5111 Arlington Avenue, Riverside, California 92504, Riverside, 92504 - 5 bed, 2 bath
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Riverside, California 92504
This Versatile Live/Work Residential Asset is listed at $699,000, positioned well below the $711,716 Fair Market Value by 1%. This valuation gap offers $12,716 in Instant Equity. Currently holding a Condition Rating of 4, the property features a split 5-Bedroom Layout and City-Stamped ADU Plans for a 740 sq ft unit. Located in the Riverside Unified district near Ramona High School, it offers unique flexibility for income generation and business use. This is a strategic opportunity for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5111 Arlington Avenue Subject | $699,000* List Price | 5 | 2 | 1,780 | $335 | - |
A 6757 Clifford Sold | $540,000 | 4 | 2 | 1,687 | $320 | 0.6 mi |
B 6985 Malibu Drive Sold | $570,000 | 3 | 2 | 1,724 | $331 | 0.8 mi |
C 4296 Saint George Place Sold | $635,000 | 5 | 2 | 1,917 | $331 | 0.7 mi |
D 6844 Palomar Way Sold | $600,000 | 4 | 2 | 1,873 | $320 | 0.2 mi |
E 6974 Capistrano Way Sold | $548,000 | 3 | 1 | 1,140 | $481 | 0.0 mi |
F 5620 Ensenada Sold | $610,000 | 3 | 2 | 1,382 | $441 | 0.6 mi |
G 3866 Gates Place Active | $628,888 List Price | 5 | 2 | 1,939 | $324 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948, the property shows a mix of updates. One bathroom appears more recently renovated with a modern shower and vanity, but the kitchen features dated tile flooring, basic laminate countertops, and older appliances. The second bathroom also shows older updates with beige tiled shower/tub surround. While the living areas have decent-looking wood/laminate flooring and fresh paint, the overall condition, particularly in key areas like the kitchen and one bathroom, indicates that the home is aged and maintained through regular upkeep and occasional updates, but major components show signs of being outdated and would require further updates to meet modern standards.
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 = 1780.
The property is explicitly approved for live/work use, offering unique flexibility for business owners or those seeking a combined residential and commercial space with city approval.
City-stamped plans and drawings for a 740 sq ft, 2-bed/1-bath ADU are available, providing a clear path for additional income generation or expanded living arrangements.
Built in 1948, the property may require significant investment in updating core systems (electrical, plumbing, HVAC) and modernizing finishes to meet contemporary standards and efficiency.
The description does not highlight recent renovations or upgrades to the interior or major systems, suggesting that a buyer should anticipate potential costs for modernization.
The property explicitly states 'view: None,' which may be a drawback for buyers prioritizing scenic outlooks or specific landscape features.
What a special home! You can live here and work here! Prime location across from Heritage Plaza, Ross and T Mobile. 5 Min off of Madison located directly across the street from Energy Chiropractic. Perfect live and work situation with city approval. This home has an entrance off of Arlington and an electric gated driveway and parking off of Barcelona. Large enough for multigenerational living .Large living area with open concept kitchen and a separate family room behind the kitchen. 2 bed 1 bath on one side of the home and 3 bed 1 bath on the other. Owner has city stamped plans and drawings for an ADU 2/1 bath 740 sq ft. This home has so much potential and so many options for your living arrangements!
No exterior & parking available.
Grades PK-6 • 0.9 mi
Grades PK-6 • 1.7 mi
Grades K-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 92% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,780 | 1,522 | 64% |
| Lot Size | 7,405 | 8,276 | 36% |
| Price | $699.0K | $620.0K | 70% |
| Price per sq ft | $393 | $412 | 40% |
| Built year | 1948 | 1960 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 201 | 10% |
Jan 27, 2026
$699,000
Initial Listing
Jun 30, 1994
$95,000
Public Record