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

4735 Oakwood Place
Riverside, California 92506
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4735 Oakwood Place Subject | $649,900* List Price | 2 | 2 | 1,544 | $407 | - |
A 4245 4245 Homewood Sold | $545,000 | 3 | 2 | 1,435 | $380 | 0.7 mi |
B 4401 Maplewood Place Sold | $625,000 | 2 | 2 | 1,300 | $481 | 0.4 mi |
C 3719 Jurupa Avenue Sold | $540,000 | 3 | 2 | 1,332 | $405 | 0.8 mi |
D 5635 Tower Road Sold | $700,000 | 3 | 2 | 1,892 | $370 | 0.2 mi |
E 4636 Beverly Court Sold | $649,900 | 3 | 2 | 1,350 | $481 | 0.5 mi |
F 4008 Bandini Pending | $549,900 List Price | 3 | 2 | 1,664 | $330 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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home is clean and move-in ready for a buyer seeking historic charm, the kitchen appliances and bathroom fixtures are outdated by modern standards, and there is no evidence of a recent comprehensive renovation of major systems.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
Bryant Elementary School
Grades K-6 • 1.9 mi
Alcott Elementary School
Grades K-6 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,544 | 2,006 | 29% |
| Lot Size | 8,712 | 10,454 | 37% |
| Price | $649.9K | $747.9K | 27% |
| Price per sq ft | $421 | $386 | 68% |
| Built year | 1949 | 1968 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 184 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$649,900
Initial Listing
Sold
Mar 31, 2020
$425,000
Public Record



































