4832 Mitchell Avenue, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath
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4832 Mitchell Avenue
Riverside, California 92505
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,166Sq Ft
7,841Lot Size
Property Price
LIST PRICE$650,000
EST. MARKET VALUE
$614,374
5% AboveMARKET VALUE
SUMMARY
FULL_VERSION
This R-3-1500 Zoned Development Asset is a High-Potential Investment Opportunity, listed at $650,000—positioned above the $614,375 Fair Market Value by 5%. Despite the premium, the property features a Mint Condition Rating following a comprehensive renovation, including a new kitchen and HVAC. The 7,841 sq. ft. lot offers significant upside for multi-unit development, making it a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the property's density potential and modern, move-in-ready upgrades.
SEO VERSION
Renovated 3-bed home in Riverside with R-3-1500 zoning. Huge 7,841 sq. ft. lot with development potential for 3 units. Modern upgrades, RV parking, no HOA.
Estimated Market Value
$614,374
Based on Realkey algorithm analyzing recent comparable sales in Riverside.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4832 Mitchell Avenue Subject | $650,000* List Price | 3 | 2 | 1,166 | $527 | - |
A 10514 Cameo Court Sold | $595,000 | 3 | 2 | 1,118 | $532 | 0.6 mi |
B 10480 Bryan Street Sold | $620,000 | 3 | 2 | 1,125 | $551 | 0.9 mi |
C 10495 Cook Sold | $575,000 | 3 | 2 | 1,242 | $463 | 0.6 mi |
D 5345 La Sierra Avenue Sold | $585,000 | 3 | 2 | 1,168 | $501 | 0.7 mi |
E 4190 Hines Sold | $610,000 | 3 | 2 | 1,320 | $462 | 0.7 mi |
F 11156 Davenport Place Sold | $620,000 | 3 | 2 | 1,071 | $579 | 0.9 mi |
G 4997 Hollyhock Active | $639,900 List Price | 3 | 2 | 1,270 | $504 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1926, the home underwent a comprehensive renovation approximately one year ago. It features a brand-new kitchen with quartz countertops and stainless appliances, new vinyl flooring, new dual-pane windows, and new split-system HVAC units, placing it in mint, move-in-ready condition.
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 = 7841, living area = 1166.
- Development Potential
The R-3-1500 zoning on a generous 7,841 sq. ft. lot provides a rare opportunity to develop up to three units, maximizing investment returns and land utility.
- Recent Modern Upgrades
The home was renovated approximately one year ago with high-quality finishes, including a new quartz kitchen, split-system AC, dual-pane windows, and vinyl flooring.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1166, other record living area = 1034.
- Recently Sold Property
The property was recently sold within the past year on 2025-09-19. The sold price is $598,500.00.
- Historical Structure Age
Originally built in 1926, the property may possess underlying structural or plumbing characteristics typical of century-old homes that require more maintenance than newer builds.
About 4832 Mitchell Avenue
Rare opportunity to own a property on a 7,841 sq. ft. lot zoned R-3-1500 in Riverside! The R-3-1500 zoning allows for a minimum lot size of 1,500 sq. ft., offering excellent development potential. Up to three units with separate addresses may be possible, providing a great opportunity for investors or buyers looking to maximize the property’s potential. Buyer to verify zoning, development potential, and requirements with the City of Riverside. The location is incredibly convenient, with easy access to major freeways, shopping centers, and just a short drive from Orange County. The home was upgraded approximately one year ago, featuring brand-new kitchen cabinets and quartz countertops, new kitchen appliances, new split-system AC units, new vinyl flooring, new doors, new dual-pane windows, and new remote-controlled gates. The spacious side yard provides enough room to park an RV, regular vehicles, or pickup trucks, there’re no homes directly across the street, the property offers plenty of convenient street parking. No HOA, Low property tax rate.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Riverside Unified Schools
Collett Elementary School
Grades PK-5 • 0.6 mi
4/10
Myra Linn Elementary School
Grades K-5 • 0.7 mi
4/10
La Granada Elementary School
Grades PK-5 • 0.9 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,166 | 1,867.892 |
| Lot Size | 7,841 | 8,787.773 |
| Price | $650.0K | $692.3K |
| Price per sq ft | $557 | $386 |
| Built year | 1926 | 1980 |
| HOA | $0 | $151 |
| Days on market | 4 | 55 |
Pricing History
Listed for Sale
Sep 5, 2026
$650,000
Initial Listing
Sold
Sep 19, 2025
$598,500
Public Record
Sold
Dec 26, 2024
$425,000
Public Record