4693 Central, Riverside, California 92506, Riverside, 92506 - 3 bed, 2 bath
4693 Central
Riverside, California 92506
Property Price
SUMMARY
Analysis of 4693 Central, Riverside, California 92506 reveals a Prime Investment Opportunity with a current list price of $599,900—significantly undercutting the $647,104 Fair Market Value by 7%. This valuation gap indicates a +$47,204 Instant Equity potential for buyers. 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 |
|---|---|---|---|---|---|---|
★ 4693 Central Subject | $599,900* List Price | 3 | 2 | 1,776 | $364 | - |
A 3179 Jane Street Sold | $680,000 | 3 | 2 | 1,717 | $396 | 0.8 mi |
B 2845 Iron Hills Way Sold | $702,000 | 3 | 2 | 1,600 | $439 | 0.5 mi |
C 3075 David Sold | $610,000 | 4 | 2 | 1,668 | $366 | 0.8 mi |
D 2838 Shenandoah Road Pending | $649,998 List Price | 3 | 2 | 1,541 | $422 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1950s property is move-in ready and has undergone significant recent renovations, including brand-new luxury vinyl plank flooring, fresh interior and exterior paint, and a modernized kitchen featuring quartz countertops and new stainless steel appliances. The home also benefits from functional system upgrades like a new furnace and updated lighting fixtures. While the structure is older, the extensive cosmetic and mechanical updates meet the criteria for a well-maintained, updated residence.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Upgrades
The home is truly move-in ready, featuring fresh interior and exterior paint, brand-new luxury vinyl plank flooring, and a modernized kitchen with quartz countertops and new appliances.
- Classic Architectural Charm
This 1950s custom-built residence offers timeless appeal with an oversized living room, a charming bay window, a fireplace, and original oak hardwood floors preserved beneath the new flooring.
- Enhanced Functional Features
The property includes high-value practical improvements such as a new furnace, working AC, an interior laundry room, and a detached two-car garage, providing modern comfort in a vintage shell.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure Concerns
Built in 1950, the property may have underlying aging utility systems, such as plumbing or electrical, that were not explicitly noted as upgraded alongside the cosmetic improvements.
- Potential Traffic Exposure
While the location offers excellent freeway access, its proximity to the 91 freeway and its position on Central Avenue may result in higher ambient noise levels for the residents.
About 4693 Central
Move-in-ready custom-built home! This beautifully maintained 3-bedroom, 2-bath residence offers comfort, style, and thoughtful upgrades throughout. Step into an oversized living room featuring a charming bay window, an inviting fireplace, and abundant natural light from numerous windows. The home also includes a formal dining room, fresh interior and exterior paint, and brand-new luxury vinyl plank (LVP) flooring, original oak hardwood floors under new flooring still mostly good. The updated kitchen shines with quartz countertops, a new stove and dishwasher, new sinks and faucets, and modern lighting fixtures throughout. Additional improvements include a new furnace for year-round comfort, working AC. Enjoy the convenience of an inside laundry room, a 2-car detached garage, and a private backyard—perfect for relaxing or entertaining. Ideally located near schools, shopping, parks, and with easy access to the 91 freeway, this home truly has it all!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,776 | 2,006 | 38% |
| Lot Size | 6,098 | 10,454 | 6% |
| Price | $599.9K | $747.9K | 17% |
| Price per sq ft | $338 | $386 | 20% |
| Built year | 1950 | 1968 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 184 | 1% |
Pricing History
Listed for Sale
Feb 26, 2026
$599,900
Initial Listing