5230 Old Mill Road, Riverside, California 92504, Riverside, 92504 - 3 bed, 2 bath
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Riverside, California 92504
This Modernized Mid-Century Residence is a Prime Investment Opportunity, listed at $599,000—positioned well below the $614,298 Fair Market Value by 2%. This valuation gap provides $15,298 in Instant Equity. Boasting a Condition Rating of 3, the home features central HVAC, dual-pane windows, and a detached garage on a versatile 7,405 sqft lot with significant ADU potential. Located near Mountain View Elementary, it balances turnkey comfort with future appreciation. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5230 Old Mill Road Subject | $599,000* List Price | 3 | 2 | 1,356 | $453 | - |
A 5273 Greenbrier Drive Sold | $610,000 | 3 | 2 | 1,256 | $486 | 0.1 mi |
B 5771 Walter Street Sold | $576,000 | 3 | 2 | 1,288 | $447 | 0.9 mi |
C 5943 Grand Avenue Sold | $525,000 | 2 | 2 | 1,320 | $398 | 0.1 mi |
D 6266 Pathfinder Road Sold | $670,000 | 3 | 2 | 1,334 | $502 | 0.5 mi |
E 5350 Benecia Drive Sold | $580,000 | 3 | 2 | 1,324 | $438 | 0.4 mi |
F 6688 Montclair Drive Sold | $565,000 | 4 | 2 | 1,290 | $438 | 0.8 mi |
G 6698 Montclair Drive Active | $599,000 List Price | 4 | 2 | 1,290 | $464 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1954, the property has undergone significant renovations within the 5-15 year range. It features updated central HVAC, dual-pane windows, and fresh interior paint. The kitchen and bathrooms are functional and well-maintained with white cabinetry and custom tile work, making the home move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1356.
The property features a detached garage and a generous 7,405 sqft lot, offering a prime opportunity for an Accessory Dwelling Unit (ADU) or flexible outdoor living space to increase property value.
Equipped with essential modern upgrades including central HVAC, dual-pane windows, and indoor laundry, this 1950s home provides contemporary comfort and energy efficiency.
Built in 1954, the home may possess aging underlying systems such as plumbing or electrical that could require future capital investment despite recent cosmetic updates.
At 1,356 square feet for a three-bedroom configuration, the living spaces may feel compact for buyers accustomed to more expansive modern floor plans.
Welcome to 5230 Old Mill Rd, Riverside a charming single story home nestled in a quiet, tree lined neighborhood with inviting curb appeal and mature landscaping. Inside, you’ll find a light filled layout featuring rich wood style flooring, fresh neutral paint and a cozy living room with a painted brick fireplace. The kitchen offers white cabinetry, tile countertops, ample storage, recessed lighting and a window over the sink, flowing into a dedicated dining area. Bedrooms are spacious with wood flooring and ceiling fans, while the bathroom showcases custom tile and a unique vanity for added character. Additional highlights include dual pane windows, central HVAC, indoor laundry and built-in storage. The backyard offers multiple patio areas, a large open yard and a detached garage with potential for ADU or flexible use. Conveniently located near shopping, dining, parks, schools and with easy 91 freeway access. This home blends comfort, charm and opportunity.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 7-8 • 0.8 mi
Grades 7-8 • 1.9 mi
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 | 1,356 | 1,465.5 | 42% |
| Lot Size | 7,405 | 8,276 | 40% |
| Price | $599.0K | $617.0K | 36% |
| Price per sq ft | $442 | $424 | 63% |
| Built year | 1954 | 1960 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 159 | 3% |
Apr 28, 2026
$599,000
Initial Listing
Sep 24, 2021
$505,000
Public Record
May 12, 2016
$702,000
Public Record
Jan 8, 2008
$285,000
Public Record