4640 Cover, Riverside, California 92506, Riverside, 92506 - 2 bed, 1 bath
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Riverside, California 92506
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $559,900—positioned well below the $562,303 Fair Market Value by 0.4%. This valuation gap offers $2,403 in Instant Equity. Featuring a Condition Rating of 3, the home includes a brand-new roof, central HVAC, and a private backyard deck. Its generous 8,712-square-foot lot provides rare versatility, including a detached woodshop and RV parking potential. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers prioritizing location and outdoor utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4640 Cover Subject | $559,900* List Price | 2 | 1 | 956 | $588 | - |
A 4390 Edgewood Sold | $580,000 | 2 | 2 | 960 | $604 | 0.6 mi |
B 6490 Palm Sold | $654,000 | 2 | 1 | 1,132 | $578 | 0.4 mi |
C 3980 Linwood Sold | $585,000 | 2 | 2 | 1,059 | $552 | 0.9 mi |
D 4765 Sunnyside Sold | $535,000 | 2 | 1 | 837 | $639 | 0.4 mi |
E 4685 Rosewood Sold | $580,000 | 3 | 1 | 1,162 | $499 | 0.7 mi |
F 4538 Merrill Sold | $605,000 | 3 | 1 | 1,158 | $522 | 0.3 mi |
G 4190 Cover Sold | $610,000 | 3 | 2 | 1,158 | $527 | 0.4 mi |
H 4660 Cover Street Active Under Contract | $580,000 List Price | 2 | 1 | 1,134 | $511 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1949, the property is well-maintained and move-in ready due to significant recent upgrades including a brand-new roof, central HVAC, and dual-pane windows. The interior features a mix of original character and modern refreshes like new vinyl flooring and refinished hardwoods, though the kitchen and bath cabinetry remain dated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 956.
The property features significant high-value improvements, including a brand-new roof, dual-pane windows, and central heating and air, ensuring immediate comfort and reduced maintenance costs.
The generous 8,712-square-foot lot offers exceptional outdoor utility, featuring a detached garage with a woodshop, potential RV parking, and a private backyard with fruit trees.
At just 956 square feet, the home's compact footprint may be a significant constraint for growing families or buyers requiring additional living space or a home office.
The 2-bedroom, 1-bathroom layout can be a functional drawback for many modern buyers, potentially impacting the property's competitive edge compared to homes with a second bath.
Step into the charm of Magnolia Center-Midtown with this quintessential post-war California Cottage. Spanning approximately 956 square feet, this home perfectly balances its original character with essential modern upgrades. Inside, you’re greeted by a spacious living and dining area featuring classic built-in cabinets and rich hardwood floors that flow throughout the main living spaces. The open kitchen is a bright spot for morning coffee, offering a cozy breakfast nook and brand-new vinyl flooring that extends into the bathroom. Both bedrooms are well-sized, including one featuring elegant French doors that open directly onto the backyard deck—perfect for seamless indoor-outdoor living. Practicality meets comfort with dual-pane windows, central heat and air, an indoor laundry area, and the peace of mind that comes with a brand-new roof. Situated on a generous 8,712-square-foot lot, the outdoor space is a true highlight. The fenced backyard is dotted with fruit trees, offering a private oasis for gardening or entertaining. Hobbyists will love the detached garage, which includes a dedicated woodshop, while the side yard provides excellent potential for RV parking. Located with easy access to Riverside Community College, local shopping, and the vibrant energy of downtown, this home is a delightful find in a fantastic location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 956 | 1,723 |
| Lot Size | 8,712 | 8,712 |
| Price | $559.9K | $676.0K |
| Price per sq ft | $586 | $395 |
| Built year | 1949 | 1977 |
| HOA | $0 | $125 |
| Days on market | 13 | 58 |
Jul 9, 2026
$559,900
Initial Listing
Nov 3, 2003
$208,000
Public Record
Jun 17, 2003
$187,000
Public Record
Sep 28, 2001
$153,000
Public Record
Jan 26, 2000
$113,000
Public Record
Oct 15, 1999
$96,000
Public Record