4735 Oakwood Place, Riverside, California 92506, Riverside, 92506 - 2 bed, 2 bath

4735 Oakwood Place, Riverside, California 92506 home-pic-0

4735 Oakwood Place

Riverside, California 92506

ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,544Sq Ft
8,712Lot Size

Property Price

LIST PRICE$649,900
EST. MARKET VALUE
$628,027
3% AboveMARKET VALUE

SUMMARY

Analysis of 4735 Oakwood Place, Riverside, California 92506 reveals a property with a current list price of $649,900, which is 3% above the estimated $628,027 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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

$628,027
Based on Realkey algorithm analyzing recent comparable sales in Riverside.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
4735 Oakwood Place
Subject
$649,900*
List Price
221,544$407-
A
4245 4245 Homewood
Sold
$545,000321,435$3800.7 mi
B
4401 Maplewood Place
Sold
$625,000221,300$4810.4 mi
C
3719 Jurupa Avenue
Sold
$540,000321,332$4050.8 mi
D
5635 Tower Road
Sold
$700,000321,892$3700.2 mi
E
4636 Beverly Court
Sold
$649,900321,350$4810.5 mi
F
4008 Bandini
Pending
$549,900
List Price
321,664$3300.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1949, this property is exceptionally well-preserved but retains most of its original mid-century features, including 'retro' tile in the kitchen and bathrooms, older cabinetry, and vintage crank-out windows. While the home is clean and move-in ready for a buyer seeking historic charm, the kitchen appliances and bathroom fixtures are outdated by modern standards, and there is no evidence of a recent comprehensive renovation of major systems.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    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 = 1544.

  • Prime Historic Location

    Situated in the highly coveted Wood Streets neighborhood, this property offers exceptional lifestyle value with its proximity to Ryan Bonaminio Park and direct views of Mount Rubidoux.

  • Authentic Architectural Character

    The home retains rare 1940s details, including hand-crafted decorative plaster ceilings, original retro tile, and a classic Dutch door, appealing strongly to vintage enthusiasts.

CONSRISKS & DEFICIENCIES

  • Limited Bedroom and Bath Count

    The 2-bedroom, 1.5-bathroom configuration may limit the buyer pool, as many modern families in this price bracket prioritize at least three bedrooms and two full baths.

  • Dated Interior Elements

    While charming, the original 1949 finishes and 'nostalgic' features may necessitate significant updates to plumbing, electrical, or aesthetics for buyers seeking a turnkey, modern living experience.

About 4735 Oakwood Place

Nestled in the highly sought-after Wood Streets neighborhood, this charming single-story ranch offers 1,544 square feet of bright, open living space filled with natural light, original character, and timeless appeal on an expansive 8,712 sq ft lot. The living room features a large picture window perfect for daydreaming, a traditional fireplace with classic built-ins, and hand-crafted decorative plaster ceiling details, while original charm shines throughout. From the nostalgic retro tile in the bathroom and kitchen to the classic Dutch door leading into the den, a vintage mail slot reminiscent of days past, and charming crank-out windows that add warmth and authenticity. This spacious 2-bedroom, 1.5-bath layout includes generously sized rooms with built-in storage, plus a versatile den with a raised brick wood-burning fireplace ideal for a home office, hobby room, or cozy retreat. Step outside to a fully fenced backyard with a screened-in patio for summer evenings, a high-producing cocktail grapefruit tree, an above-ground hot tub, and views of Mount Rubidoux — even your own Fourth of July fireworks show — all just moments from Mount Rubidoux and Ryan Bonaminio Park. A detached two-car garage, ample driveway parking, and a beautiful mature magnolia tree complete this inviting Wood Streets gem — a true must-see!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1949
Lot Size
8,712 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Riverside Unified Schools

Pachappa Elementary School

Grades PK-6 • 1.1 mi

6/10

Bryant Elementary School

Grades K-6 • 1.9 mi

5/10

Alcott Elementary School

Grades K-6 • 2.3 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.04.0
11%
Baths2.02.0
50%
Square foot1,5442,006
29%
Lot Size8,71210,454
37%
Price$649.9K$747.9K
27%
Price per sq ft$421$386
68%
Built year19491968
20%
HOA$0$0
50%
Days on market5184
1%

Pricing History

Listed for Sale

Mar 2, 2026

$649,900

Initial Listing

Sold

Mar 31, 2020

$425,000

Public Record

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