5034 Jones Avenue, Riverside, California 92505, Riverside, 92505 - 3 bed, 1 bath
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5034 Jones Avenue
Riverside, California 92505
ACTIVE
CONDITION: POOR
3Beds
1Baths
986Sq Ft
7,405Lot Size
Property Price
LIST PRICE$499,900
EST. MARKET VALUE
$468,043
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,900—positioned well above the $468,043 Fair Market Value by 6%. While the property requires significant renovation, the 7,405 sqft lot and converted rear structure offer substantial value-add potential for those looking to maximize square footage. With a Condition Rating of 5, this asset is a blank canvas for strategic upgrades. This project is an ideal acquisition for Fix-and-Flip Investors or Contractors capable of executing a comprehensive renovation to unlock the property's full market potential.
Estimated Market Value
$468,043
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 |
|---|---|---|---|---|---|---|
★ 5034 Jones Avenue Subject 3 bd · 1 ba · 986 sqft · $475 | $499,900* List Price | 3 | 1 | 986 | $475 | - |
A 5130 Hedrick Avenue Sold 3 bd · 2 ba · 1,160 sqft · $415 · 0.1 mi | $481,000 | 3 | 2 | 1,160 | $415 | 0.1 mi |
B 10372 Adriana Avenue Sold 3 bd · 2 ba · 1,100 sqft · $545 · 0.6 mi | $600,000 | 3 | 2 | 1,100 | $545 | 0.6 mi |
C 5242 La Salle Sold 3 bd · 2 ba · 1,206 sqft · $455 · 1.0 mi | $549,000 | 3 | 2 | 1,206 | $455 | 1.0 mi |
D 4660 Marathon Place Sold 4 bd · 2 ba · 1,357 sqft · $424 · 0.9 mi | $575,000 | 4 | 2 | 1,357 | $424 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1952 (74 years old) and explicitly marketed as a 'fixer' and 'blank canvas' for investors. The listing states the property needs significant repairs and updating, fitting the criteria for a full rehab project rather than simple cosmetic updates.
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 = 7405, living area = 986.
- Investment Potential
Positioned as a prime fixer-upper, this property offers a blank canvas for investors or flippers to add significant value through renovation and customization.
- Bonus Rear Structure
The inclusion of a converted rear structure provides versatile additional space that could potentially serve as a home office, studio, or be further developed into an ADU.
CONSRISKS & DEFICIENCIES
- Extensive Repairs Needed
The property is explicitly listed as a fixer-upper requiring significant repairs and updates, necessitating a substantial budget for renovation and contractor services.
- Limited Bathroom Count
With three bedrooms but only one bathroom, the layout may be less appealing to modern families, potentially requiring a reconfiguration of the existing square footage to add a second bath.
About 5034 Jones Avenue
Calling all investors and renovation enthusiasts! Don’t miss this opportunity to bring your vision to 5034 Jones Avenue in Riverside. This fixer offers a blank canvas for those ready to renovate, update, and create a space of their own. Whether you’re considering your next investment project or a home to customize, this property is ready for its next chapter. Bring your contractor, explore the possibilities, and unlock its potential. Property needs repairs and updating; buyers are encouraged to evaluate its condition, renovation scope, and suitability for their intended use. The property also includes a converted rear structure. Act now on this incredible opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 7,405 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 1.0 | 2.2 |
| Square foot | 986 | 1,854.896 |
| Lot Size | 7,405 | 8,680.308 |
| Price | $499.9K | $698.4K |
| Price per sq ft | $507 | $380 |
| Built year | 1952 | 1982 |
| HOA | $0 | $156 |
| Days on market | 2 | 57 |
Pricing History
Listed for Sale
Oct 22, 2026
$499,900
Initial Listing
Sold
Nov 29, 2021
$319,000
Public Record