4794 Granada Avenue, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
Loading property details...
Riverside, California 92504
This Value-Add Residential Asset is listed at $499,000, representing a strategic entry point relative to its $464,371 Fair Market Value. Carrying a Condition Rating of 5, the 1952 structure requires a complete interior overhaul, offering a clear path to forced appreciation through modern updates. The property’s primary strength lies in its expansive 7,405 sqft lot, which provides significant ADU potential and mountain views within the Riverside Unified School District near Ramona High. This is a high-potential renovation project perfectly suited for Fix-and-Flip Investors or Contractors looking to maximize ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4794 Granada Avenue Subject | $499,000* List Price | 3 | 2 | 1,274 | $364 | - |
A 3684 Cortez Street Sold | $500,000 | 3 | 2 | 1,242 | $403 | 0.7 mi |
B 6688 Montclair Drive Sold | $565,000 | 4 | 2 | 1,290 | $438 | 0.4 mi |
C 6458 Rhonda Sold | $460,000 | 3 | 2 | 1,141 | $403 | 0.9 mi |
D 6974 Capistrano Way Sold | $548,000 | 3 | 1 | 1,140 | $481 | 0.4 mi |
E 4791 Granada Ave Sold | $460,000 | 2 | 2 | 1,386 | $332 | 0.0 mi |
F 3936 Lester Street Sold | $541,000 | 3 | 2 | 1,161 | $466 | 0.9 mi |
G 3638 Lillian Pending | $589,999 List Price | 4 | 2 | 1,372 | $430 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this property is in need of a complete interior overhaul. The living areas feature heavily stained and soiled carpeting, while the kitchen is outdated with original-style cabinetry, laminate countertops, and aged appliances. The home lacks a modern central HVAC system, utilizing dated wall heaters and window AC units. The listing description explicitly identifies the home as a 'blank slate' requiring a 'full transformation,' which aligns with the 'poor' condition rating due to the need for substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1274.
The property features a generous 7,405 sqft lot with ample space for expansion or the addition of an Accessory Dwelling Unit (ADU), offering significant value-add potential for investors or growing families.
Situated on a picturesque, tree-lined street in an established Riverside neighborhood, the home offers a quiet residential atmosphere while remaining conveniently close to schools, shopping, and major commuter routes.
The property is in need of a total overhaul, which will require a substantial additional budget and time commitment for repairs and modernization before it is move-in ready.
Built in 1952, the home likely contains original systems and finishes that may not meet current building codes or modern efficiency standards, potentially leading to unforeseen costs during the remodeling process.
Nestled on a picturesque, tree-lined street in Riverside, this charming 3-bedroom, 1.75-bathroom home presents an incredible opportunity for those looking to create something truly special. Whether you’re a first-time buyer eager to step into homeownership or an investor searching for your next project, this property offers the perfect combination of location, potential, and value. Set on a generously sized lot, the home provides ample space for expansion, outdoor living, or even the addition of an ADU (buyer to verify). The expansive yard is a rare find, offering endless possibilities—imagine designing your dream backyard oasis, adding a pool, or creating a garden retreat under the shade of mature trees that line the peaceful street. Inside, the home is a true blank slate, ready for your personal touch and vision. With a functional layout that includes 3 well-proportioned bedrooms and 1.75 bathrooms, the canvas is set for a full transformation. Whether you’re dreaming of a modern open-concept design, a cozy traditional space, or a high-return investment renovation, this property is primed for customization. Located in an established neighborhood known for its charm and character, you’ll enjoy the benefits of a quiet residential setting while still being conveniently close to local amenities, shopping, dining, schools, and major commuter routes. Opportunities like this don’t come around often—a spacious lot, a desirable Riverside location, and a home with unlimited potential. Bring your imagination and make this property your own.
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.3 mi
Grades K-6 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,274 | 1,518 | 29% |
| Lot Size | 7,405 | 8,276 | 37% |
| Price | $499.0K | $620.0K | 6% |
| Price per sq ft | $392 | $414 | 40% |
| Built year | 1952 | 1960 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 198 | 1% |
Apr 16, 2026
$499,000
Initial Listing