4791 Granada Ave, Riverside, California 92504, Riverside, 92504 - 2 bed, 2 bath
ACTIVE$490,000
4791 Granada Ave, Riverside, California 92504
2Beds
2Baths
1,386Sqft
8,276Lot
Price Vs. Estimate
The estimated value ($490,000) is $0 (0%) lower than the list price ($490,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8276, living area = 1386.
Top Cons:
Extensive Renovation Required: The property is explicitly described as needing a 'full rehab,' indicating significant time, effort, and financial investment will be necessary to modernize and restore it.
Compared to the nearby listings
Price:$490.0K vs avg $628.5K ($-138,500)7%
Size:1,386 sqft vs avg 1,586.5 sqft38%
Price/sqft:$354 vs avg $41223%
More Insights
Built in 1952 (73 years old).
Condition: This property, built in 1952, is explicitly marketed as a 'Full Rehab Opportunity' for investors, indicating it requires substantial repairs and rehabilitation. The exterior images show significant neglect, including faded/peeling paint, worn features, and an unkempt yard with debris. While no interior images are provided, the property's age and the 'full rehab' description strongly suggest that the kitchen, bathrooms, and all major systems (electrical, plumbing, HVAC) are severely outdated, likely non-functional, or in very poor condition, necessitating complete replacement. This aligns with the 'poor' condition criteria, where major components require repair and the property may be uncomfortable or unsafe in its current state.
Year Built
1952
Close
-
List price
$490K
Original List price
$490K
Price/Sqft
$354
HOA
-
Days on market
-
Sold On
-
MLS number
TR25208538
Home ConditionPoor
Features
View-
About this home
Investor Special – Full Rehab Opportunity in Riverside! This 2-bedroom, 2-bathroom single-story home offers a prime chance to create value in one of Riverside’s amazing neighborhoods. Featuring a detached garage and a spacious lot, this property is ready for a full rehab to bring it back to life. With strong upside potential this is an ideal project for seasoned investors or flippers looking for their next opportunity. Don’t miss your chance to reimagine this home and maximize its potential in a great Riverside location!
Nearby schools
4/10
Mountain View Elementary School
Public,•PK-6•1.0mi
6/10
Pachappa Elementary School
Public,•PK-6•1.3mi
4/10
Washington Elementary School
Public,•K-6•1.7mi
5/10
Alcott Elementary School
Public,•K-6•2.5mi
4/10
Sierra Middle School
Public,•7-8•0.4mi
4/10
Matthew Gage Middle School
Public,•7-8•1.7mi
2/10
Central Middle School
Public,•7-8•2.1mi
3/10
Chemawa Middle School
Public,•7-8•2.2mi
5/10
Ramona High School
Public,•9-12•0.8mi
7/10
Polytechnic High School
Public,•9-12•2.2mi
5/10
Arlington High School
Public,•9-12•2.7mi
Condition Rating
Poor
This property, built in 1952, is explicitly marketed as a 'Full Rehab Opportunity' for investors, indicating it requires substantial repairs and rehabilitation. The exterior images show significant neglect, including faded/peeling paint, worn features, and an unkempt yard with debris. While no interior images are provided, the property's age and the 'full rehab' description strongly suggest that the kitchen, bathrooms, and all major systems (electrical, plumbing, HVAC) are severely outdated, likely non-functional, or in very poor condition, necessitating complete replacement. This aligns with the 'poor' condition criteria, where major components require repair and the property may be uncomfortable or unsafe in its current state.
Pros & Cons
Pros
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 = 8276, living area = 1386.
Investment Potential: Explicitly marketed as an 'Investor Special' with 'strong upside potential' for value creation through a full rehab, making it ideal for flippers or long-term investors.
Desirable Location: Situated in 'one of Riverside’s amazing neighborhoods' and a 'great Riverside location,' suggesting good market demand and potential for appreciation.
Spacious Lot: The generous 8,276 sqft lot provides ample outdoor space, offering potential for landscaping, expansion, or adding amenities.
Detached Garage: A detached garage offers versatility for parking, storage, or potential conversion into an Accessory Dwelling Unit (ADU), adding future value and income potential.
Single-Story Layout: The single-story design is often preferred for accessibility and ease of living, appealing to a broader range of buyers post-renovation.
Cons
Extensive Renovation Required: The property is explicitly described as needing a 'full rehab,' indicating significant time, effort, and financial investment will be necessary to modernize and restore it.
Age of Property: Built in 1952, the home is over 70 years old, suggesting potential for outdated infrastructure (electrical, plumbing, HVAC) and the need for major system replacements.
Limited Bedroom Count: With only 2 bedrooms, the property may appeal to a narrower segment of the market, potentially limiting its resale value or rental income compared to homes with more bedrooms.