5130 Hedrick Avenue, Riverside, California 92505, Riverside, 92505 - 3 bed, 2 bath
5130 Hedrick Avenue
Riverside, California 92505
Property Price
SUMMARY
Analysis of 5130 Hedrick Avenue, Riverside, California 92505 reveals a Fairly Priced Property with a current list price of $450,000 aligned with the estimated $450,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 5130 Hedrick Avenue Subject | $450,000* List Price | 3 | 2 | 1,160 | $388 | - |
A 10636 Wolfe Avenue Sold | $510,000 | 3 | 1 | 1,058 | $482 | 0.7 mi |
B 10645 Wolfe Avenue Sold | $502,500 | 3 | 1 | 1,058 | $475 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
The property benefits from a highly desirable central location in Riverside, offering convenient access to shopping, schools, malls, and everyday amenities.
- Renovation & Value-Add Potential
With 'great potential for improvement,' the home offers a significant opportunity for buyers to customize, modernize, and enhance its value.
- Strong Market Interest
The mention of 'multiple offers submitted' indicates high buyer demand and strong market interest in the property.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Unverified Room Count & Permitting
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.
- Absence of Garage
The property explicitly lacks a garage, which can be a significant drawback for parking, storage, and overall market appeal.
About 5130 Hedrick Avenue
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). With great potential for improvement, you can update and transform this home to suit your personal style. While there is no garage, the value of this property is undeniable. Short sale subject to lender approval. Multiple offers submitted.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,534 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
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 | 1,160 | 1,483.5 | 23% |
| Lot Size | 6,534 | 7,841 | 22% |
| Price | $450.0K | $640.0K | 5% |
| Price per sq ft | $388 | $427 | 37% |
| Built year | 1950 | 1977 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 176 | 10% |
Pricing History
Listed for Sale
Dec 20, 2025
$450,000
Initial Listing
Sold
May 9, 2023
$530,000
Public Record
Sold
Mar 3, 2021
$400,000
Public Record
Sold
Oct 30, 2012
$286,000
Public Record