
Riverside, California 92506
This Modernized Mid-Century Residence is a High-Potential Investment Opportunity, listed at $615,000—positioned well below the $632,739 Fair Market Value by 2%. This valuation gap offers $17,739 in Instant Equity. Boasting an Excellent Condition Rating, the home features a renovated quartz kitchen, newer plumbing, and mini-split HVAC. The expansive 9,148 sqft lot in the historic Wood Streets neighborhood provides significant ADU potential and high-demand value retention. This turnkey retreat is ideal for Owner-Occupants or House-Hackers seeking immediate appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4715 Oakwood Place Subject | $615,000* List Price | 2 | 2 | 1,258 | $503 | - |
A 3719 Jurupa Avenue Sold | $540,000 | 3 | 2 | 1,332 | $405 | 0.8 mi |
B 4401 Maplewood Place Sold | $625,000 | 2 | 2 | 1,300 | $481 | 0.3 mi |
C 6034 Elenor Sold | $580,000 | 2 | 2 | 1,528 | $380 | 0.8 mi |
D 4557 Linwood Pl Sold | $620,000 | 3 | 1 | 1,254 | $494 | 0.1 mi |
E 4032 Elmwood Court Pending | $699,000 List Price | 3 | 2 | 1,120 | $624 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1950, this property has undergone an extensive recent renovation within the last 5 years, meeting the criteria for excellent condition. The kitchen is fully modernized with quartz countertops, soft-close cabinetry, and stainless steel appliances. Functional upgrades include newer plumbing, updated electrical with recessed lighting, and cost-effective mini-split HVAC units. The combination of refinished original hardwoods and new luxury vinyl plank flooring, along with the high-quality finishes throughout, indicates no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9148, living area = 1258.
Situated in one of Riverside’s most coveted and historic neighborhoods, this home offers a quiet, tree-lined setting with high demand and strong long-term value retention.
The property features significant functional upgrades including newer plumbing, cost-effective mini-split HVAC units, and a tastefully remodeled kitchen with quartz countertops and stainless appliances.
With only two bedrooms, the property may have limited appeal for larger families or buyers requiring a dedicated home office space without sacrificing a guest room.
The assigned middle school carries a low rating of 2, which may be a deterrent for education-focused families and could impact future resale velocity.
WOOD STREETS - Located on a tree-lined street in one of Riverside’s most loved neighborhoods, this inviting mid-century, single-story home offers 1,258 sqft with 2 bedrooms and 2 bathrooms on a 9,148 sqft lot. Loads of natural light and spacious living spaces make this home especially warm and welcoming. Beautifully refinished original hardwood floors line the large family room with a wood burning fireplace and extend into the dining room, which offers a double-glass door exit to the backyard. Adjacent to the dining room is a tastefully updated kitchen featuring numerous cabinets with pull-outs and soft-close hardware, beautiful quartz counters, and stainless appliances. Both bedrooms are well-proportioned with generous closet space. The home offers a full bathroom with tub/shower combo as well as an additional half bathroom. The interior is completed by a sizeable utility room which houses washing machine hooks ups, a gas dryer supply, a large utility sink, storage closet and a secondary access to the backyard. An expansive covered patio at the rear of the home offers a welcoming lounging and entertaining setting. The oversized and fully-fenced backyard offers a great space for kids or pets to play, or a potential space for an ADU. Other amenities are numerous and include: newer cost-effective heating and cooling mini-split units, newer plumbing, updated light fixtures and recessed lighting throughout, luxury vinyl plank throughout the kitchen and bathrooms, mature fruit producing citrus trees, irrigated yards, an attached pull-through garage, ample driveway parking and more! A perfect retreat nestled in a quiet, coveted neighborhood that's conveniently close to everything including shopping, schools, churches, parks, eateries and more! Truly special and a must see! Low taxes! Not in high fire!
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades K-6 • 1.9 mi
Grades K-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,258 | 1,892 | 15% |
| Lot Size | 9,148 | 9,583 | 47% |
| Price | $615.0K | $722.5K | 23% |
| Price per sq ft | $489 | $385 | 82% |
| Built year | 1950 | 1963 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 176 | 2% |
Apr 2, 2026
$615,000
Initial Listing
Apr 10, 2024
$535,000
Public Record
Jan 24, 2024
$300,000
Public Record