5145 Mitchell, Riverside, California 92505, Riverside, 92505 - 6 bed, 3 bath
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Riverside, California 92505
Analysis of 5145 Mitchell, Riverside, California 92505 is currently available with a list price of $599,999. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1946 and marketed as a 'fixer' for investors, this 78-year-old property shows significant signs of neglect. The kitchen is severely outdated with missing cabinet doors and old appliances, while the interior features dated ceiling tiles, mismatched flooring, and worn finishes. The listing's requirement for cash or hard money suggests the systems and overall condition do not meet standard habitability for traditional financing, necessitating a full rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 47045, living area = 2409.
The nearly one-acre lot zoned Rural-Residential provides rare versatility for ADUs, workshops, or agricultural use, offering significant land value and privacy in a developed area.
As a large-scale fixer-upper with over 2,400 square feet of living space, this property presents a prime opportunity for investors or contractors to generate substantial instant equity through renovation.
The preference for cash or hard money financing significantly limits the buyer pool by excluding those who require traditional FHA, VA, or conventional financing due to the property's condition.
Built in 1946 and sold in fixer condition, the home likely requires a total overhaul of major systems and structural components, necessitating a large upfront capital investment.
Opportunity is knocking! Situated on approximately 1 acre, this 6-bedroom fixer is zoned Rural Residential, offering endless potential for investors, flippers, contractors, or buyers ready to create instant equity. Enjoy the freedom and flexibility of Rural Residential living, with zoning that allows horses and chickens, making this a rare opportunity to create the lifestyle you’ve been dreaming of. Bring your vision and unlock the value of this expansive property featuring two separate driveways, abundant parking, mature fruit trees, and plenty of room for RVs, work trucks, trailers, equipment, and more. Ideally located across from La Sierra Park with beautiful hillside views and convenient access to shopping, dining, schools, and major freeways. Cash or hard money financing preferred. Properties with this much land, Rural Residential zoning, and unlimited potential are few and far between don’t miss this exceptional opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,409 | 1,723 |
| Lot Size | 47,045 | 8,712 |
| Price | $600.0K | $676.0K |
| Price per sq ft | $249 | $395 |
| Built year | 1946 | 1977 |
| HOA | $0 | $125 |
| Days on market | 14 | 58 |
Jul 8, 2026
$599,999
Initial Listing
Sep 25, 2012
$190,000
Public Record
Apr 6, 1999
$204,000
Public Record
Jan 15, 1997
$168,500
Public Record