroom 1 bath approx.440 sq ft Sears and Roebuck kit house on the property that is just amazing. Perfect for a rental or a granny flat. Back alley has private entrance to back yard. Carriage House kas been used as a single car garage. Space for RV parking. Nearby walking distance parks include fishing and kayaking. . Buyer to verify square footage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1908
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 | 2.0 | 2.0 | 50% |
| Square foot | 2,271 | 1,404 | 81% |
| Lot Size | 11,761 | 7,405 | 88% |
| Price | $940.0K | $585.0K | 97% |
| Price per sq ft | $414 | $410 | 51% |
| Built year | 1908 | 1953 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 178 | 176 | 53% |
Pricing History
Listed for Sale
Jan 5, 2026
$940,000
$970,000
-3% Price Drop
Initial Listing
Price Change
Sep 10, 2025
$970,000
Initial Listing