4948 Granada, Riverside, California 92504, Riverside, 92504 - 2 bed, 2 bath
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Riverside, California 92504
This property presents a High-Potential Investment Opportunity with a List Price of $540,000—positioned well above the $521,258 Fair Market Value by -3%. While the property requires a full rehab due to its Condition Rating of 5, the expansive 9,148-square-foot corner lot and city lights view provide a solid foundation for forced appreciation. Located within the Riverside Unified School District, this asset is ideal for Fix-and-Flip Investors or Contractors seeking to modernize a vintage 1952 residence and capture significant long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4948 Granada Subject | $540,000* List Price | 2 | 2 | 1,568 | $332 | - |
A 4791 Granada Ave Sold | $460,000 | 2 | 2 | 1,386 | $332 | 0.2 mi |
B 4794 Granada Avenue Sold | $520,000 | 3 | 2 | 1,274 | $408 | 0.2 mi |
C 3684 Cortez Street Sold | $500,000 | 3 | 2 | 1,242 | $403 | 0.7 mi |
D 3759 Hoover Street Sold | $500,000 | 3 | 2 | 1,750 | $286 | 0.5 mi |
E 4776 Granada Sold | $420,000 | 2 | 2 | 1,253 | $335 | 0.2 mi |
F 4734 Sierra Active | $580,000 List Price | 4 | 2 | 1,600 | $363 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, the property shows significant age with a kitchen and interior finishes that appear to be 40-50 years old. The presence of a vintage built-in oven, wood paneling, and dated wallpaper indicates that the home has not had a major renovation in over 30 years and requires a full rehab to modernize systems and aesthetics.
Situated on a spacious corner lot in a highly desirable neighborhood, this property offers excellent curb appeal and convenient proximity to shopping, public transportation, and freeway access.
The home is positioned as a 'real jewel' requiring only minor upgrades and cosmetic work, providing an excellent opportunity for investors or handy homeowners to build quick equity.
The generous 9,148-square-foot lot features lush landscaping and a family room that overlooks the rear yard, creating a serene environment for relaxation and entertaining.
The property requires cosmetic improvements and minor upgrades, which may deter buyers looking for a completely move-in-ready residence.
With only two bedrooms for over 1,500 square feet of living space, the layout may be less appealing to larger families or those requiring a dedicated home office.
Opportunity Knocks! Great Corner Lot Location In Much Desired Neighborhood. Close To Shopping, Public Transportation and Easy Freeway Access. 2 Bedrooms, 1.75 Baths, 2 Fireplaces and Family Room Overlooking Lush Landscaped Rear Yard. Minor Upgrades and Some Cosmetic Work Makes This A Real Jewel!
No exterior & parking available.
Grades PK-6 • 0.9 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 | 2.0 | 3.0 | 12% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,568 | 1,471 | 54% |
| Lot Size | 9,148 | 8,276 | 57% |
| Price | $540.0K | $618.0K | 17% |
| Price per sq ft | $344 | $423 | 26% |
| Built year | 1952 | 1960 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 152 | 1% |
May 24, 2026
$540,000
Initial Listing
Sep 21, 2012
$205,000
Public Record
Mar 7, 2000
$143,000
Public Record