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

5121 Sierra Street, Riverside, California 92504 home-pic-0

5121 Sierra Street

Riverside, California 92504

ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,495Sq Ft
11,761Lot Size

Property Price

LIST PRICE$850,000
EST. MARKET VALUE
$724,010
17% AboveMARKET VALUE

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

$724,010
Based on Realkey algorithm analyzing recent comparable sales in Riverside.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
5121 Sierra Street
Subject
$850,000*
List Price
321,495$484-
A
5455 Wayman Street
Sold
$650,000421,612$4030.4 mi
B
3679 San Rafael Way
Sold
$700,000421,545$4530.8 mi
C
4665 Granada
Sold
$631,000321,368$4610.6 mi
D
6656 Rexford
Sold
$650,000321,141$5700.5 mi
E
4165 Saint George Street
Sold
$620,000321,556$3980.8 mi
F
5710 Burlingame Drive
Sold
$620,000321,393$4450.9 mi
G
6090 Meadowbrook Lane
Active
$645,000
List Price
421,496$4310.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

4/10

Pachappa Elementary School

Grades PK-6 • 1.6 mi

6/10

Washington Elementary School

Grades K-6 • 2.1 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,4951,529
48%
Lot Size11,7618,712
65%
Price$850.0K$620.0K
77%
Price per sq ft$569$415
93%
Built year19591959
50%
HOA$0$0
50%
Days on market120183
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

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