4579 University, Riverside, California 92501, Riverside, 92501 - 3 bed, 2 bath
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Riverside, California 92501
Analysis of 4579 University, Riverside, California 92501 is currently available with a list price of $825,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Originally built in 1918/1935, this property shows significant signs of age with no evidence of recent major renovations. The kitchen is severely outdated with 40+ year old styling, mismatched appliances, and potential ceiling damage. Bathrooms and systems appear to be 30-50 years old, and the listing explicitly states the price reflects the need for updates, signaling a full rehab is necessary.
Designed by renowned architect Robert H. Spurgeon Jr., this Spanish Colonial Revival home offers unique historical character and timeless aesthetic appeal that is rare in the market.
Ideally situated on a private divided street below Mt. Rubidoux, the property enjoys a prime Riverside location known for its scenic beauty and neighborhood exclusivity.
With a spacious layout including a second-floor addition and a price point reflecting the need for updates, there is a significant opportunity for buyers to build immediate equity through renovation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 2000.
The property requires comprehensive updates and modernization throughout, which will necessitate a substantial additional capital investment from the buyer.
The significant difference between the original 1,446 sqft and the seller-reported 2,000-2,500 sqft may present challenges during the appraisal and financing process.
One of a kind Spanish Colonial Revival built in 1935 by Architect Robert H. Spurgeon Jr. Original S.F 1446 approx 2000 S.F. per seller with added second floor. Beautiful location. The two car garage is detached with entrance off alley. The upstairs is spacious with vaulted ceiling and its own bath with oversized clawfoot tub. One of a kind home on a private divided street below Mt. Rubidoux . Price reflects doing an update and a great opportunity to built equity. Come take a look, you won't be disappointed in this amazingly built home with incredible potential!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,500 | 1,403.5 | 87% |
| Lot Size | 8,712 | 7,405 | 65% |
| Price | $825.0K | $579.0K | 91% |
| Price per sq ft | $330 | $380 | 33% |
| Built year | 1918 | 1954 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 170 | 2% |
Jun 4, 2026
$825,000
Initial Listing