
Riverside, California 92507
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $585,000—positioned well below the $594,890 Fair Market Value by 1.66%. This valuation gap offers $9,890 in Instant Equity. Featuring a Condition Rating of 2 with recent modern renovations, the property includes a spacious 7,841 sqft lot and a private patio. Its prime location in the Riverside Unified district makes this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4874 Park Subject | $575,000* List Price | 3 | 1 | 1,463 | $398 | - |
A 2514 Prospect Avenue Sold | $618,000 | 3 | 2 | 1,499 | $412 | 0.5 mi |
B 2723 Iris Street Sold | $575,000 | 4 | 3 | 1,488 | $386 | 0.2 mi |
C 2942 Denton Sold | $649,000 | 5 | 2 | 1,990 | $326 | 0.2 mi |
D 2571 12th Street Sold | $625,000 | 4 | 2 | 1,509 | $414 | 0.8 mi |
E 4149 Sedgwick Avenue Sold | $442,500 | 3 | 1 | 960 | $461 | 0.8 mi |
F 4422 Victoria Avenue Active | $499,000 List Price | 5 | 3 | 1,670 | $299 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1927, the home has undergone a comprehensive recent renovation (likely within the last 5 years). The kitchen and bathroom feature modern shaker cabinets, stone countertops, and updated fixtures. With new flooring, fresh paint, and a mint interior, the property is in move-in condition with no immediate maintenance required.
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 = 1463.
The property features a generous 7,841 sqft lot, offering significant outdoor space and rare potential for expansion or the addition of an ADU in a desirable Riverside area.
Ideally situated near schools, parks, and major freeway access, this home provides excellent convenience for commuters and families alike.
The property was recently sold within the past year on 2026-04-03. The sold price is $400,000.00. The property was recently sold within the past year on 2026-04-02. The sold price is $355,000.00.
With three bedrooms but only one bathroom, the home may present a challenge for larger households or buyers seeking modern convenience.
Given its 1927 construction and the listing's emphasis on 'potential,' buyers should anticipate the need for modernizing systems or cosmetic updates to realize the home's full value.
A GREAT OPPORTUNITY! Welcome to this charming Riverside home located in a highly desirable neighborhood, offering an incredible combination of recent upgrades, functionality, and long-term value. This fully remodeled 3-bedroom, 1-bathroom home sits on an oversized lot and is truly move-in ready. Recent improvements include new landscaping, an upgraded electrical panel, and newly installed mini-split systems, providing modern comfort and efficiency throughout the home. Adding even more value, the property features a very clean inspection report, giving buyers added peace of mind. Inside, you will find a beautifully remodeled interior with a comfortable and functional layout, abundant natural light, and a welcoming atmosphere. The spacious living areas provide an ideal setting for everyday living, entertaining, or relaxing with family. Each bedroom offers flexibility for family, guests, or a home office. One of the standout features of this property is the oversized lot, providing plenty of outdoor space for entertaining, gardening, recreation, or future improvements. Large lots like this are becoming increasingly difficult to find, making this property an excellent opportunity for a first-time buyer, growing family, or investor. Conveniently located near schools, parks, shopping, dining, and major freeway access, this home combines modern upgrades, a desirable location, and plenty of outdoor space. With the remodeling already completed, new landscaping, upgraded electrical, mini-splits, and a clean inspection report, this is a fantastic opportunity for a new buyer looking for a turnkey Riverside home with additional potential. Don't miss it!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,463 | 1,867.892 |
| Lot Size | 7,841 | 8,787.773 |
| Price | $575.0K | $692.3K |
| Price per sq ft | $393 | $386 |
| Built year | 1927 | 1980 |
| HOA | $0 | $151 |
| Days on market | 27 | 55 |
Sep 5, 2026
$575,000
$585,000
-2% Price Drop
Initial Listing
Aug 13, 2026
$585,000
Initial Listing
Apr 3, 2026
$400,000
Public Record
Apr 2, 2026
$355,000
Public Record