
Riverside, California 92506
This property presents a High-Potential Investment Opportunity with a List Price of $615,000—positioned well above the $473,668 Fair Market Value by -29%. Featuring a Condition Rating of 5, this "totally original" 1954 home in the historic Wood Streets neighborhood requires a comprehensive interior overhaul. The large gated backyard, oversized driveway, and detached 2-car garage provide significant value-add potential. This asset is best suited for Buy-and-Hold Investors or Contractors capable of modernizing the dated systems and finishes to capture long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4621 Beverly Court Subject | $615,000* List Price | 3 | 2 | 1,306 | $363 | - |
A 3979 Bandini Sold | $472,000 | 2 | 1 | 1,069 | $442 | 0.7 mi |
B 4735 Oakwood Place Sold | $650,000 | 2 | 2 | 1,544 | $421 | 0.4 mi |
C 5663 Osburn Sold | $635,000 | 3 | 2 | 1,772 | $358 | 1.0 mi |
D 6041 Hamilton Active | $569,000 List Price | 3 | 2 | 1,303 | $437 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1954 and described as 'totally original,' this 70-year-old property exceeds the 30-year threshold for a rehab requirement. While meticulously maintained with functional central HVAC, the kitchen and bathrooms are severely dated and the home requires a full interior and systems overhaul to meet modern standards.
Situated in the highly sought-after 'Wood Streets' neighborhood, this property offers exceptional curb appeal and long-term value in one of Riverside's most desirable and charming historic districts.
As a one-owner home that has been meticulously maintained, the property demonstrates a high level of pride of ownership, including original hardwood floors preserved under the carpet and updated central A/C.
The property boasts a large gated backyard, a 75-foot oversized driveway, and a detached two-car garage, providing ample space for RV parking, storage, and outdoor entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Described as 'totally original,' the home likely requires significant cosmetic updates and modernization to the kitchen and bathrooms to meet contemporary buyer expectations.
At 1,306 square feet, the interior living space is relatively compact for a three-bedroom home, which may feel restrictive for buyers seeking modern, open-concept layouts.
Amazing 1 owner property in the 'Wood Streets' neighborhood of Central Riverside. This home has been meticulously maintained. You are going to want to see this one! Features; Large backyard (gated), maintained lawn, detached 2-car garage, oversized driveway (11' x 75'), large covered patio, fully landscaped with irrigation, central A/C, central heat, original wood floors under carpet, built in closets, central fire place, Pocket doors, totally original,,, Must see it to really appreciate it.
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades K-6 • 2.3 mi
Grades K-6 • 2.3 mi
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 | 1,306 | 1,866.5 | 19% |
| Lot Size | 6,970 | 9,583 | 16% |
| Price | $615.0K | $725.0K | 21% |
| Price per sq ft | $471 | $395 | 76% |
| Built year | 1954 | 1964 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 134 | 3% |
May 17, 2026
$615,000
Initial Listing