5130 Hedrick Avenue, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath
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Riverside, California 92505
This Value-Add Residential Asset is listed at $450,000, representing a stable entry point at its $450,000 Fair Market Value. Holding a Condition Rating of 4, the 1950s home requires updates to its kitchen and flooring but offers significant potential for forced appreciation. Located in the Riverside Unified School District, the property features a 3-bedroom, 2-bathroom layout with unverified permits. Given the central location and high market demand, this short-sale opportunity is an ideal acquisition for Fix-and-Flip Investors or Contractors looking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5130 Hedrick Avenue Subject | $480,000* List Price | 3 | 2 | 1,160 | $414 | - |
A 10514 Cameo Court Sold | $595,000 | 3 | 2 | 1,118 | $532 | 0.3 mi |
B 10716 Hollenbeck Sold | $615,000 | 3 | 2 | 1,375 | $447 | 0.9 mi |
C 5242 La Salle Active | $570,000 List Price | 3 | 2 | 1,206 | $473 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this property shows its age despite some updates. The kitchen features older wood-look cabinets and dark countertops, while the bathrooms have basic white vanities and fixtures, all appearing functional but dated. Flooring includes laminate wood-look in common areas and bathrooms, and worn carpet in the bedroom. While there are some modern touches like recessed lighting and an electric fireplace, the overall style and condition suggest the home is aged but maintained, requiring minor updates to modernize.
The property benefits from a highly desirable central location in Riverside, offering convenient access to shopping, schools, malls, and everyday amenities.
With 'great potential for improvement,' the home offers a significant opportunity for buyers to customize, modernize, and enhance its value.
The mention of 'multiple offers submitted' indicates high buyer demand and strong market interest in the property.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
A critical concern is the discrepancy between the advertised 3 beds/2 baths and title records showing 2 beds/1 bath, necessitating buyer verification of permits and room count.
The property explicitly lacks a garage, which can be a significant drawback for parking, storage, and overall market appeal.
Don't miss this incredible opportunity to own a centrally located home in Riverside, just minutes away from shopping, schools, malls, churches, and all the everyday conveniences you could want. This property features 3 bedrooms and 2 bathrooms, although title records indicate only 2 bedrooms and 1 bathroom (buyers are advised to verify permits, square footage, and room count). Great opportunity to update and personalize this home to your taste. With strong upside potential, this property presents undeniable value despite the absence of a garage. Short sale subject to lender approval. Approved sales price: $480,000.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,160 | 1,555 | 17% |
| Lot Size | 6,534 | 7,841 | 21% |
| Price | $480.0K | $650.0K | 8% |
| Price per sq ft | $414 | $411 | 50% |
| Built year | 1950 | 1977 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 178 | 179 | 50% |
May 1, 2026
$480,000
$450,000
+7% Price Increase
Initial Listing
Dec 20, 2025
$450,000
Initial Listing
May 9, 2023
$530,000
Public Record
Mar 3, 2021
$400,000
Public Record
Oct 30, 2012
$286,000
Public Record