4883 El Molino Avenue, Riverside, California 92504, Riverside, 92504 - 3 bed, 1 bath
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Riverside, California 92504
This Modernized Mid-Century Residence is a Prime Investment Opportunity, listed at $599,000—positioned well below the $618,154 Fair Market Value by 3%. This valuation gap provides $19,154 in Instant Equity for the buyer. Boasting an Excellent Condition Rating, the home features a remodeled kitchen, a cozy fireplace, and a versatile detached outdoor room perfect for a home office or studio. Situated on an expansive 7,405 sqft lot within the Riverside Unified district, it offers significant lifestyle appeal. This is an ideal match for Owner-Occupants or first-time buyers seeking a move-in-ready sanctuary with immediate upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4883 El Molino Avenue Subject | $599,000* List Price | 3 | 1 | 1,245 | $497 | - |
A 6666 Evelyn Sold | $614,000 | 3 | 1 | 1,104 | $556 | 0.7 mi |
B 5350 Benecia Drive Sold | $580,000 | 3 | 2 | 1,324 | $438 | 1.0 mi |
C 7516 San Juan Sold | $580,000 | 3 | 1 | 984 | $589 | 0.4 mi |
D 5279 Appleton Sold | $650,000 | 3 | 2 | 1,074 | $605 | 0.9 mi |
E 3638 Rossmuir Sold | $480,000 | 3 | 1 | 1,037 | $463 | 0.6 mi |
F 6845 Barcelona Active Under Contract | $564,900 List Price | 3 | 1 | 1,140 | $496 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1952, the property has undergone an extensive recent renovation that meets modern quality standards. The kitchen is gorgeously remodeled with stainless steel appliances, quartz countertops, subway tile backsplash, and updated cabinetry. The interior features consistent modern hard-surface flooring, recessed lighting, updated fixtures, and fresh paint throughout, showing no signs of deferred maintenance.
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 = 1245.
The property features an incredible detached outdoor room ideal for a home office, gym, or creative studio, providing valuable additional functional space beyond the main house.
A gorgeously remodeled kitchen and a warm living room with a cozy fireplace offer a move-in-ready experience with contemporary finishes and abundant natural light.
With only one bathroom serving a potential three-bedroom residence, the property may present a functional challenge for families or guests.
Currently configured as a two-bedroom home, buyers requiring a third private bedroom will need to undertake the effort and cost to convert the opened-up living space back to its original layout.
Welcome to El Molino Avenue, where this beautifully renovated home sits on a charming tree lined street, in one of the best neighborhoods in Riverside. From the moment you enter, you are greeted by a warm and inviting living room complete with a cozy fireplace. The spacious dining room is filled with natural light from a large picture window and flows seamlessly into the gorgeously remodeled kitchen. Originally designed as a three bedroom home, the property is currently configured as two bedrooms with the third bedroom opened up to create an additional living space. This room could easily be converted back into a third bedroom if desired. The backyard is truly the showpiece of this home. Enjoy a wonderful covered patio, expansive backyard, and an incredible detached outdoor room ideal for a home office, gym, art studio, creative retreat, or additional entertaining space! This home will not last!
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades PK-6 • 1.4 mi
Grades K-6 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,245 | 1,518 | 27% |
| Lot Size | 7,405 | 8,276 | 36% |
| Price | $599.0K | $619.5K | 38% |
| Price per sq ft | $481 | $414 | 77% |
| Built year | 1952 | 1960 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 201 | 1% |
Apr 15, 2026
$599,000
Initial Listing
Nov 30, 1998
$114,500
Public Record