5121 Sierra Street, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath

5121 Sierra Street
Riverside, California 92504
Property Price
SUMMARY
Analysis of 5121 Sierra Street, Riverside, California 92504 reveals a property with a current list price of $850,000, which is 17% above the estimated $724,010 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5121 Sierra Street Subject | $850,000* List Price | 3 | 2 | 1,495 | $484 | - |
A 5455 Wayman Street Sold | $650,000 | 4 | 2 | 1,612 | $403 | 0.4 mi |
B 3679 San Rafael Way Sold | $700,000 | 4 | 2 | 1,545 | $453 | 0.8 mi |
C 4665 Granada Sold | $631,000 | 3 | 2 | 1,368 | $461 | 0.6 mi |
D 6656 Rexford Sold | $650,000 | 3 | 2 | 1,141 | $570 | 0.5 mi |
E 4165 Saint George Street Sold | $620,000 | 3 | 2 | 1,556 | $398 | 0.8 mi |
F 5710 Burlingame Drive Sold | $620,000 | 3 | 2 | 1,393 | $445 | 0.9 mi |
G 6090 Meadowbrook Lane Active | $645,000 List Price | 4 | 2 | 1,496 | $431 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1959, the property has undergone extensive recent renovations, as explicitly stated in the description and clearly visible in the images. The kitchen features new, modern grey shaker cabinets, white quartz countertops, subway tile backsplash, and new stainless steel appliances (range, microwave, refrigerator). Both bathrooms are also fully updated with modern tiling, vanities (one double vanity), fixtures, and recessed lighting. New wood-look laminate flooring extends throughout the living areas and bedrooms, complemented by fresh paint and modern recessed lighting. The exterior also benefits from new cement flooring. While the original build year is older, the comprehensive and high-quality updates to all visible components, especially the kitchen and bathrooms, bring the property's condition to an excellent standard, making it virtually new in its renovated state.
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 = 11761, living area = 1495.
- Extensive Recent Renovations
The property boasts recent renovations including new kitchen cabinets and floor coverings, offering a modern and move-in ready interior.
- ADU Conversion Potential
Approved plans and permits for a garage ADU conversion provide significant value, offering potential for rental income or expanded living space.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1959, the property's older foundation and potential for aging infrastructure (e.g., plumbing, electrical, HVAC not explicitly mentioned as updated) could be a concern for some buyers.
- Lack of Scenic Views
The property description explicitly states 'view: None,' which may be a disadvantage for buyers prioritizing scenic vistas.
- Rapid Price Escalation
The recent sales history shows a significant and rapid increase in value over a short period, which might lead to buyer scrutiny regarding the current list price and the depth of renovations.
About 5121 Sierra Street
Recently renovated, front and back new cement flooring, ADU plans and permits for Garage conversion, new kitchen cabinets and floor covering must see.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 11,761 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Riverside Unified Schools
Mountain View Elementary School
Grades PK-6 • 0.7 mi
Pachappa Elementary School
Grades PK-6 • 1.6 mi
Washington Elementary School
Grades K-6 • 2.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,495 | 1,529 | 48% |
| Lot Size | 11,761 | 8,712 | 65% |
| Price | $850.0K | $620.0K | 77% |
| Price per sq ft | $569 | $415 | 93% |
| Built year | 1959 | 1959 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 120 | 183 | 15% |
Pricing History
Listed for Sale
Nov 7, 2025
$850,000
Initial Listing
Sold
Aug 12, 2024
$675,000
Public Record
Sold
Mar 20, 2024
$557,500
Public Record
Sold
Feb 28, 2024
$486,500
Public Record

































